The U.S. government has announced a proposed $7 billion (for starters) on desperately needed breakthroughs in clean hydrogen production.
The Department of Energy’s (DoE) biggest bet is on nuclear power plants, which they are hoping to convert into North America’s premier clean hydrogen producers.
Those billions of dollars are being poured into technological innovation, lowering costs and scaling up the production of clean hydrogen, including through the use of nuclear power plants in New York, Ohio, Minnesota and Arizona.
For now, the majority of hydrogen in the United States is produced by natural gas reforming in large central plants—an important step in the energy transition.
The end goal, however, is to produce hydrogen without creating carbon emissions, and that’s what the federal government’s $ 7 billion spend is all about.
At four nuclear plants across the country, scientists are trying to perfect a process called electrolysis to create pure, clean hydrogen.
The process involves splitting water into pure hydrogen and oxygen using high temperature electrolyzers. For now, however, the process is prohibitively expensive and energy intensive.
At four nuclear plants across the country, scientists are trying to perfect a process called electrolysis to create pure, clean hydrogen.
The process involves splitting water into pure hydrogen and oxygen using high temperature electrolyzers. For now, however, the process is prohibitively expensive and energy intensive.
That could make this recent breakthrough all the more significant.
GH Power has developed a unique renewable energy technology that uses exothermic reactions to create three highly sought-after green outputs: hydrogen, alumina (aluminum oxide) and exothermic heat, killing three birds with one high-tech stone.
The hydrogen produced by the modular version of GH Power’s 2MW reactor is pure and clean, with zero emissions, zero carbon and zero waste, using only 2 inputs (recycled aluminum and water).
It also produces green hydrogen, exothermic heat, as well as highly valuable green alumina, which has numerous commercial applications used for everything from lithium-ion batteries and LED lighting to semiconductor production.
Shell’s (NYSE:SHEL)Â transition narrative is both fascinating and instructive. Moving from a traditional oil major to a diversified energy company, their hydrogen initiatives reflect a broader shift towards sustainability and innovation.
Their projects in the hydrogen domain, from refueling stations to research collaborations, indicate a comprehensive and future-ready strategy. Shell’s pivot towards hydrogen is not an afterthought; it’s an integral part of their future roadmap.
For investors, Shell offers a dual advantage. The stability and robustness of an established energy giant, combined with the agility and foresight of a green tech firm, make it an enticing option in a volatile energy market.
BP’s (NYSE:BP) rebranding from ‘British Petroleum’ to ‘Beyond Petroleum’ is symbolic of its evolution. Once a stalwart of the traditional energy sector, it’s now championing the green energy revolution, with hydrogen being a key focus.
Their endeavors in hydrogen, be it through investments or partnerships, showcase a progressive mindset. By positioning hydrogen as a cornerstone of their future growth strategy, they’re aligning with global sustainability goals.
Investors considering BP are not just looking at an energy company; they’re looking at a future-focused entity that’s reinventing itself. Their commitment to hydrogen signals long-term growth potential and a readiness to shape the energy landscape of tomorrow.
Oil Price.com / ABC Flash Point News 2023.
This technology has been available since the Nazi regime in Europe ruled the territory since 1933.