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Mid-Term Progress Report IPRO 304 Fall 2004 22nd Oct 2004 7. Business Team 7.1 Team Members Initially the business team consisted of 4 members. After the reorganization of the project the business team was expanded to take account of the requirements required for the chemical engineers (CHEE). The business team was split into three main sub-groups: The first sub-group is concerned with hydrogen economy; the second group, with the cost analysis of the hybrid system; and the third group, with keeping a good relationship with the sponsors of this project. Hydrogen Economy Sub-Group: David Eisenberg (Group Leader) Chrissy Lefief (CHEE Leader) Rita Buresh Matt Moy Rick Kraft Cost Analysis Sub-Group: Steven Johnson Vince Aderangi Sponsors: Siddha Pimputkar (Team Leader) 7.2 Hydrogen Economy Sub-Group 7.2.1 Objectives The objective of this subgroup is to: 1) Investigate the economics and safety aspects of hydrogen use 2) Examine the design of hydrogen production facilities. This section is split into three parts. In the first part Rick Kraft will report on the economics of hydrogen production storage and distribution. In the 2nd part Chrissy Lefief and Matt Moy will examine the design of a plant that produces hydrogen from natural gas. In the 3rd part David Eisenberg will review hydrogen production for some non-fossil fuel based sources and examine the design of a plant that produces hydrogen from a thermochemical cycle powered by nuclear energy. Each section will describe what has been accomplished, the future goals, and the obstacles/issues. - 13 -