This is an excerpt from EERE Network News, a weekly electronic newsletter.
President Bush Launches $1.2-Billion Fuel Cell Initiative
President Bush announced a $1.2-billion FreedomCAR and Fuel Initiative to develop hydrogen-powered fuel cells during his State of the Union speech on January 28th.
"A single chemical reaction between hydrogen and oxygen generates energy, which can be used to power a car-producing only water, not exhaust fumes," said President Bush. "With a new national commitment, our scientists and engineers will overcome obstacles to taking these cars from laboratory to showroom, so that the first car driven by a child born today could be powered by hydrogen, and pollution-free."
The FreedomCAR and Fuel Initiative will develop the technology needed for commercially viable hydrogen-powered fuel cells to power cars, trucks, homes and businesses. It will include $720 million in new funding over the next five years to develop the technologies and infrastructure needed to produce, store, and distribute hydrogen fuel. It complements the existing FreedomCAR initiative, which is developing technologies needed for the mass production of safe and affordable fuel cell vehicles.
Together, the two initiatives will invest $1.7 billion over the next five years to develop hydrogen-powered fuel cells, hydrogen infrastructure, and advanced automotive technologies. These initiatives will dramatically improve America's energy security by significantly reducing the need for imported oil. See the FreedomCAR and Fuel Initiative Web page, part of the new Web site for DOE's Hydrogen, Fuel Cells, and Infrastructure Technologies Program.