Business: Hydrogen Boom
Iceland pioneers with hydrogen power
By David Sokol
Photograph by Icelandic New Energy
Hydrogen Boom
When a business needs the very best engineering, it goes to Germany. For IT consulting, give India a call. Now Iceland is carving a niche in the hydrogen fuel market. Thanks to a new program called Sustainable Marine and Road Transport–Hydrogen in Iceland (SMART-H2), up to 40 hydrogen-powered passenger cars will be distributed to private users, showing off local expertise and moving Iceland toward a fossil fuel–free existence.
The small North Atlantic island, which barely cracks 300,000 inhabitants, can trace its efforts of transforming to a hydrogen economy to 1978, when University of Iceland professor Bragi Árnason first proposed that the country end its dependence on fossil fuels, all of which are imported.






