A World Energy Currency
Hydrogen is the most common element in the universe. Hydrogen can be produced with excess, off-peak renewable electricity and stored for use in industry, energy, or blending to reduce carbon content with some carbon-based fuels.
Within industrial demand, hydrogen has wide appeal as an ingredient for the production of commodities such as ammonia, methanol, gasoline and other compounds. Steel production, semiconductor, and many other manufacturing processes also require hydrogen as an elemental component. Hydrogen generation can be at the core of chemical systems, or industrial processes that reduce, compliment or mitigate the need for hydrocarbons.
Hydrogen can be used in both industrial and energy systems. Hydrogen energy can be stored onboard a vehicle and consumed when and where the user wishes the energy to be converted to power to fuel their trains, trucks, cars, buses, and ships. Utilizing this technology has the potential to greatly de-carbonize fuel supply. Due to hydrogen’s very high energy-mass density, it’s better suited than many other technologies to fuel zero-emission transport. Such systems provide a sustainable pathway towards a low carbon-use world.
Hydrogen can also be used to supplement and lower carbon content – or replace of existing fuels. It can be blended with natural gas in existing infrastructures with existing consumers. Additionally, hydrogen provides a pathway to displace commodity fuels with a carbon-free alternative which can be economically optimized with a minimal environmental footprint.
These hydrogen-based systems span the world and are adopted in many sectors. Hydrogen has the potential to utilize off-peak, wasted, or by-passed green electricity when it is available and connect it to applications that are traditionally difficult to make environmentally friendly.
The International Energy Agency (IEA) founded in 1974 has recognized the potential for hydrogen to become a globally relevant world energy currency. Originally established as an autonomous intergovernmental organization to address the 1973-1974 oil crisis, today the IEA acts to prevent similar events from reoccurring. In 1977, the Hydrogen Implementing Agreement was established and signed by a number of IEA member states and industry leaders such as Alexander K. Stuart to pursue collaborative hydrogen research and development. The IEA envisions “a hydrogen future based on a clear sustainable energy supply of global proportions that plays a key role in all sectors of the economy”.
Since 1905 the Stuart Family has been working to implement this vision and it is Hydrogen Optimized’s task to continue this work.