Blue Green Energy, Inc. believes that the United States is moving towards and will continue moving towards alternative fuel sources including hydrogen. We believe that in the next couple of decades the gas stations that you see on every corner will be a thing of the past. The world is moving away from fossil fuels and significant investments are being made in green technologies. Funds from auto and trucking manufacturers as well as State and Federal grants are powering what will surely be the blue chips of tomorrow. Blue Green Energy, Inc. is situated at the forefront of this movement, and we believe that we have a business model capable of becoming a billion-dollar energy company.
Despite our love for the internal combustion engine, cars and trucks are moving away from gasoline and diesel. It is only a matter of time before the sale of gas, diesel and LNG Internal Combustion Engine (ICE) cars are banned. In the U.K. that’s 2030, In California that’s 2035, and it is 2050 on a national level. Hybrid / Electric / and fuel cell are the vehicles of the future. The problem with Electric Vehicles (EV) is that they rely on power from an already overloaded grid. There are additional issues with battery recharge times, the weight of batteries, and the recycling of batteries. At present battery electric is not seen as a viable option for class 8 trucks. With their limited range, long recharging times, and reduced cargo capacity due to the additional battery weight – fuel cells are a better option. The lack of hydrogen fueling stations is what is limiting the adoption of the technology. Toyota and Hyundai sell H2 vehicles primarily in California. In addition to tax credits, Toyota offers a $25,000 rebate and $15,000 in hydrogen. It’s a great deal - just don’t try to drive your hydrogen car to Las Vegas. You’ll make it here, but you won’t make it back.
Blue Green Energy is solving this problem by building a green hydrogen refinery and filling station between Los Angeles and Las Vegas. Our facility will be the first in the U.S. to manufacture 100 percent green hydrogen using renewable energy sources. Our facility includes a 30-megawatt solar farm spanning 200 acres and over 100,000 panels. We will extract hydrogen from water using electrolysis. While this process requires a significant amount of power, we will have capacity of 8000 kilograms of hydrogen daily with a resale value of $85,000. We will be a zero-emission facility unlike 95% of the hydrogen in the United States that is made from “dirty” natural gas. Commercial solar installations at scale average $0.80 to $1.01 per watt putting our build cost at $30,000,000.
We have identified three suitable locations between Las Vegas and Los Angeles to build a green hydrogen refinery and fueling station - BGE will use its hydrogen fuel cells to generate electricity for rapid DC charging of electric vehicles. Unlike current charging stations that are installed at current gas stations, hotel parking lots, and shopping centers BG fueling, and travel centers will be built specifically to accommodate the time it takes to recharge a vehicle or to fill a truck with hydrogen. All our facilities will offer a comfortable waiting area out of the elements. Most facilities will have a convenience store and certain facilities will incorporate national food and coffee chains
