Full Title: Building the Gulf Coast Clean Hydrogen Market
Author(s): Carol Battershell, Alex Kizer
Publisher(s): Energy Futures Initiative
Publication Date: September 7, 2022
Full Text: Download Resource
Description (excerpt):
The Energy Futures Initiative (EFI) convened two virtual events, titled “Building the Gulf Coast Clean Hydrogen Market.” A 2.5-hour public webinar was held June 1, 2022, followed by a 1.5-hour private roundtable on June 2. The purpose of these workshops was to hear from tenured hydrogen companies in the Gulf Coast about the opportunities and challenges of leveraging the region’s infrastructure and expertise for transitioning to clean hydrogen (hydrogen that is produced with low- or zero-carbon emissions).
A major focus of the discussions centered around the economic considerations in animating additional investment in clean hydrogen. Contrasting with previous waves of interest over the past 50 years, interest in hydrogen as a low-carbon resource has been increasing lately due to the need to decarbonize energy systems. Like electricity, hydrogen is an energy carrier, meaning that it is produced from other primary energy sources. Decarbonization is achieved when low-carbon primary energy is used as feedstock for hydrogen production, or when carbon dioxide (CO2) emissions are captured during production. Also, like electricity, hydrogen is versatile and can be used in several applications (e.g., long-term renewable energy storage, on-road mobility, rail, maritime and aviation transportation, buildings, industrial heating, and hard-to-abate industrial sectors, such as cement, steel, and chemical production).