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Eden Hydrogen Inc. To Spur U.S. Hydrogen Economy

2008-07-24 05:00:00

Eden Hydrogen Inc. To Spur U.S. Hydrogen Economy

New U.S. Company Will Pioneer Hydrogen As Clean, Abundant Energy For

Transportation, Offices & Homes, and Personal Use

CHICAGO–(EMWNews)–Eden Energy Ltd (ASX:EDE) today announced the formation of Eden Hydrogen

Inc. to take a lead position in the emerging U.S. hydrogen economy. The

company is an integration of two Eden Energy U.S. subsidiaries: Hythane

Company of Denver, Colorado and HyRadix of Des Plaines, Illinois. The

new company will be headquartered in Des Plaines, Illinois, just outside

of Chicago.

Eden Hydrogen is a milestone in our growing

capacity to deliver integrated hydrogen solutions to customers in the

U.S. and globally, said Greg Solomon,

Executive Chairman, Eden Energy Ltd. based in Perth, Australia. We

have captured the hydrogen supply chain within a single, efficient

company.

Robert Gray has been named Chief Executive Officer of Eden Hydrogen Inc.

He was formerly Chief Executive Officer of Eden Innovations Ltd. and a

past president of HyRadix. Roger Mamaro, President of Hythane Company,

will lead global operations and Dave Cepla, President of HyRadix, will

lead global sales and marketing for the new company.

As consumers in the U.S. and around the world

demand cost effective and clean alternatives to petroleum, the market

for hydrogen-based fuels and technologies is rapidly expanding,

said Robert Gray, CEO, Eden Hydrogen Inc. Eden

Hydrogen is uniquely positioned to provide economical onsite hydrogen

generation, delivery, and storage.

Eden’s announcement comes days after the release of a U.S.-backed study,

which recommends government funding of $55 billion over the next 15

years to ensure that hydrogen vehicles become competitive with

petroleum-powered cars on U.S. roads. Hydrogen is seen by many as the

next great source of energy worldwide. Major automakers have already

introduced hydrogen fueled cars, and hydrogen power generation provides

heating, cooling, and electricity in a variety of commercial settings.

As concern about biofuels increases, hydrogen presents a clean, abundant

alternative energy source.

Hythane® is Eden Hydrogens

patented, near zero emissions fuel blend of hydrogen and natural gas

with applications in transportation and power generation. Hythane and

its derivatives are used in many parts of the U.S., Canada, and

worldwide. HyRadix is Edens line of hydrogen

reformers for onsite hydrogen generation. HyRadix technology has been

used since 2004 at SunLine Transit in Palm Desert, CA to power

alternative fuel vehicles such as HICE (hydrogen internal combustion

engine) and Fuel Cell vehicles.

Eden Hydrogen Inc. is constructing the first public hydrogen fueling

station in India as part of that countrys

commitment to have at least 20% of its vehicles running on Hythane®

and other hydrogen-based fuels by 2020. The company has also announced

encouraging results from its test of power generation units using a mix

of Hythane® and petroleum diesel, including

significant cost and harmful emissions reductions.

About Eden Hydrogen Inc.

Eden Hydrogen Inc., a U.S. subsidiary of Eden Energy Ltd (ASX:EDE), is a

diversified clean energy company providing global hydrogen energy

solutions. The company focuses on producing, storing, and delivering

hydrogen solutions for industrial and consumer manufacturing processes,

transportation fueling applications, and onsite power generation.

Hydrogen technologies developed and marketed by Eden include HyRadix®

on-site hydrogen generation systems and supply solutions and Hythane®,

a near zero emissions alternative fuel. For more information, please

visit www.edenhydrogen.com or www.edenenergy.com.au.

To view Eden Energys eMedia Kit please

visit: http://www.ccapreview.com/clients/eden/mediakit/.

For Eden Energy
Jennifer Violette, 508-620-6664
[email protected]

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