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That's cool, but, the really cool thing is the way they got to this. Instead of starting with, "Let's use biodiesel in all our busses!" or "Electricity is the only way to go!", they started asking, "What resources do we have to work with?" and came up with this solution.
That's the way we are going to replace fossil fuels - each person and organization (and I include local, state, and federal governments when I say organization) is going to have to ask the question, "What is best for me?".
My boss recently put in solar cells to generate electricity for her house. She put in enough cells to generate about 25% of the power she uses every month. That's what works for her.
We shouldn't try to replace fossil fuels with X, no matter what X is - we need to look at multiple solutions so that we don't find ourselves in the same situation we are now, bound to one source of energy, live or die.
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