Hydrogen Fueling Opportunity
Hydrogen Fuel Cell vehicles are superior to other fuel alternatives - including battery electric vehicles
Long Haul and Public Transportation will lead Hydrogen Fuel Penetration
Hydrogen fuel vehicle sales expected to grow exponentially - USA is behind in number of fueling stations to support growth
Companies Invested in Hydrogen:
Alternative Fuel - 20,000 Battery Electric Fueling Stations - Less than 100 Hydrogen Fueling Stations #opportunity
Hydrogen Fueling stations is the MISSING infrastructure to drive vehicle growth and demand
Attractive Federal & California Carbon Credits Program
PowerTap’s model will provide for costs of modular construction to existing fueling stations in California
PowerTap’s Hydrogen Fueling Station allows fueling station operators to participate in California’s LCFS - generating revenue prior to the sale of Hydrogen Fuel
PowerTap Fuel provides Carbon Credits in addition to Fuel Margin - increased revenue
Long Haul Truck (Class 8) Fuel Comparison
Fuel Type (1) | Driving Range (Miles) | Fueling Time (Minutes) | Cost Per Mile (Cents) |
---|---|---|---|
CNG | 370 | 30 | 36.78 |
Diesel | 812 | 15 | 33.44 |
Battery Electric (2) | 400 | 480 | 37.5 |
Hydrogen | 900 | 30 | 15 |
* Greenhouse Gas Emissions
1)All fuel cost/mile numbers excludes incentives
2)No battery electric long haul trucks expected to due to economics and large battery needed for trucks
Hydrogen Vehicles
Hydrogen Cars
2014 - Hyundai Tucson FCEV
2015 - Toyota Mirai
2018 - Honda Clarity
2020 - BMW plans hydrogen cars
Hydrogen Trucks
2020 - Hyundai
2022/23 - Nikola Motors
2020 - Toyota Announced
2020 - Volvo/Daimler Announced
Audi H-Tron Quottro
Chevrolet Colorado ZH2
Honda Clarity Fuel Cell
Hyundai NEXO
Mercedes Banz GLC F-Cell
Nissan X-Trail
Toyota Mirai (FCV)
AC Transit Buses
SunLine Transit Buses
Hydrogen FCEV vs. Alternative Fuels
Hydrogen FCEV | BEV (TESLA) | Gas/Diesel | |
---|---|---|---|
Pollutant Emission | No emission | No emission | Lots of pollutant emissions |
Vehicles Lifecycle | > 10 years | Need to replace battery after several years use | Around 10 years |
Charging Time | 5-10 minutes | 1 hour plus | 5-10 minutes |
Fuel Costs | Inexpensive with fueling credits offered by vehicle manufacturers | Lower costs currently and no fueling incentives | Comparable to Hydrogen FCEV but no government incentives available |
Infrastructure | Limited, but the number of hydrogen stations is increasing. There are currently 40 stations in California A few strategically located refueling stations (e.g. at the ports and along the freight corridors) can satisfy most of the fuel cell truck refueling needs |
Limited high power stations (350Kw) for heavy duty vehicles 120Kw and under charging stations plentiful along west coast | Plentiful |
Types of Operations | - Near dock operation - Local operation - Regional operation |
Battery weight and range become significant concerns for regional and longer operations | - Near dock operation - Local operation - Regional operation |
Hydrogen Production Alternatives1
Technology | Onsite/Offsite Production | Cost of Production per kg | Key Raw Materials |
---|---|---|---|
Offsite SMR & CSD Compression, Storage & Delivery |
Offsite | $11.48 (Cost to station owner) |
Natural Gas |
Electrolysis (NEL) | Onsite | $11.152 | Electricity3 |
Onsite SMR Steam Methane Reformation PowerTap system |
Onsite | $3.502 | Renewable Natural Gas |
- Source: Levelized Cost of Production Calculated by EIN using data from “California Power-to-Gas and Power-to-Hydrogen Near-Term Business Case Evaluation” Eichman, Josh, Flores-Espino, Francisco, National Renewable Energy Laboratory, December 2016.
- Includes maintenance costs but excludes carbon credit benefits
- >60% of USA electricity generated from fossil fuels