POINT ROBERTS, Wash. --- Global companies ZAP, DaimlerChrysler, Alchemy Enterprises, Honda Motor and DynaMotive Energy Systems Corp. offer their perspectives on renewable and alternative energy technology in a new report released by www.RenewableEnergyStocks.com (RES).
Reducing dependence on foreign oil has placed the use of alternative transportation models into the limelight. Steven Schneider, CEO and director of ZAP (Zero Air Pollution), explains: "Anyone that is producing an alternative energy vehicle at this moment in time is certainly in a sweet spot. The concern over fuel prices and oil, combined with environmental issues, global warming and all types of weather conditions and climate change, including the unrest in the Middle East, has put so much focus on companies who are coming up with another solution."
Alchemy Enterprises Ltd. is developing a magnesium-based electric power cell to provide power for vehicles using reusable, renewable materials. Alchemy CEO Jonathan Read explains: "Our objective is a fuel system that is clean, renewable and reusable. Instead of highly pressurized and leak-prone hydrogen systems, our system provides power on demand -- hydrogen on demand -- and is a model for sustainable affordable long-term power systems."
Hybrid alternatives and biofuel products have moved into the spotlight as support continues for alternatives to traditional combustion engines. Nick Cappa, manager of Advanced Technology Communications for DaimlerChrysler, says: "At this point there is no silver bullet for reducing our dependency on foreign oil. Hybrids will play a role but how significant a role depends on the customer. The premium for a hybrid must meet expectations."
DynaMotive Energy Systems Corp.'s biofuel product, BioOil, can be applied in the future to various methods of transport. Andrew Kingston, president and CEO, explains: "We've successfully converted BioOil to synthetic gas, with the objective to establish that syngas can be further reformed to synthetic diesel. Synthetic diesel can be used as transport fuel in diesel engines without modification, including automobiles, trucks and buses."
Looking to new directions within the transportation arena, Honda spokesman Chris Martin notes that hybrid market progress has been "a slow evolution over time." With respect to the company's natural gas Civic GX, Martin says: "The infrastructure to refuel your natural gas vehicle is already in place because many American homes are already supplied with natural gas."
Originally posted on Fleet Financials