The solar-hydrogen economy: an analysis

The 20th Century was the age of the Petroleum Economy while the 21st Century is certainly the age of the Solar-Hydrogen Economy. The global Solar-Hydrogen Economy that is now emerging follows a different logic. Under this new economic paradigm, new machines and methods are once again being developed while companies are restructuring. The Petroleum Economy will be briefly explored in relation to oil consumption, Hubbert's curve, and oil reserves with emphasis on the "oil crash". Concerns and criticisms about the Hydrogen Economy will be addressed by debunking some of the "hydrogen myths". There are three major driving factors for the establishment of the Solar-Hydrogen Economy, i.e. the environment, the economy with the coming "oil crash", and national security. The New Energy decentralization pathway has developed many progressive features, e.g., reducing the dependence on oil, reducing the air pollution and CO2. The technical and economic aspects of the various Solar-Hydrogen energy options and combinations will be analyzed. A proposed 24-hour/day 200 MWe solar-hydrogen power plant for the U.S. with selected energy options will be discussed. There are fast emerging Solar Hydrogen energy infrastructures in the U.S., Europe, Japan and China. Some of the major infrastructure projects in the transportation and energy sectors will be discussed. The current and projected growth in the Solar-Hydrogen Economy through 2045 will be given.