THE MARKET
Hydrogen is said be environmentally friendly and scientists hope that someday it will replace oil and natural glass as an energy source. The U.S. Department of Energy has said that hydrogen production is a priority for research and development, dedicating billions of dollars each year on such efforts. The global hydrogen industry, inducing production and storage, is estimated to be around $39 billion, with the biggest growth sector in fuel cells.[1]
[1] “World Hydrogen to 2013- Demand and Sales Forecasts, Market Share, Market Size, Market Leaders.” Freedonia Group web site (subscription required). http://www.freedoniagroup.com/World-Hydrogen.html (accessed November 18, 2011).
THE OPPORTUNITY
Lehigh University is interested in identifying co-development partners as well as potential licensees.