McKinsey: European hydrogen infrastructure ’justified and doable’
Published on: November 10, 2010
A study by consultancy McKinsey and Company (see link below) launched November 8 found that installing a dedicated hydrogen infrastructure is “justified and doable”, with an initial infrastructure investment which is “relatively low”.
The report looked into a range of different vehicle powertrains.
It found that both fuel cell electric vehicles and battery electric vehicles could be cost-competitive with internal combustion engines vhielces by 2020.
The study found that costs for a hydrogen infrastructure are comparable to installing a charging infrastructure for battery-electric and plug-in hybrid electric vehicles.
Fuel cell electric vehicles received “high marks” in all three categories analysed in the report: performance, economics and environment.
The study said higher risk investments by first-movers can be greatly reduced when several companies invest, coordinated by governments, and supported by dedicated funding and legislation.
The study was sponsored by BMW AG, Daimler AG, Ford, General Motors LLC, Honda R&D, Hyundai Motor Company, Kia Motors Corporation, Nissan, Renault, Toyota Motor Corporation, Volkswagen, ENI, Galp, OMV, Shell Downstream, Total, EnBW Baden-Wuerttemberg AG, Vattenfall, Air Liquide, Air Products, The Linde Group, Intelligent Energy Holdings plc, Powertech, Nordex (a wind power company), ELT Elektrolyse Technik, Hydrogenics, Hydrogen Technologies, Proton Energy Systems the Europe Climate Foundation and European Fuel Cells and Hydrogen Joint Undertaking.
Source: The Hydrogen Journal
For Report See: Link
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