| ALEXANDRIA,
Va.--The U.S. Department of Energy presented H2Gen Innovations, Inc.
with a "DOE Hydrogen Program R&D Award" at its annual Hydrogen Peer
Review Meeting in Crystal City, Virginia, on May 16. This award, "In recognition
of Outstanding Achievement in Technology Innovation," stems from H2Gen's
development of hydrogen generation technology that is expected to meet
the DOE hydrogen cost target of $2.50/gallon of gasoline on an energy equivalent
basis by 2010.
Arlene Anderson, Technology Development
Manager for DOE's Distributed Reforming Project and the H2Gen contract,
in presenting this award, said, "We want to recognize H2Gen for the amazing
progress they have made over the past year in developing the HGM-10,000
and for the degree to which they share information and open their facility
providing outreach on hydrogen production technology."
H2Gen manufactures and sells hydrogen
generators that convert natural gas to hydrogen at the point of use, eliminating
the high cost of transporting hydrogen, and eliminating the need for installing
a hydrogen pipeline system. DOE awarded a multi-year, cost-shared contract
to H2Gen in 2005 to scale up their generator and also to reduce equipment
costs so that hydrogen could be produced at a gas station, and, when utilized
in a fuel cell vehicle, result in a cost per mile driven that would be
no more than a conventional gasoline vehicle. The DOE contract also funds
experimental work to produce hydrogen from ethanol, opening up the potential
of low-cost renewable hydrogen for fuel cell vehicles.
The DOE technology award was received
on behalf of H2Gen at the annual DOE awards luncheon by Dr. C.E. (Sandy)
Thomas, President, and Dr. Frank Lomax, Chief Technology Officer, Principal
Investigator on the DOE contract, and primary inventor of the H2Gen reformer
and gas cleanup systems.
"I am very proud of the entire H2Gen
team," said Dr. Thomas. "We have demonstrated the efficacy of on-site hydrogen
production for industrial purposes with our existing HGM-2000 product that
is now in commercial use. We very much appreciate the assistance of the
Department of Energy in developing the next generation of natural gas reformer
that will further drive down the cost of hydrogen for vehicle fueling applications,
and we are pleased to be the recipient of the 2007 DOE Hydrogen Program
R&D Award in the hydrogen production category."
About H2Gen Innovations, Inc.
H2Gen of Alexandria, Virginia, is
a privately held company that designs, manufactures and markets low-cost
on-site hydrogen generators and gas purification plants.
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