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Technology Stocks : Energy Conversion Devices
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To: mred5x5 who wrote (7238)6/18/2003 3:24:45 PM
From: Krowbar  Read Replies (1) of 8393
 
Secretary Wants International Partners for Hydrogen Economy

U.S. Secretary of Energy Spencer Abraham has called on the European Commission (EC) to join the United States in forming what he called The International Partnership for the Hydrogen Economy. The Secretary issued the challenge Friday during his keynote to the EC's Conference of the High Level Group on Hydrogen and Fuel Cell (HLG-HFC)Technologies convening in Brussels. In 2002,HLG-HFC Technologies--a coalition of EC auto and transport companies, utilities research institutes, and policy makers--made advances in hydrogen a top priority. At the same time, U.S. President George Bush established the Hydrogen Fuel Initiative to develop hydrogen infrastructure and hydrogen fuel cell-powered vehicles and introduced the Freedom CAR program to develop automotive systems that use hydrogen fuel.

In his address the Secretary said an international partnership that includes devotion of substantial financial resources would make hydrogen power a viable energy source much more quickly, and told the conference, "We believe our work on hydrogen and the work being done elsewhere around the world is perhaps the most significant game- changing endeavor the energy sector will see in our lifetime."

<http://www.energy.gov/HQPress/releases03/junpr/pr03129.htm
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