Department of Energy awards $825,000 grant to improve methods for safely storing and delivering hydrogen to power cars and electronics.
San Francisco, CA (November 10, 2005) - FST Energy, Inc. (http://www.fstenergy.com ), a hydrogen storage, transport, and distribution company, today announced receipt of a multi-year grant by the U.S. Department of Energy to develop methods that safely store and release hydrogen for commercial use. Expensive precautions and special handling have so far stifled hydrogen's widespread use as a fuel. Solving this storage and delivery problem will help propel the fuel cell market, one expected to grow to $13.6 billion by 2010 as petroleum costs and international energy consumption increase.
"This grant award demonstrates to business and industry leaders that FST Energy's research program has substantial merit and will help change the hydrogen storage and delivery marketplace," said Scott Redmond, FST's Chief Technology Officer. "Technology that safely holds and releases hydrogen at lower temperatures and in smaller housings will deliver superior operating efficiencies for all hydrogen sectors including industrial, commercial, and consumer," said Redmond.
The study, to be undertaken by FST in-house research staff, will evaluate methods that store hydrogen in a solid state using advanced metal hydride chemistry that absorbs hydrogen at ambient temperature and pressure levels.
The research will also evaluate specialized transportable containers that increase the efficiency of the chemistry, the safety of the hydrogen storage, and substantially reduce infrastructure needs for a domestic hydrogen delivery system.
Preliminary research shows that FST's patented storage system holds three times the amount of hydrogen than present-day cylinder storage methods. The technology eliminates the explosive nature of hydrogen-air mixtures providing for safer, lighter storage, and economical transport using existing carriers such as UPS and FedEX. The system can meet the needs of today's industrial gas user - a $3.3 billion dollar market - and is adaptable to developing automotive and portable electronics fuel cell applications.
About FST Energy, Inc.
FST Energy, Inc. is a start-up seeking seed funding and is committed to the development and commercialization of cost-effective, readily-transportable, safe and reliable energy technologies for the emerging Clean Technology industry. Through a flexible and scalable universal interface, FST's hydrogen energy products deliver commercial users with cost-effective solutions to meet their hydrogen storage and delivery needs. For more information, visit http://www.fstenergy.com or call 415-504-1020