Monday, September 25, 2006

What Happened to Hydrogen?

Fuel-cells were supposed to be the key to U.S. energy independence. The fuel cell was first popularized in the 1960's for use in the U.S. space program, since fuel cells can supply electricity and drinking water from hydrogen and oxygen rocket fuel. As usual, wikipedia has a good overview of the fuel cell. Though General Motors had committed $1 billion to developing a fuel cell vehicle, it seems Tesla Motors would contend that electric cars are a better solution. See Tesla's presentation with a comparison of alterate fuel technologies here. GM recently made the apparently quiet announcement that it is undertaking a "moon-shot" effort to mass produce fuel cell vehicles, possibly by 2011. One fuell cell company, Hydrogenics (HYGS) has reflected the current hype by recently trading at an all time low. I used to own Hydrogenics but got out when the "Hydrogen Economy" failed to emerge. I bought that book along with "Dow 40,000". Awesome reading :).

My historical fuel-cell stock trading strategy. hehe.

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