Adoption of new technology can be helped by government incentives. However, with a substitute technology like fuel cells, mass adoption is driven by value - same or better performance and convenience at a superior price to existing technology. Stuart can enable increased adoption of hydrogen technologies by providing a practical, convenient, low cost, plug and play infrastructure for hydrogen fueling. There is no infrastructure problem - we have an affordable and practical solution today for meeting needs for hydrogen fuel. Furthermore, we have partners to implement infrastructure solutions when they are needed.
Deregulation is good for the future of electrolysis.
We have demand for power that is interruptible. The electricity that is used to make hydrogen can be sourced off-peak to lower the cost of hydrogen. Electricity price variations also enable arbitrage solutions based on hydrogen. We are currently partnering with BC Hydro to examine and develop an electrolysis based hydrogen vehicle infrastructure project. Most of the world's hydrogen is produced from natural gas and other fossil fuels.