Russia's achievements in producing energy using hydrogen created a lot of interest at the annual industrial fair in Hanover, Germany, said Boris Kuzyk, head of New Energy Projects, a Russian company involved in hydrogen generation.
Kuzyk said that the company's booth attracted energy experts from the United States, China, India, Europe, Canada and other countries from across the world. From their extensive research the Russian specialists believe their main task for the future is carrying out research and development and designing the end product, a hydrogen power plant, in cooperation with international partners, Kuzyk said.
He has high hopes for the future and believes that hydrogen could be used to generate electricity for homes and businesses, provide fuel for cars, river and sea vessels and aircraft, and also serve as an autonomous source of energy for the army. $quot;As of now, we have invested nearly $400 million [in the development of alternative power generation]$quot;, he said. $quot;We plan to invest $500 million more to reach the stage of the production of environmentally safe power units. After that, we will take our calculations to the government.$quot;
New Energy Projects is planning to take part in the World Energy Congress in Rome in November.