"Hydrogain's mission is to boost ingenuity, investment and effort to meet U.S. energy needs," says Alan Jackson, Vice President. "By making hydrogen fuel accessible, practical and affordable, Hydrogain is providing the necessary technology for explosive change and growth as we transition from a fossil-fuel-based economy to the more highly developed hydrogen fuel economy."
Today's dependence on fossil-fuel-based energy and foreign resources puts the United States and other world economies at a disadvantage as supply grows increasingly more expensive and scarce. Hydrogain's involvement is in response to the federal government's commitment of upward of $1 billion for hydrogen fuel research and development, and the need to meet the current administration's bold targets and timetables.
To champion the cause, Hydrogain recently hired Gunter Schafer, a prominent mechanical design engineer. Schafer is recognized for his vital contributions to the hydrogen fuel industry and has over 45 patents to his credit for his work in the international corporate sector.
Schafer is acknowledged for numerous breakthroughs, with special accolades for his innovative work at Plug Power, Inc., a hydrogen fuel cell manufacturer based in Latham, NY. While at Plug Power, Schafer customized a recreational vehicle to accommodate a hydrogen-powered electric generator. The generator was used to power the vehicle's appliances cross-country on a national tour while demonstrating the practical use of alternative fuel sources. Schafer's contributions to Plug Power triggered a major jump in the company's market value. The company had an IPO (Initial Public Offering) that opened at $15 a share and went to a high of $156 a share within 10 weeks of the IPO.
Schafer's efforts at Hydrogain Technologies will be equally aggressive, focusing on the advancement of hydrogen fuel production that is designed to revolutionize transportation systems and significantly reduce U.S. dependence on foreign oil.
"We foresee Gunter's role at Hydrogain to be that of catapulting hydrogen fuel technology into the next generation of economical, environmentally friendly fuel resource alternatives," states Jackson. "Our government has made hydrogen fuel research a top priority with commitments to rapidly advance the U.S. into a hydrogen economy. With Gunter's expertise, Hydrogain will be part of that evolution and expansion."
Teaming the private sector with government-funded programs helps ensure the advancement of hydrogen fuel as a viable source of energy that will transform society much the same way as the industrial and computer revolutions did.
Emphasis will be placed on applying hydrogen technology to on-site energy production that eliminates the need for fuel transportation, improving current storage methods and maintaining costs.
More information about Hydrogain and developments in
hydrogen fuel technology are online at
http://www.hydrogain.com or e-mail info@hydrogain.com.