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Underground Hydrogen Touted As ‘Significant’ Clean Energy Resource In First U.S. Hearing

Underground Hydrogen Touted As ‘Significant’ Clean Energy Resource In First U.S. Hearing

The Senate held the first congressional hearing on geologic hydrogen, a promising new form of clean energy generated naturally underground, that’s attracted growing interest and investment over the past year.

The Committee on Energy and Natural Resources, chaired by West Virginia’s Sen. Joe Manchin, heard testimony on Wednesday from the Energy Department’s advanced research unit, the U.S. Geological Survey and Pete Johnson, CEO of Koloma, the best-funded startup in the geologic hydrogen space. They concurred that more research is needed to identify the most abundant, promising sites and to develop techniques to amplify the natural production process, but were upbeat about the outlook.

“The potential for geologic hydrogen represents a paradigm shift in the way we think about hydrogen as an energy source,” Evelyn Wang, director of DOE’s Advanced Research Projects Agency-Energy told Senators. “This new source of hydrogen could lower energy costs and increase our nation’s energy security and supply chains.”

Federal scientists have begun working with universities and energy companies to find ways to map and locate potentially large pockets of hydrogen as current estimates are inadequate, said the Geological Survey’s Geoffrey Ellis. “The estimated in-place global geologic hydrogen resource ranges from 1000s to potentially billions of megatons,” he told the committee. “Given our understanding of other geologic resources, the vast majority of the in-place hydrogen is likely to be in accumulations that are either too far offshore or too small to ever be economically recovered. However, if even a small fraction of this amount could be recovered that would constitute a significant resource.”

Hydrogen is already heavily used in industry, including at oil refineries, chemical plants and as a key ingredient in ammonia for fertilizer. But nearly all of it is made by extracting hydrogen from natural gas, a dirty process that emits large amounts of carbon dioxide. Like green hydrogen — a new clean form of the element made from water and electricity, ideally from renewable power — the geologic variety is carbon-free. Scientists believe it’s generated in underground pockets of iron-rich rock in warm, moist conditions that are extremely common. Uniquely, it’s an energy source that’s just sitting there, not one that needs to be created.

“All other forms of hydrogen require more energy to produce than the hydrogen itself holds,” Koloma’s Johnson said. “This is incredibly clean energy. In multiple third-party lifecycle analyses and peer-reviewed journal articles, geologic hydrogen has been found to have a very low carbon footprint. In addition, geologic hydrogen will result in lower land use and lower water consumption than any other form of hydrogen.”

Johnson, Wang and Ellis also noted that drilling or mining for hydrogen leverages techniques used by the oil and gas industry. It’s also likely to aid domestic ammonia production.

“Hydrogen is a great feedstock and it’s used to create ammonia for fertilizer,” said Wang. “If we could really stimulate and extract this hydrogen and produce very large quantities at very low cost I think this could have significant implications to help and support farmers.”

Johnson provided no details about when Denver-based Koloma, which has raised over $300 million from investors including Bill Gates’s Breakthrough Energy Ventures, Energy Impact Partners and Amazon, would begin commercial extraction of hydrogen but is cautiously optimistic.

“This will take time, money and effort to figure out. Nobody has all the answers today,” he told the committee. “The early data looks promising and I believe that geologic hydrogen can play a very large role as we decarbonize the U.S. energy economy.”

 

 


 

 

Source    Forbes

 

Asia’s richest man plans to invest $76 Billion in green projects

Asia’s richest man plans to invest $76 Billion in green projects
  • Reliance to build 100 gigawatts of renewable energy projects
  • Mukesh Ambani’s group aims to be net carbon zero by 2035

 

The conglomerate led by Mukesh Ambani, Asia’s richest man, announced plans to invest $76 billion toward clean energy projects, dwarfing an earlier commitment of $10 billion by the world’s biggest fossil-fuel billionaire.

Reliance Industries Ltd., controlled by Ambani, has signed pacts with the state government of Gujarat for a total investment of 5.96 trillion rupees ($81 billion), according to an exchange filing Thursday. Of this, about 5 trillion rupees would be used over the next 15 years to build 100 gigawatts of renewable power projects and a green hydrogen network while 600 billion rupees will be for factories making solar modules, hydrogen electrolyzers, fuel cells and storage batteries, the filing said.

The remaining sum is to be spent in the retail-to-refining group’s new and existing projects, including the upgrade of its telecom network for 5G services and expansion of its consumer retail businesses. Reliance has already “started the process of scouting land” for its renewable energy power projects and has requested the Gujarat administration for 450,000 acres (182,110 hectares) in the arid Kutch region.

Though the investment pact is just a memorandum of understanding right now, it outlines the scope of Ambani’s green ambitions and is a big step up from the $10 billion investment over three years he had announced in June. Ambani is in the midst of transforming his fossil fuel-fed empire and pivoting it toward green energy and digital technology.

 

Ambitious Target

These projects will also boost Reliance’s target to make its operations carbon neutral by 2035 – an ambitious target for a company that derived 60% of its revenue from oil refining and petrochemicals.

The announcement follows billionaire Gautam Adani-led conglomerate’s pact with South Korean steel giant Posco to explore business opportunities in India, including setting up a green steel mill in Gujarat, with a potential investment of $5 billion. Adani has committed to invest a total of $70 billion by 2030 across its green energy value chain.

Both the billionaires and their ability to walk the talk on their green energy commitments are crucial if the Narendra Modi-led government has to achieve its target of making the country net carbon zero by 2070.

Like their global peers, Reliance and Adani groups, who made their fortunes from fossil fuels, are now aggressively expanding their clean energy footprint amid mounting pressure to join the fight against climate change.

 


 

Source Bloomberg