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1:
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Demand for hydrogen fuel is large and rapidly increasing
- 50 million tons of H2 are produced for global consumption per year with a 4 to 10% growth per year.
- Applications include fertilizer, chemical industry, liquid fuels, transportation and oil refining.
- Utilization of new technologies (e.g. fuel cells and enriching of biomass or other low-quality fuels) can significantly increase the growth rate of hydrogen demand.
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2:
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Cost effective with no gas emissions to pollute the air
- Only nuclear energy can produce hydrogen at large enough scales to meet future demand while avoiding the release of greenhouse gases.
- In the future, utilization of advanced reactor designs to produce hydrogen can lead to efficiencies up to 50%.
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3:
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Enhances energy independence and sustainability
- The sources of hydrogen are abundant, decreasing our dependence on countries in potentially volatile regions of the world.
- If we develop production of hydrogen fuel to its full potential, we can reduce our demand for oil by over 11 million barrels per day by the year 2040.
- Use of fast breeder reactors to produce hydrogen can provide a sustainable energy source for future generations.
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