Developing Clean and Secure Energy Through Hydrogen Fuel
Today's Presidential Action
Today In Washington, D.C., President Bush Visited The First
North American Retail Hydrogen And Gasoline Fueling Station.
The President has promoted greater energy security through the
development of new, clean, and domestically available fuels like
hydrogen.
Background: Greater Energy Security Through Clean Hydrogen
Technologies
Hydrogen Can Provide Long-Term Energy Security Through Use Of
Diverse Domestic Resources. The President's Hydrogen Fuel
Initiative and the FreedomCAR partnership will reduce America's need for
imported oil and help clean the air by aiding the development of
hydrogen fuel cells and affordable hydrogen-powered cars. Together,
these two initiatives constitute a commitment of $1.7 billion over five
years.
- A New Infrastructure Is Needed To Support Hydrogen-Powered
Cars. Two years ago, the President launched his Hydrogen Fuel
Initiative to help develop the technology necessary for infrastructure
to produce, store, and distribute hydrogen for use in fuel-cell
vehicles. Hydrogen can be produced from domestic fossil, nuclear, or
renewable resources.
- With Hydrogen Fuel, A Zero-Emission Car Is Possible.
The President's hydrogen initiatives promote development of
technologies that will lead to safe and affordable hydrogen-powered
fuel-cell vehicles that would emit water vapor instead of exhaust
fumes.
Turning Hydrogen Fuel Into A Reality. Over the past
two years, the Department of Energy and its partners in the FreedomCAR
and Hydrogen Fuel Initiatives have made tremendous progress toward the
President's goal of enabling today's children to take their future
driver's tests in completely pollution-free cars.
- The President's Initiative Has Helped Lower The Cost Of
Fuel Cells. Federal funding for research has helped develop
new technologies that have reduced the cost of automotive fuel cells
purchased in high-volume by more than 25 percent over just the past
three years. Though more work is needed, this brings America closer to
its goal of making fuel cells cost-competitive.
- Hydrogen Fuel Has Become More Affordable. New
technology has contributed to a reduction in the cost of natural
gas-based hydrogen production from $5.00 per gallon in 2003 to $3.60
today.
- More Than $440 Million In Federal Funding Has Been Awarded
For Research. To bring hydrogen fuel-cell technology from the
laboratory to the showroom, the government is funding research and
development projects designed to overcome critical technology barriers
in the production, transportation, storage, and use of hydrogen.
- New Projects Totaling $64 Million In Federal Funding
Announced Today. Over 70 projects at universities and federal
laboratories have been selected to conduct basic research in support
of the hydrogen economy.
- New Partners Have Joined The President's Hydrogen Fuel
Initiatives. Five major energy companies have joined as
partners in the FreedomCAR and Hydrogen Fuel Initiatives, which will
help identify and prioritize the research needed to overcome the
technical and economic barriers of developing hydrogen fuel
infrastructure and fuel-cell vehicle technologies.
- The United States Has Organized Support From Around The
World For Hydrogen Technology. Sixteen nations and the
European Commission have joined the U.S.-initiated International
Partnership for The Hydrogen Economy, an international effort to
collaborate on hydrogen research and establish global codes and
standards necessary for all countries to realize competitively priced
hydrogen vehicles and fueling infrastructure by 2020.