International Energy Agency (IEA) reported, in June 2014 – Countries must invest nearly $50 trillion to meet the world’s energy needs over the next 21 years. The agency, which advises industrialized nations on energy policy, said today’s annual global investment in energy supply of .6 trillion needs to rise steadily over the coming decades towards $2 trillion. On top of that, Global spending on energy efficiency needs to increase to $550 billion a year, the IEA added. The IEA said that around 80 percent of the upcoming bill would be for energy supply, including investment in fossil fuel extraction, transport and oil refining, spending on low-carbon technologies including renewables, nuclear and transmission and distribution. The remaining $8 trillion will go towards boosting energy efficiency.
While the world searches for an “Energy Miracle”, a researcher in Florida USA has made a discovery that changes the world of energy forever as we know it. What if energy supply cost could be reduced by 90%, fossil fuel extraction, transportation and oil refining was a thing of the past and traditional renewables and nuclear were not immediately needed? What if $30 to $40 trillion was not needed in global energy supply investment? H2GLOBAL ENERGY can do all of that and more.
We are proud to announce to the world this amazing break through in near carbon free energy production and use. Introducing H2Global Energy. Imagine a world where energy is created and used with a 97% reduction in CO2 emissions across all platforms of energy use. I’m talking Electricity Generation, including fossil and nuclear fueled applications, all forms of Transportation now using any form of hydrocarbon fuel, Industrial Heat Processes, Home and Commercial Heating, Cooling and Cooking.
Not only is this breakthrough energy capable of these CO2 reductions, it can be available in a supply chain already in place world wide. That means immediate CO2 reductions of 97% or more where nations begin using this energy source and the technology that makes it possible. The year 2050 goal of a 80% CO2 reduction by a few major nations can be a daunting task especially when when you get to a 30% reduction. Increases after 30% become very hard. Now imaging a 97% reduction from all nations beginning in just a few years and achieving that number not by 2050 but by 2025. It is possible with H2Global Energy. Truly a breakthrough technology.
Current tried and true infrastructures using carbon based fuel systems are currently at an unbelievable scale from long term development. Reinventing, redesigning or eliminating the electric grid, the internal combustion engine, energy storage and transportation infrastructures will not be necessary. Most will be changed very little and will evolve in use and size as they have in the past.
This is affordable energy with rapid adaptation, complete retrofit capabilities, replaces nuclear used in power generation and the fuel in the difficult to decarbonize, long haul trucking and airlines. It is now possible for affordable, reliable, decentralized, renewable, electricity systems and power grids. Off-grid households and communities can access affordable and reliable renewable electricity.
Instead of an increase in CO2 emissions as we inevitably consume more energy each year, CO2 emissions will drop dramatically as current and future energy consuming systems are converted to H2Global Energy.
Since this energy source and its basic deployment technology is already discovered, money earmarked for discovery can now go for R&D to develop application conversions and adaptations. All existing fossil fueled systems can be retrofitted at very low cost and future production of energy consuming systems can integrate this new energy source into their designs.
Non economical EV, intermittent wind and solar energy system as well as the subsidized industries associated with them will not be the answer for immediate global energy efficiency. Systems and designs that require unusual or unnecessarily high carbon foot prints to produce their products when compared to traditional designs will be marginalized. Toxic or rare material designs, especially those that require massive recycling of dangerous materials will be unnecessary.
This is a 24/7 sustainable energy source without high cost, without safety problems and without waste. Because this is an on-demand source of energy like liquid fuels, there is no off peak demand storage problem like wind and solar. In fact grid scale storage is already place worldwide today. With its broad adaptability this new energy form is applicable world wide replacing CO2 emitting uses for all of the future. It is now possible to reduce CO2 emissions by hundreds of million metric tons per year. We now can have low to no-carbon, near zero CO2 per kilowatt-hour electricity without a storage problem.
This dramatic change in energy use form not only ends the cumulative CO2 / greenhouse gas increases, it does so without major changes to existing infrastructures. This innovative energy source has a much lower per unit cost than our current hydrocarbon energy, has zero or near zero CO2 emissions and is more reliable, safer, non toxic and abundant.
While moving to this new energy form will cause disruptions in some current energy industries, their resources will still be needed in other products, future inventions and R&D. Their lower operating cost from lower inventory and capital investments may even generate higher profits per dollar invested for these established industries.
R&D, seed money and technical assistance into this new energy form should come from the private sector to speed its deployment. Governments can speed the regulatory requirements to bring this technology to the world in a timely manner.
The first workable passive automotive safety air bag system was patented in 1971 and brought to market 1972. Regulatory mandates were in place by 1975 and the rest is history. It does not need to be a decades long process to cut CO2 emissions with this new technology, especially one that is so universally adaptable. Private industry can easily refine and bring to market this energy source.