Pennsylvania hydrogen, carbon storage project tapping into all the trends

August 23, 2021

After years of being the next big thing, hydrogen is having a moment inspired by the tidal wave of corporate and government commitments to reach net zero carbon emissions by various self-imposed deadlines to forestall catastrophic climate change.

“If we were talking about reducing emissions by 20-30-50 percent, I’m not sure we’d be having a conference about hydrogen,” said Capella Festa, COO of Genvia, at S&P Global’s Second Annual Hydrogen Markets Conference in May.

The newly established hydrogen venture, Genvia, is backed by the world’s largest oilfield services company, Schlumberger. The other oil and gas service giants, Baker Hughes and Halliburton, also have announced hydrogen projects.

Here’s why they are all chasing hydrogen: the path to net zero means electrifying as much as possible and churning out that electricity through increasing amounts of carbon-free sources. Hydrogen — a colorless, odorless, highly flammable gas — is a leading candidate to power industries that can’t be electrified, at least not easily, like marine transportation, cement and steel production, and long-haul freight. Hydrogen has no carbon and thus emits none when burned or reacted in fuel cells. Read more here.

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