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The Growth of Hydrogen in the 21st Century

The Growth of Hydrogen in the 21st Century

Author: Marketscale/Friday, August 26, 2016/Categories: IPP News

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Is hydrogen going mainstream? This is a question many individuals are asking today. But why? In 1999, Iceland announced its decision to transition to the first-ever hydrogen-based economy. Now, less than 20 year later, numerous nations are following its lead. The ongoing popularity of hydrogen has benefits. Many companies are finding ways to use the substance in order to expand their business while making better products for their customers.

Individuals all over the nation currently have a growing interest in fuel cell vehicles (FCVs). Hyundai Motor Co., for example, pledged to release 1,000 of its Tucson fuel cell units globally by the year 2015, and there are several more automakers who are aiming to release fuel cell cares by the year 2017. If this project is successful, it could ignite a dramatic change in the history of the automobile industry. According to an analysis by the University of California, Davis, “The hydrogen infrastructure business will be self-sustaining once there's demand from 50,000-100,000 vehicles, which could happen by the end of the decade.” 

Hydrogen has grown to become an important asset to individuals in today’s economy.  

“Hydrogen is one of the keys to a new energy economy that relies on solar and wind power rather than fossils,” according to Worldwatch Institute emeritus president Chris Flavin. “Private and public investment in hydrogen technology should be increased substantially. But in the next few years, the largest reductions in old demand and greenhouse gas emissions will come from improved fuel economy and biofuels – both of which are fully competitive today.” 

The automobile industry will more than likely be greatly affected by the position that hydrogen has taken. During the next year, FCVs will start to roll out in California, where the state has set a target to put 1.5 million zero-emissions vehicles on the road by the year 2035. In May, the California Energy Commission (CEC) announced that it will be investing $46.6 million to build an additional 28 fueling sites, according to a recent piece published by Scientific American. Several governments and car companies are betting on hydrogen to be the clean transportation fuel of the future because there are several benefits of using the substance, including FCVs bringing tailpipe emissions down to zero.

In addition, there are several other uses of hydrogen, including reducing metallic ore, acting as a rotor coolant for electrical generators, producing methanol, making fertilizers and preparing food. Needless to say, the use of hydrogen is on the rise and there is no better time than now to get involved in the hydrogen production. 

Throughout the nation, the use of hydrogen among individuals continues to grow.  This substance has become popular within the automotive industry as well as within the food industry. In addition to buying complete process plants for reuse and individual pieces of process equipment, IPPE also works within active plants during complete plant closures in order to ensure a smooth transition. 

If you have an interest in breaking into this expanding market, we at IPPE would be glad to assist you with your project. We know that closing a plant can involve filling out an enormous amount of paperwork. It can be time-consuming and/or cost a substantial amount of money. Therefore, we will take on the responsibility of closing your process plant and pay you for allowing us to take on the complex project. 

Why are we qualified to take on this type of project?

IPPE has been in business for nearly 40 years and has grown to be a global company based in the U.S. with international offices, subsidiaries, and affiliated companies located in Argentina, Australia, China, Czech Republic, France, Germany, India, Italy, Poland, Portugal, Romania, Taiwan, Turkey, and the United Kingdom. Our business model includes buying the plant, process units, and systems to be reinstalled in another location. It also includes handling process systems and equipment with future use restrictions. We are successful because we know our products, and we know how to service our clients. Each is satisfied with the end results of their completed project, without fail.

If you are looking for experts to assist you with starting your hydrogen business, contact us today! 

For more information on our products and/or services, visit our website at ippe.com or contact us directly at 609.586.8004.

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