Hydrogen gaining ground as viable alternative in utility pipelines and transportation
Household appliances and public transportation are using hydrogen as a clean, carbon-free fuel. NiSource, which owns Columbia Gas of Pennsylvania, is testing hydrogen blends on natural gas pipes and appliances, while Peoples Natural Gas is establishing a pyrolysis hydrogen facility. Utilities are increasingly researching hydrogen to decarbonize and meet emissions goals.
Hydrogen is produced via steam methane reforming of natural gas, which releases a lot of carbon dioxide. Carbon capture and storage are required for “clean hydrogen,” which qualifies for federal financing. Appalachian utilities are temporarily avoiding carbon capture and storage. Columbia is exploring natural gas pyrolysis or renewable energy-powered electrolysis to manufacture hydrogen on-site, while Peoples will employ H Quest’s pyrolysis technology for its pilot program.
Hydrogen pipelines are also getting attention in transportation. Pittsburgh Regional Transit (PRT) is considering hydrogen fuel cell buses instead of fully electric buses due to charging times. PRT will test a hydrogen fuel cell bus from Ohio’s Stark Area Regional Transit Authority on select routes. After this trial, PRT wants to buy 10 hydrogen buses and evaluate their performance over numerous seasons to ascertain their net-zero emission potential.
Hydrogen is being used more in utility pipelines and transportation due to its clean, adaptable, and efficient energy. Infrastructure, carbon collection and storage, and cost-effective production remain obstacles. To fully realize the hydrogen wave’s potential, more investment, research, and collaboration are needed.
H2X to deliver planned IPO in 2023
3,150,000 fully paid ordinary shares of H2X Global Limited are offered for acquisition through an off-market transfer. Given that H2X has already earned its first revenues, obtained $455 million in buy intent agreements, and started global commercialization, the off-market offer offers investors a special opportunity.
A number of UK-based consultants have been hired by H2X to conduct a big liquidity event on the London Stock Exchange within the next 12 months because of this.
