Fueling the Transportation Industry
Traditional plug-in electric vehicles require long periods of charging time. One of hydrogen’s most significant advantages is the ability to be pumped like gasoline to power an electric motor. Quick hydrogen refills will make more people consider adopting a hydrogen fuel cell electric vehicle.
California expects to have 200 hydrogen fueling stations3 by 2025.
Hydrogen fueling stations are charging as much as $16 per kilogram4. As a result, consumers are paying nearly $100 to fill up a six-kilogram fuel tank with hydrogen.
With Standard Hydrogen’s low-cost processes, we’re targeting $4 per kilogram wholesale. This translates to approximately $5 per kilogram retail, which means people could fill their tanks for only $30.
On the Road
According to JP Morgan, the world can expect to have 25 million hybrid-electric vehicles5 on the road by 2025. The figure represents a multibillion-dollar opportunity for the hydrogen-fuel industry.
In the US alone, there are nearly 330 million households. With each home owning an average of 1.9 vehicles, we could have over 250 million hydrogen-powered electric cars in America by 2035. Include the rest of the world, and we’re looking at a market exceeding $1 trillion, just for fuel.
Powering Our Lives
In addition to the automotive and other transportation industries, hydrogen is capable of providing zero-emission power to electrical grids. The white hydrogen we produce will play a significant role in the future of domestic and foreign commercial electrification.
By 2045, Los Angeles claims it will decarbonize its power grid by generating the city’s electricity via 100% hydrogen-powered turbines6.
In South Korea, the government has announced a “hydrogen model city”7 initiative, which will send clean electricity to offices and households.
In the Air
The aviation industry is responsible for nearly 5%8 of global greenhouse gases.
With new electric-powered prop planes9 on the horizon, travel between the cities of the future will use low-cost, environmentally friendly hydrogen fuel cells. Unlike batteries, which lose their ability to hold a full charge over time, hydrogen fuel cells deliver consistent power to electric motors.
Over the Sea
“If all the ships on earth were a single country, that country would be the sixth-largest polluter10 in the world.”
As we described on our Environmentally Friendly page, ocean gyres are growing garbage piles at an alarming rate, containing over five trillion11 particles of plastic. The obvious solution is to dispatch a fleet of ships to remove the waste materials. However, this introduces two major problems:
- What would we do with the recovered garbage?
- The ships themselves will require significant fossil-fuel resources, which generate an immense amount of CO2 emissions.
Standard Hydrogen has a solution to clean up ocean gyres while addressing both of these dilemmas:
- Our patented technique transforms garbage (plastics, tires, wood, and paper) into low-cost, efficient, and storable hydrogen.
- The vessels themselves would run on the high-purity hydrogen which they produce. In addition to eliminating tons of carbon from the atmosphere, this self-sufficient model means each ship would return to shore with valuable wholesale hydrogen to offset the cost of each operation.
On the Land
America makes up 4% of the global population. However, we produce 12% of the world’s municipal solid waste12.
In the US, we only recycle 35% of the garbage we produce. What doesn’t make it into municipal landfills ends up littering the ground, rivers, and oceans.
Standard Hydrogen helps waste management to reduce landfill debris (plastic, paper, tires, wood) while introducing a new revenue stream. We will charge landfill operators a minimal per pound fee for their garbage and then turn the waste material into valuable hydrogen. Waste management companies can realize a profit without consuming valuable land resources.
Welcoming the Future
Hyundai’s Nexo13, the world’s first production fuel-cell SUV, is available now in California. In addition to a host of cutting-edge gadgets and functions, it is capable of traveling 380 miles on a single tank of hydrogen. Filling the tank currently costs consumers approximately $100.
By reducing the fill-up cost to $30, Standard Hydrogen will lead the dramatic shift in the way the world views hydrogen-powered electric vehicles. And it’s only the beginning.