A few facts and comparisons of other energy generation processes.
The lowest known cost method of hydrogen production is natural gas
steam reforming. The cost for one kilogram of hydrogen using this
method is $3.57, which is not significantly lower than standard
gasoline. To encourage movement toward hydrogen usage, we must develop
technologies whose cost is significantly lower than traditional energy
generation methods.
Cost Using Global Hydrogen's Process
Energy Source
|
Cost of Base Energy
|
Cost of 1 kg of Hydrogen
|
Wind, Nuclear, Solar
|
3 cents
|
$1.24 |
| Industrial |
6 cents
|
$2.47 |
Residential
|
8 cents
|
$3.29 |
Now consider the ramifications for the general public. To travel 400 miles:
- Traditional gasoline - 16 gallons @ $4.00/gallon = $64.00
- Hydrogen - 9 kilograms @ $2.47/kg = $22.23
Hydrogen is already an emerging technology in the energy industry. We can make it less costly and more viable.