RECO chief financial officer John Dunlop agrees.
Fuel cell cars are ostensibly emission-free, but figure in the reformation of natural gas, "and a fuel cell car generates more carbon dioxide than an internal combustion engine," he
has a few potential customers, including one in Hawaii who is interested in building a 1 megawatt independent power facility.Such a facility, which would comprise about 40 RECO solar concentrators, would cost about $5 million and would power roughly 300 homes or a large factory day and night.At that volume, electricity produced by such a system would cost about one third that of a similar photovoltaic system, which uses solar panels to create electricity, Dunlop
says.And compared to a similar-sized power plant using fossil fuels, a 1 megawatt RECO plant would prevent about 100,000 tons of carbon dioxide emissions over its lifetime, Dunlop
Independent power generation, rather than selling hydrogen for fuel cells, will likely be RECO's
first market, Dunlop
says.As renewable energy requirements in western states and in Europe become more stringent, he
envisions RECO systems serving large power companies as well.