CNN has a story of a deal between General Motors and the Department of Energy.
General Motors Corp. Wednesday said it signed an $88 million deal with the Department of Energy to build a fleet of 40 hydrogen fuel cell vehicles and further develop the technology.
Admittedly, math was never my strong suit. Is the government paying $2.2 million dollars for each fuel cell vehicle?
I have envisioned distributed solar collectors, the power from which is used to split water into hydrogen and oxygen and the hydrogen stored for future use. And, I would admit that automating the transfer of the stored hydrogen to easily used fuel cells presents an engineering challenge. Still, $2.2 million per vehicle? Yowser, belly-up to the trough, boys.
On the other hand, it is difficult to imagine Big Oil is happy with such development. So, does that mean that once the money is spent, the project ultimately fails?
A few clicks on the dashboard odometer later…
DOE is sharing the wealth. Daimler-Chrysler gets to make some of these million-dollar wagons, too.
Some ergs later…
Although China’s in an experimental mood, innovations are hard to finance. The Aspire bobbles toward Shanghai’s Formula 1 track, past Toyota’s Prius, Volvo’s lozenge-shaped 3CC concept car, and the Mercedes-Benz A-Class F-Cell, which has its magnificent fuel cell guts jammed into a frumpy hatchback. The team from Wuhan is taking on the big guys with two goofy Aspires made for a total of $60,000. — “China’s Next Cultural revolution”
Help me out with the math, people, $2.2M v $30K? Hm, it must be the accessory packages.
Many million of barrels of oil later…
Hmm, I see now why Perdue Farms has resisted jumping on the guts-to-oil bandwagon.