CEO DATELINE - Coalition formed to advance hydrogen technologies
CEO DATELINE - Coalition formed to advance hydrogen technologies
- February 4, 2021 |
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Walt Williams
Eleven companies have joined together in a new coalition to tout what they say are the environmental and economic benefits of hydrogen technologies.
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Hydrogen Forward will seek to accelerate investment in hydrogen in the U.S., with coalition members saying in a statement that the technology will help the country deliver on its climate goals while creating a stronger economy with good-paying jobs.
Hydrogen isn't an energy source but it can form the basis of technologies used to store energy generated elsewhere, such as from solar or wind power. Hydrogen is the most abundant element in the universe but rarely occurs naturally as a gas on Earth, meaning it must be extracted from other sources, according to the U.S. Department of Energy.
The element "can help decarbonize large segments of the economy, including shipping and transportation, power generation, refining, steelmaking, chemical production, mining, manufacturing and other industries," the coalition said. "And with all of its hydrogen made in the U.S., the country will see the full economic benefits of the value chain including job opportunities and revenue generation."
The group added that while Europe and East Asia "have committed to investing hundreds of billions of dollars into hydrogen solutions, the U.S. is the only major market without a national hydrogen strategy."
The coalition's founding members are Air Liquide, Anglo American, Bloom Energy, CF Industries, Chart Industries, Cummins Inc., Hyundai, Linde, McDermott, Shell and Toyota.
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