The U.S. market for hydrogen as a chemical constituent and as an energy source was valued at $22 billion in 2010. This market is expected to increase at a 3% compound annual growth rate (CAGR) to reach a value of $25.5 billion in 2015. The refining segment of the U.S. market was valued at $9 billion in 2010. This market is expected to increase at an 8.4% compound annual growth rate (CAGR) to reach a value of $13.5 billion in 2015.
Total world production of hydrogen as a chemical constituent and as an energy source was valued at $120 billion in 2010. This market is expected to increase at a 6.3% compound annual growth rate (CAGR) to reach a value of $163 billion in 2015.
(Source: http://www.reportlinker.com/p0461663/Hydrogen-as-a-Chemical-Constituent-and-as-an-Energy-Source.html)Market Segments
- H2 Generation Technologies/Methods
- H2 Storage and Distribution
- Users (Fuel cell companies, vehicular, military, weather balloons, etc
The Hydrogen Economy
Public Perception: “H2 Economy” = Automotive applications
- Technical obstacles (safety, storage, distribution) have been overcome to enable rapid deployment
- Adoption has been slower than anticipated
What must happen to commercialize automotive applications?
- Volume manufacturing, lower cost and increased reliability of H2 Fuel Cells
- Increased use of fuel cells by automakers
- New fuel distribution infrastructure (Bulk H2 production plants near dispersed customers, e.g. service stations.
Limited public awareness of substantial and growing pre-automotive markets being driven by early adopters
- H2 fuel cells for backup, portable and auxiliary power applications
- Deliver longer run times, lower emissions, cheaper operations than present batter, genset, diesel and other techniques.
How API/Alumifuel Impacts the Hydrogen Economy
Economics of supply and demand and push for ‘green’ energy are driving hydrogen industry to evolve on many scales for many applications
- Increased demand for pre-automotive fuel cells will decrease the cost of components and create viable supplier base for automotive fuel cells.
- Will lead to commercialization of automotive fuel cell applications by -2020
API in the forefront of transition to the hydrogen economy
- Our technology and products will help accelerate the transition
- Our Sweet Spot applications (backup, portable, auxilar and remote power) will facilitate increased usage and capability of hydrogen fuel cells.
- We will leverage our cheaper logistics chain to replace delivery of har to handle K cylinders for H2 Storage.
API/Alumifuel’s unique non-fuel cell applications will facilitate early market entry and solid source of revenue while fuel cell applications mature.
- Our superheated steam and H2 will drive turbines for UUVs and Auxiliary Power Units
- Our H2 Gas can easily inflate weather balloons
- Our Chemical reaction fuels flameless heaters
- API/Alumifuel has significant differentiators in performance, adaptability and cost effectiveness in our target market applications
- Common misconception that H2 gas is inherently volatile and unsafe
- H2 Gas is actually safer then gasoline and as safe as natural gas.
- When ignited, burns quickly with low heat, non-luminous highly directional flame
- Very unlikely to explode
1937 Hindenburg disaster is widely misunderstood
- No explosion and nobody aboard was kissed by an H2 fire.
- The 35% of people who died were killed by jumping or from burning diesel oil, cloth canoly and debris.
- The 65% of the people who survived rode the dirigible down with clear H2 Flames swirling around them harmlessly.