Mr. Fairlie: Stuart Energy is a hydrogen energy solution company that specializes in the design and manufacture of hydrogen production systems based on electrolysis and the integration of those systems in three key areas: industrial products for industrial gas supplies ' these are gas supply systems meeting customer requirements in industrial applications; in transportation applications, vehicle fueling stations ' that being hydrogen light duty vehicles, as well as bus fueling stations ' there are a number of those in the field; and also in stationary power, where hydrogen produced electrolytically can be used for electricity storage and then regenerated back to electricity through a fuel cell or internal combustion engine. Such applications range from backup power systems to peak saving energy storage for renewable systems, such as wind and solar, which are being contemplated.
TWST: As you look at these markets, is the industrial the biggest one at
this point?
Mr. Fairlie: The industrial market is the market that is here today, so
it's the one that generates revenue today, although the other markets
are coming along very quickly. In transportation, as you probably know,
there's a lot of interest in fuel cells and increasing interest in using
hydrogen in fuel cells on vehicles. This really brings forward something
that the company has been positioning itself for, for some time, which
is, how are you going to fuel these hydrogen fuel cell vehicles,
particularly in the early days? The technology that we have and the
approach that we have of packaged hydrogen fuel appliances, as we call
them, that are onsite hydrogen generators that convert electricity and
water to high-pressure hydrogen gas for fuel for these vehicles, is
really the near-term pathway to getting these vehicles on the road. We
have a number of demonstrations going on and increasing interest from
auto industries to provide them with fueling systems for their
demonstration fleets. We expect that's going to carry right over into
the early implementation and penetration of these vehicles into the
marketplace.
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