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Fuel cells have great potential. This 3000 home power station in Korea is currently generating electricity and heat at 80% efficiency. It produces power at about AUD 0.23 per unit (roughly similar to the retail price of electricity in Australia) and 50% of this price is gas - a relatively expensive imported commodity in Korea. In Australia or other countries with gas resources the power could be a lot cheaper.
Fuel cells, in a world first from Australian company BlueGen, are also installed in houses. The units, about the size of 2 washing machines, promise to cut household power bills by about $1,100. Costs to the homeowners are still being worked on.
Picture: BlueGen Home fuel cell. It produces up to 75% less carbon dioxide emissions than Victoria’s current coal-fired generators – saving up to 18 tonnes of carbon per unit per year.
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