| HOUSTON--
Chevron Technology Ventures LLC has signed its first Cooperative Research
and Development Agreement (CRADA) with the U.S. Army's Tank and Automotive
Research, Development and Engineering Center (TARDEC) to further hydrogen
fueling technologies. This agreement is the first CRADA for the development
of hydrogen infrastructure technologies between a major international integrated
energy company or its subsidiary and TARDEC. It establishes a formal relationship
under which Chevron Technology Ventures and TARDEC can collaborate and
share knowledge and resources to install, test, evaluate and demonstrate
integrated hydrogen production and infrastructure technologies.
"The goal is to ensure that the potential
of hydrogen fueling technology is explored and can be applied where practical
in military and civilian applications as a new source of energy for transportation
and power needs," said Rick Zalesky, president of Chevron Technology Ventures'
Hydrogen business unit. TARDEC's expertise in the testing and evaluation
of vehicle platforms and fueling infrastructure provides an excellent testing
ground for this promising new technology and fuel."
Chevron Technology Ventures is researching
and demonstrating hydrogen energy stations which provide hydrogen for both
hydrogen-fueled fuel cells and internal combustion engine vehicle fleets,
and stationary power applications. Several additional hydrogen energy demonstration
projects will be in operation under previously announced programs with
the U.S. Department of Energy, the State of Florida, and the Alameda-Contra
Costa Transit Authority. The first station is currently operating in Southern
California and has the capability to provide hydrogen to a fleet of fuel
cell vehicles.
"We were particularly interested
in creating this CRADA because of the opportunities that hydrogen infrastructure
can provide at military facilities. Public/private collaborations such
as the U.S. Army and Chevron Technology Ventures are necessary to help
support this type of development," said Dennis Wend, Executive Director
of the TARDEC's National Automotive Center.
The Federal Government may enter
into a CRADA with industry, university, not-for-profit, as well as a state
or local governments. Under a CRADA arrangement, parties may contribute
people, equipment and facilities for the research and development of an
agreed upon objective.
Chevron Technology Ventures and TARDEC
will each fund their own contribution to this collaborative effort. Both
parties will contribute resources and expertise to the effort and share
the lessons learned under this agreement.
TARDEC and Chevron Technology Ventures
will next identify and develop appropriate technologies and projects for
collaboration, such as, a hydrogen energy station incorporating Chevron's
proprietary integrated hydrogen production technologies.
About Chevron Technology Ventures
Chevron Technology Ventures LLC,
a subsidiary of Chevron Corp., identifies, develops, and commercializes
emerging technologies and new energy systems that have the potential to
create economic value for the company. These include investments in hydrogen-related
technologies, advanced energy storage technologies, renewables, and nanomaterials.
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