The unstable global political and economic environment has led to countless energy problems experienced not only by the United States, but also the rest of the world. As a result, many people advocate greater reliance on alternative energy sources such as solar and wind power, biofuels and fuel cells.
Potential for Expansion
Nowadays, the world is experiencing serious energy security issues based on political conflicts. Most of the countries are highly dependent on imported energy sources, usually from unstable developing economies. Other than that, there are economic issues (the average price for a gallon of regular gasoline is surging to $4) and raised environmental concerns (reducing green house emissions), which open a window of opportunity for profitable investment in alternative energy sources. It is just a matter of time renewable energy to substantially increase its contribution to the overall energy supply.
Hydrogen fuel cells generate electric power that is completely free of carbon. Thus hydrogen is considered a clean fuel. It produces only water vapor and oxygen when it is burned in a fuel cell. Getting green electricity is cost-intensive and considering current and future energ consumption, fuel cells electricity is going to be challenging. Following technological and economic development, further encouraged by unfavorable geopolitically sensitive dependencies and economic feasibility, fuel cells have enormous potential.
Nevertheless its wide range of application such as electrical toys and mobile powered marine units, hydrogen is mainly use in automobile industry. Fuel cells cars that generate electricity from hydrogen are relatively modern invention. Unlike traditional vehicles, hybrid cars are powered by fuel cells inside which a chemical reaction converts the fuel energy into electricity. Fuel cells work like batteries that are charged by hydrogen fuel. Even though, hydrogen is so widespread and there is a variety of sources (water, fossil fuels) from which it could be derived, pure hydrogen is still quite difficult to obtain. Based on the fact that one of the potential sources of hydrogen is the abundant lifeblood on the planet- water, fuel cells are touted as the wave of the future. Since the beginning of 2011, high gas prices work in favor of hybrid cars. The list of new hybrids heading to the market is getting longer with the speed of a roller-coaster riding. On the road are Toyota Prius Wagon, Infinity M35h Hybrid, Lexus CT 200h, Hyundai Sonata Hybrid, and many others. Undoubtedly, fuel-cell powered transportation is going to be the key to a fossil-independent energy future. The projections are that over 30 percent of the European and American population will drive electric or hybrid cars by 2020.
The transition to a low carbon economy is a reality. Fuel cells have a great growth potential and could be a perfect addition to your diversified portfolio. For additional information on this and related topics, check out the free report on The Best Alternative Energy Stocks to Buy Now by Elliott Gue.