Eden Hydrogen Inc. To Spur U.S. Hydrogen Economy
24 July 2008 - 8:00PM
Business Wire
Eden Energy Ltd (ASX:EDE) today announced the formation of Eden
Hydrogen Inc. to take a lead position in the emerging U.S. hydrogen
economy. The company is an integration of two Eden Energy U.S.
subsidiaries: Hythane Company of Denver, Colorado and HyRadix of
Des Plaines, Illinois. The new company will be headquartered in Des
Plaines, Illinois, just outside of Chicago. �Eden Hydrogen is a
milestone in our growing capacity to deliver integrated hydrogen
solutions to customers in the U.S. and globally,� said Greg
Solomon, Executive Chairman, Eden Energy Ltd. based in Perth,
Australia. �We have captured the hydrogen supply chain within a
single, efficient company.� Robert Gray has been named Chief
Executive Officer of Eden Hydrogen Inc. He was formerly Chief
Executive Officer of Eden Innovations Ltd. and a past president of
HyRadix. Roger Mamaro, President of Hythane Company, will lead
global operations and Dave Cepla, President of HyRadix, will lead
global sales and marketing for the new company. �As consumers in
the U.S. and around the world demand cost effective and clean
alternatives to petroleum, the market for hydrogen-based fuels and
technologies is rapidly expanding,� said Robert Gray, CEO, Eden
Hydrogen Inc. �Eden Hydrogen is uniquely positioned to provide
economical onsite hydrogen generation, delivery, and storage.�
Eden's announcement comes days after the release of a U.S.-backed
study, which recommends government funding of $55 billion over the
next 15 years to ensure that hydrogen vehicles become competitive
with petroleum-powered cars on U.S. roads. Hydrogen is seen by many
as the next great source of energy worldwide. Major automakers have
already introduced hydrogen fueled cars, and hydrogen power
generation provides heating, cooling, and electricity in a variety
of commercial settings. As concern about biofuels increases,
hydrogen presents a clean, abundant alternative energy source.
Hythane� is Eden Hydrogen�s patented, near zero emissions fuel
blend of hydrogen and natural gas with applications in
transportation and power generation. Hythane and its derivatives
are used in many parts of the U.S., Canada, and worldwide. HyRadix
is Eden�s line of hydrogen reformers for onsite hydrogen
generation. HyRadix technology has been used since 2004 at SunLine
Transit in Palm Desert, CA to power alternative fuel vehicles such
as HICE (hydrogen internal combustion engine) and Fuel Cell
vehicles. Eden Hydrogen Inc. is constructing the first public
hydrogen fueling station in India as part of that country�s
commitment to have at least 20% of its vehicles running on Hythane�
and other hydrogen-based fuels by 2020. The company has also
announced encouraging results from its test of power generation
units using a mix of Hythane� and petroleum diesel, including
significant cost and harmful emissions reductions. About Eden
Hydrogen Inc. Eden Hydrogen Inc., a U.S. subsidiary of Eden Energy
Ltd (ASX:EDE), is a diversified clean energy company providing
global hydrogen energy solutions. The company focuses on producing,
storing, and delivering hydrogen solutions for industrial and
consumer manufacturing processes, transportation fueling
applications, and onsite power generation. Hydrogen technologies
developed and marketed by Eden include HyRadix� on-site hydrogen
generation systems and supply solutions and Hythane�, a near zero
emissions alternative fuel. For more information, please visit
www.edenhydrogen.com or www.edenenergy.com.au. To view Eden
Energy�s eMedia Kit please visit:
http://www.ccapreview.com/clients/eden/mediakit/.
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