Very exciting! Thats really a huge step forwards - creating a liquid fuel from abundant energy and gasses in the atmosphere. Liquid fuels are so much more flexible than batteries!
Mind you, the amount on clean energy required will be significant, but thats not to say its a bad thing - the clean energy infrastructure programme around the world needs to get a lot bigger just to be able to provide electricity for everything else - this would be just like another industry. This is where biodiesel wins out in terms of the energy cycle, because you are utilising plant molecular processes in order to harness that clean energy.
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