As oil consumption patterns are targeted for change, the market turns towards innovators who are getting behind the wheel to produce new energy solutions. With the growing level of support of alternative transportation technology steadily gaining momentum from a corporate, government and consumer level, innovations such as cleaner fuel sources, and energy efficient automotive technology continue to result. Working to build on the emerging clean energy opportunities in the transportation market are technology providers such as ZAP (AMEX: ZP), DynaMotive Energy Systems Corporation (OTCBB: DYMTF), Alchemy Enterprises (OTCBB: ACHM), DaimlerChrysler (NYSE: DCX), and Honda Motor Co. Ltd (NYSE: HMC).
Reducing our dependence on foreign oil has placed the use of alternative transportation models into the limelight. In light of the current market environment, Steven Schneider, Chief Executive Officer and Director of ZAP (Zero Air Pollution) (NYSEArca: ZP) explains, “Anyone that is producing an alternative energy vehicle at this moment in time is certainly in a sweet spot. The concern over fuel prices and oil, combined with environmental issues, global warming and all types of weather conditions and climate change, including the unrest in the Middle East, has put so much focus on companies who are coming up with another solution.”
Alchemy Enterprises, Ltd. (OTCBB: ACHM) is developing a magnesium based Electric Power Cell that will be able to provide power for vehicles using reusable, renewable materials. Alchemy’s CEO Jonathan Read explains, “Our objective is a fuel system that is clean, renewable and reusable. Instead of highly pressurized and leak prone hydrogen systems, our system provides power on demand – hydrogen on demand – and is a model for sustainable affordable long-term power systems.”
Hybrid alternatives and biofuel products have moved into the spotlight as support continues for alternatives to traditional combustion engines. Nick Cappa, Manager of Advanced Technology Communications for DaimlerChrysler (NYSE: DCX) says, “At this point there is no silver bullet for reducing our dependency on foreign oil. Hybrids will play a role but how significant a role depends on the customer. The premium for a hybrid must meet expectations.”
Speaking on how DynaMotive Energy Systems Corporation’s biofuel product, BioOil, can be applied in the future to various methods of transport, Andrew Kingston President and CEO states, “We’ve successfully converted BioOil to synthetic gas, with the objective to establish that syngas can be further reformed to synthetic diesel. Synthetic diesel can be used as transport fuel in diesel engines without modification, including automobiles, trucks and buses.”
Looking to new directions within the transportation arena, Chris Martin, spokesperson for Honda Motor Co. Ltd. (NYSE: HMC) describes that progress made in the hybrid market has been, “a slow evolution over time.” With respect to the company’s natural gas Civic GX, Martin says, “the infrastructure to refuel your natural gas vehicle is already in place, because many American homes are already supplied with natural gas.”
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