The Senate briefing on ‘Building Markets for Hyrdogen and Fuel Cells: UK – US bridging Technology’ was told by the company’s chief executive Henri Winand: “Together, hydrogen and electricity have the potential to offer significant additional profit opportunities for national electricity and power generating companies, both in terms of reduced capital expenditure and increased energy efficiency.”
The briefing was organised in Washington DC by the National Hydrogen Association, the US Fuel Cell Council and the Methanol Institute.
During the session Mr Winand detailed various projects including the joint venture between Loughborough based Intelligent Energy with Scottish & Southern Energy to deliver small scale Combined Heat and Power systems for the light industrial, commercial and residential markets in the UK and Ireland.
Fuels cells are also being developed for motorcycles, hybrid cars and air transport.
He added that he believed the potential for the introduction of fuel cells was increasing due to fuel prices and issues over energy security.
A company spokesman said: “Hydrogen and electricity work best together when significant amounts of renewable electricity are introduced on to the grid, as is now the case.
“Hydrogen then acts as a buffer between intermittent renewable power generation and end consumer demand.”