Chart Industries’ President and CEO on America’s Huge Hydrogen Opportunity

The early days of President Biden’s Administration have been filled with important conversations, including a very impactful topic – the energy transition that is already underway.

Biden’s presidential climate envoy, John Kerry, recently encouraged the U.S. oil and gas industry to embrace what he called the “huge opportunities” associated with producing and transporting hydrogen, an increasingly important technology in our arsenal to reduce greenhouse gas emissions.

At Chart Industries, we have recognized and seized those opportunities because we know this is a critical moment for the energy transition and particularly for hydrogen.  And we are very familiar – Chart has been involved in designing, engineering and manufacturing hydrogen-related equipment for more than 50 years.

But while previous hydrogen bubbles burst – most notably in the 1970s and early 2000s – today’s energy environment is much more fertile for hydrogen as a part of the hybrid of clean energy solutions that will, together, address the numerous public and private sector carbon emission reduction targets.

Today, global leaders are recognizing hydrogen’s unique capacity to carry and store low- or no-carbon energy which makes it a highly versatile solution in addressing climate change. Capable of being produced by renewables like wind and solar through electrolysis or by natural gas with carbon capture and sequestration, hydrogen technology is complementary to existing industries while still serving a unique role within the energy landscape.

And perhaps most relevant to Secretary Kerry’s remarks, hydrogen can even use existing infrastructure like pipelines to travel from areas where hydrogen is produced to its final destination for end-use. As hydrogen production and use expands, so too will the associated jobs in the industry, including pipeline construction jobs.

One recent study found that with policy support, a U.S. hydrogen economy could produce 700,000 jobs by 2030 and 3.4 million jobs by 2050. Another found that hydrogen could be a $130 billion domestic business by 2030.

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