Hydrogen is the most common element in the universe and has been used safely in industry for decades.
Hydrogen is zero emission at the point of use. Transitioning from fossil fuels to hydrogen has the potential to dramatically improve energy independence on a global scale, as the ‘fuel’ is made from the most competitive local resource.
This makes it an optimal energy solution in locations that are disadvantaged by traditional supply chains.
Hydrogen-powered vehicles have the same benefits as electric vehicles (EVs), while eliminating many issues that its counterparts suffer from (e.g. limited range, long recharge times, and enormous battery weight).
The increasing penetration of EVs on roads and their electrical recharging requirements have placed an ever-increasing burden on electrical infrastructure. Conversely, an increasing penetration of fuel cell-powered EVs (FCEVs) continually improves the economics for hydrogen based zero emission transport.
Published in 2017, a McKinsey report, “Hydrogen, Scaling Up”, estimated that the hydrogen economy could generate more than US$2.5 trillion per year in revenue across the globe by 2050. The industry has progressed significantly faster than anticipated, so this number will prove to be conservative.
Safety is of the greatest importance to us at HYZON Motors and in order to best explain and dispel some of the common misconceptions about the safety of hydrogen, this article published by Hydrogen Fuel News lays it all bare.
Like all fuels, hydrogen needs to be managed properly, with the unique properties of hydrogen understood and considered in the design of hydrogen systems, such as our fuel cell technology.
We encourage reading Hydrogen safety: busting the myth that hydrogen is more dangerous than gas by Hydrogen Fuel News to learn more about hydrogen and the truth about its safety.