The Hydrogen Economy: Development and Implications.

The Hydrogen Economy: Development and Implications

The Hydrogen Economy: Major car manufacturing like Ford, General Motors, Toyota, and Daimler Chrysler are currently embarking on major investments in Hydrogen technology and forging alliances in the process with Shell, BP, and Exxon. Shell launched a new company in 2003- Shell Hydrogen- with an initial budget of $100 million. Buses powered by fuel cells are already in service in Chicago, Vancouver, and Oslo on an experimental basis. The hydrogen economy, an enlightened industry that would add to the reduction of energy emissions and consumption, as well as bringing new…