The following information is from the web site of the Anglesey Company of UK.
"When used with a fuel cell, hydrogen and oxygen wll produce perfectly
clean steam and electricity with no additional pollutants. Generally,
the steam would be recycled back to the electrolysis phase after first
passing through a heat exchanger and/or condensing turbines to recapture
all the thermal energy. Nearly 5 MWh of electricity are required to make
1000 cubic meter of hydrogen gas (and about 500 cubic meter of oxygen).
When passed through a fuel cell, this hydrogen will yield 1 MWh as electricity
and 1 MWh as heat, giving an overall storage efficiency of 40%. Current
energy storage systems, such as pumped storage hydro, boast of an overall
storage efficiency of some 60%. However, these schemes must be large by
nature and involve massive capital investment, not to mention the destructive
environmental impact of man made reservoirs and alterations to local
hydrologic ecosystems. Anglesey Wind & Energy Limited
Moreover, the concept of efficiency is inherently
based on the theoretical calorific value of some fuel source
- wind energy is free and effectively infinite in supply.
Having responded to Government led initiatives, and witnessing the
price convergence of wind power relative to conventional sources,
the company now wishes to focus on the needs of small to medium sized
organisations that have been largely ignored by the major power
companies and suppliers. These organisations have energy consumptions
in the range of 10 - 100 kW, and typically pay anywhere from
5 to 7 pence ( about 8 to 11 US cents) per kilowatt-hour for
their electricity. As a direct consequence of competition encouraged
by the Non-Fossil Fuel Obligation and similar European initiatives,
the real cost of wind energy has fallen to an average of 3.5 pence
per kilowatt-hour ( about 6 US cents/kWh) and continues to fall.
Clearly, this technology deployed at the point of need can often
result in a 50% saving in energy costs."
Renewable Hydrogen for Transport Fuel
A grid connected demonstration wind project has been designed by the
company to switch wind power output from grid to electrolysis for
hydrogen production to supply fuel for vehicles. The first project
of it's kind in the UK (and possibly the world) will power 50 vehicles
belonging to the fleet of Sandwell Metropolitan Borough Council,
in the UK Midlands. A consortium has been formed and a bid has been
made for EC funding under the Framework 5 Program.