The European Commission has launched a new fuel cells and hydrogen initiative. The Commission, and industry involved in the project, aim at ensuring that fuel cells and hydrogen become one of Europe's leading new strategic energy technologies.
Scenario analysis, undertaken in the EU-funded project HyWAYS, indicates that hydrogen, if introduced with suitable policy measures, could reduce the total oil consumption by the road transport sector by 40% between now and 2050. According to HyWAYS, comparing overall spending for hydrogen production, supply and vehicles with the savings to be gained from replacing conventional fuel and conventional vehicles over time, the break-even point could be most likely reached between 2025 and 2035
For full article please click here
