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Could the 'methanol economy' help power the post-fossil fuel era?

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Could a simple molecule known as methanol become a key energy source for the post-fossil fuel era? 1994 Nobel Prize in Chemistry winner George Olah, Ph.D., and Surya Prakash, Ph.D., think so. Olah and Prakash recently won a $1 million prize from the Israeli government for their research on a promising alternative fuel concept, known as the "methanol economy." In our latest video, Surya Prakash gives us a rundown of the potentials that the methanol economy bolsters, and shows us why this concept offers such a promising future.
 
Another intriguing potential of methanol is its use as a storable fuel source. In this bonus video, Prakash demonstrates how his team's "direct oxidation fuel cell" prototype can use methanol to produce electricity.

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