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Sunday, February 21, 2010 7:57:58 PM
Int13 that is a great question, I saw the segment on "Bloom Boxes" on 60 Minutes and your question reminded me of an e-mail I posted on 2/05/10! I think it would be best to ask your question to the CEO of ARSC, Frank Neukomm, but in the meantime here is that e-mail response I recieved from Frank;
Hydra's fuel cells are designed for the "grid" replacement market. We are aiming at residences and commercial establishments to replace commercial power at the location where it is used, the home or business. The user draws hydrogen from natural gas or propane, which is available at 70% of the homes and businesses in the US, and generates all the electricity he needs. Excess electricity can then be sold back to the grid for an income stream to the fuel cell owner.
Many billions of dollars have been spent to create fuel cells for transportation with minimal success. We are not interested in doing that. The market we are pursuing is untapped and within our reach. Penetrating the grid replacement market is a billion dollar business soon and for years to come. This will make a significant difference in America's energy equation because of the efficiency of generating power where it is used, thereby eliminating the significant losses caused in the transmission grid.
To the extent that one has an electric vehicle, the electricity to charge it can come from a HydraStax(R) 5000 fuel cell.
Thanks for being a shareholder.
Frank Neukomm
CEO
GLTU,h2h
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