An Icelandic consortium, Vistorka hf. The joint venture, called the Icelandic Hydrogen and Fuel Cell Company Ltd., will test various applications using hydrogen or hydrogen carriers with fuel cells.
Fuel cells create their own electricity.
Oxygen from the air and hydrogen fuel are combined in a chemical reaction which produces electricity and water. Overall vehicle efficiency can be improved by 50 percent with no exhaust emissions. Each of the three other partners has equal rights and shares and already has expertise in this field. DaimlerChrysler has been developing the fuel cell technology for automobile applications since 1991 and plans to mass-market fuel cell vehicles by the middle of the coming decade. Norsk Hydro has a long history in the production of hydrogen and hydrogen carriers and the development of hydrogen systems.