DaimlerChrysler, EcoEnergy Ltd., Norsk Hydro, and Royal Dutch/Shell Group are jointly investigating the potential to replace fossil fuels in Iceland with hydrogen, creating the world’s first “hydrogen economy.”
The initial $1 million investment will test hydrogen-burning fuel cells that can replace gasoline-power in motor vehicles. Ultimately the goal is to convert public and private transportation sectors, including fishing vessels, in a country where 67 percent of energy consumption is supplied by hydro- and geothermal sources, the highest percentage share from renewables among OECD countries.
Sustainable Energy Coalition Weekly Update: kbossong@cais.com
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