Anchored in years of interest by the principals of FC Renew in hydrogen fuel cell technology and in the potential of providing the rquivalent of an "oil change" for hydrogen fuel cells, the principal founder of the firm snotes that fuel cells in commercially available passenger vehicles have a durability of around 5,000 hours - about 150,000 miles on the road. Currently the entire industry is focused on heavy-duty applications - trucks and ships - to transport goods around the county. In this context, fuel cells areindicated as needing advancements capable of keeping these trucks on the road for 30,000 hours or 1.2 million miles. FC Renew is indicated as developing a chemical process capable of enabling lower-cost, long-life hydrogen fuel cells that w/could, in turn, help to accelerate the electrification of essential hardware and systems for defense and commercial use. Hydrogen fuel cells are the best candidate to replace fossil fuels for transportation, Stuckey says. For renewable technology, we are the only ones taking this approach, so we are at the forefront. Going forward, he is excited about FC Renews prospects from several perspectives. One is California, frequently a bell weather for technology breakthroughs. More than 20,000 fuel cell vehicles are sold there each year. Another is a recent $8 billion initiative from the U.S. Department of Energy. The federal agency received concept papers for the program to create Regional Clean Hydrogen Hubs (H2Hubs) that were funded under the Infrastructure Investment and Jobs Act. The goal of the program is to catalyze investment in the development of H2Hubs that demonstrate the production, processing, delivery, storage, and end-use of clean hydrogen. Stuckey says FC Renew is well-positioned for what is coming.
