Problem - and Solution
H2OPE Biofuels was founded in Denver, Colorado, in 2008 on a simple but important belief: The world's current sources of energy are not only unsustainable, they are destroying our planet.
Today, 85 percent of the world's energy supply comes from fossil fuels: oil, coal and natural gas. Estimates vary on when these resources are going to "run out" but a typical estimate is about 100 years. Energy supply, though, is the least of the planet's problems. The cost of these industries-on the environment, on the economy, on human health-are too great to ignore.
Fossil fuels create three irrefutable problems:
It is expensive, and ecologically damaging and dangerous to harvest oil, coal and natural gas.
The burning of fossil fuels creates air pollution, which kills both humans and natural ecosystems.
Carbon emissions from fossil fuel use are altering the planet's temperature and weather patterns.
The Alternative: Renewable Energy Sources
Alternative energy sources - such as biomass, wind, solar, geothermal and hydroelectric - are all sources that are renewable, and generate a fraction of the carbon emissions created by fossil fuels. They are the key to limiting environmental damage, reducing carbon emissions and freeing U.S. dependency on foreign oil (and the many complex economic-political ramifications such dependency creates).
H2OPE Biofuels' solution, of isolating a strain of algae than can produce hydrogen, is one of these newest 3rd-generation solutions to the fossil fuel problem.