Originally Posted By: HTSS_TR
Originally Posted By: Gasbuggy
Good. Honda took this route too. Guess they are stupid too.
Honda, Toyota, Mercedes-Benz and others started research fuel cell 2 decades ago, at that time only battery type available was lead acid and NiMH (Nickel Metal Hydride) later, it was not suitable for automotive. Actually, GM had lead acid batteries in their EV1 the first 2 years 1996-1997 then changed to NiMH (Nickel Metal Hydride) for 1998-1999.
When they already spent billions in R&D they just try to recoup some of that money.
No investors are willing to waste their money building hydrogen fueling stations, California have to spend taxpayer money for infrastructure.
Quote:
California Investing Nearly $50 Million in Hydrogen Refueling Stations
Accelerates construction of 28 new stations and one mobile refueler to boost statewide public network
Today's recommended awards will add 28 new stations to 9 existing and the 17 stations currently under development. These 54 hydrogen refueling stations represent significant progress towards meeting California's goal of establishing a 100-station network to support the full commercialization of fuel cell vehicles in California.
Award recipients:
Air Liquide Industrial US LP will receive $2,125,000 to construct a 100% renewable hydrogen refueling station in Palo Alto.
FirstElement Fuel, Inc. will receive $2,902,000 to construct two 100 percent renewable refueling stations in Los Angeles, and $24,667,000 for 17 stations in Campbell, Coalinga, Costa Mesa, Hayward, Laguna Niguel, Lake Forest, La Canada Flintridge, Long Beach, Mill Valley, San Diego, San Jose, Santa Barbara, Saratoga, South Pasadena, South San Francisco, Redwood City and Truckee.
HyGen Industries, LLC will receive $5,306,814 to construct three 100 percent renewable hydrogen refueling stations in Orange, Pacific Palisades and Rohnert Park.
Institute of Gas Technology will receive $999,677 for a mobile refueling unit.
ITM Power, Inc. will receive $2,125,000 to construct a station in Riverside.
Linde LLC will receive $4,250,000 to construct stations in Oakland and San Ramon.
Hydrogen Technology & Energy Corporation (HTEC) will receive $2,125,000 to construct a station in Woodside.
Ontario CNG Station Inc. will receive $2,125,000 to construct a station in Ontario.
http://www.energy.ca.gov/releases/2014_r..._awards_nr.html
Virtually California taxpayers pay for fueling stations, these companies just rip some profit if there is any.
When it comes to energy there will always be investors. Just because the first stations are built with wasted taxpayer dollars does not mean there will not be investors. Smart money doesn't show up to "help out". Investors aren't investing in infrastructure because it is stupid early into this program and will yield no profit.