Galt Global Review

QFS 360

January 25, 2006
business digest


UK & EU ROUNDUP
byJake Gosselin

Iceland Prepares to Quit Oil

Iceland has committed itself to the adoption of hydrogen energy in an attempt to eradicate oil from its economy. The little island country of 280,000 people intends to have all of its cars, buses, ships and airplanes converted to run on hydrogen fuel cells by the year 2030.

A hydrogen fuel cell creates electricity like a battery. Unlike a battery it doesn’t die as long as it has a constant supply of hydrogen.

The hydrogen fuel cell works by separating the two atoms in the hydrogen molecule; one proton and one electron. The proton is sucked through a membrane which does not allow the electron to pass through. In order to rejoin with the proton, the electron must travel through an external circuit. This process generates electricity. While the proton waits on the other side of the membrane it hooks up with an oxygen molecule before reuniting with its original electron. The final result of this electricity generating process is two hydrogen atoms and one oxygen atom, or H2O, or water.

There are three enormous advantages to using hydrogen over oil.

The first being that the chemical reaction in a hydrogen engine requires no combustion and consequently no pollution is produced. The product is absolutely benign water vapour as demonstrated by the astronauts on NASA’s space shuttle who drank the waste from their liquid hydrogen rockets.

The second advantage being that hydrogen is the most plentiful substance in the universe; consequently everyone would have unrestricted access to it.

The third advantage being that oil is a non-renewable resource and is likely to be completely depleted within decades.

The obstacles to switching over to hydrogen power, however, are significant as well.

The first and most obvious problem is that of switching over the entire energy infrastructure. Not only must vehicles be designed and created using hydrogen fuel cells but hydrogen fuel pumps would need to be plentiful. Especially since hydrogen vehicles are likely to be only able to run for 100-150 kilometres on a single tank.

The second major problem is that it requires energy to make hydrogen in the first place. This is partly why Iceland is the first to attempt the change over since it sits on top of an enormous energy supply in the form of volcanically heated underground lakes. Iceland will be able to make all of the hydrogen energy it will ever need.

Ideally, other countries that lack the geothermal advantage that Iceland has will be able to compensate with other sources of renewable energy, harnessing power from the sun, wind and oceans.

Still, the future looks promising, considering that several governments and large companies (even those primarily involved in oil-based energy) are funding hydrogen fuel research and development. California is installing hydrogen fuel pumps. Much of the European Union’s two billion Euros that have been set aside for three years of sustainable energy research is being put into studying hydrogen fuel applications. Next June will see the utilization of hydrogen powered buses throughout ten European cities, including Hamburg, Paris, Barcelona and Reykjavik. And Daimler Chrysler, Shell Hydrogen and Norsk Hydro are all helping to finance Iceland’s ambitious hydrogen venture.