Developing business opportunities for hydrogen storage

A quick review of the history of Dynetek Industries Limited was provided. During the period 1991-1995, it began research and development efforts in the field of advanced lightweight fuel storage systems and the DyneCellR Fuel Storage Systems was introduced on the market. In 1997, it began supplying Ballard Power Systems with hydrogen fuel tanks. Trading on the Toronto Stock Exchange started in September 2000, and in 2001 Dynetek incorporated a 100 per cent European subsidiary, Dynetek Europe GmbH. The advantages of the product are numerous: lightest cylinder on the market with a metallic liner, highest storage capacity of all lightweight designs, non-permeable, one piece, seamless aluminium liner, and true fast-fill capabilities to name but a few. Dynetek's vision of market development was introduced. It involves a California demonstration project for the period 2001-2003 which should lead to transit vehicles in 2005-2008. Fleet vehicles are expected to follow suit during the same period, and the consumer market should be ripe in 2010-2015. Some of the challenges facing the industry were discussed and Dynetek's role in meeting them was examined. figs