New report presents a comprehensive portrait of energy economy engaging in rapid shift from carbon-based economy to new sustainable modes of the future.
London (PRWEB) May 22, 2007 -- ABS Energy Research (http://www.absenergyresearch.com/), a leading analysis and research firm covering all aspects of the energy economy, announces their just completed report on the hydrogen economy. The comprehensive report covers multiple aspects of the emerging sustainable energy order. Many grand claims have been made for the future of hydrogen as an energy source. Are boosters full of hot air?
The global energy sector is on the cusp of immense change. The current carbon economy, produces about 80% of the world's energy supply and depends on fossil fuels, which are finite and which produce harmful emissions. This infrastructure has been developed over about two centuries, but in the next 50 years will give way to a whole different reality. No matter a person's views on global warming or the causes of climate change, everyone agrees that the environment is vital to our future. Currently, only 11% of the world's energy needs are supplied by renewable sources.
How are we to provide the huge amounts of energy we need in our modern lives in a clean and secure manner? Governments, scientists and companies have now allocated large R&D budgets to finding the answer. And now ABS has distilled the tremendous amount of information into a single report.
The "hydrogen economy", is an emerging sustainable energy supply system featuring electricity and hydrogen as dominant energy carriers. Supply of hydrogen is potentially limitless and clean. It is currently used in some industrial processes.
Developing the hydrogen economy depends on the development of fuel cells. Fuel cells utilise the chemical energy of hydrogen to produce electricity and thermal energy. A fuel cell is a quiet, clean source of energy. Water is the only by-product it emits if it uses hydrogen directly. There are a myriad of applications for the technology. In a hydrogen economy, vehicles are powered by Fuel Cells, akin to batteries, which produce electricity with the aid of hydrogen rather than gasoline. Hydrogen can be used for power stations, domestic use, electric and electronic appliances and transportation.
This report explains what the options for the new energy economy are and how they are progressing. Highlights of the report include:
- a summary of arguments for and against hydrogen development
- a potential time line for the emergence of hydrogen
- a glossary of fuel cell terms as well as a survey of international and corporate research programs
- a survey of emerging uses in transportation and in a range of industrial applications
ABS's report amounts to more than peering into the future. Hydrogen development is already beginning. The future is likely to see the emergence of a combination of existing and new technologies.
For information or to order the report, visit http://www.absenergyresearch.com/