Japan hopes to have 800,000 hydrogen-powered vehicles sold by 2030. Hydrogen-powered buses can drive over 310 miles on a full tank, while EV buses are limited to a range of 124 miles.
By giving people reliability and convenience, Standard H2 is helping automobiles, buses, heavy transport, and trains accelerate the transition from fossil fuels while significantly reducing the world's CO2 emissions. Conventional 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 stations by 2025.
Hydrogen fueling stations charge as much as $16 per kilogram. As a result, consumers pay nearly $100 to fill up a six-kilogram fuel tank with hydrogen.
With Standard H2's low-cost processes, we're targeting $4 per kilogram
According to JP Morgan, the world can expect to have 25 million hybrid-electric vehicles by 2025, and 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.
In addition to the automotive and other transportation industries, hydrogen can provide 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 turbines.
In South Korea, the government has announced a "hydrogen model city" initiative to send clean electricity to offices and households.
The aviation industry is responsible for nearly 5% of global greenhouse gases.
With new electric-powered prop planes on the horizon, travel between the future cities 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.
Ocean gyres are growing garbage piles at an alarming rate, containing over five trillion particles of plastic. The obvious solution is to dispatch a fleet of ships to remove the waste materials. However, this introduces two major problems:
Standard H2 has a solution to clean up ocean gyres while addressing both of these dilemmas:
Hyundai's Nexo, 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 can travel 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 H2 will lead the dramatic shift in how the world views hydrogen-powered electric vehicles. And it's only the beginning.