Green hydrogen is under the spotlight after Bill Gates backed a new production technology that could help the global push to net-zero emissions.
Gates’ clean-tech fund Breakthrough Energy Ventures is among several investors committing $22 million to technology that developers H2Pro claim will create the world’s “lowest-cost green hydrogen.”
H2Pro states that its revolutionary E-TAC (Electrochemical-Thermally Activated Chemical) method could produce green hydrogen that is 95% more efficient, safe, and cost-competitive than today’s fossil fuel-derived hydrogen.
The company claims green hydrogen prices could fall from the present $5-6 per kilo (2.2 pounds) to around $1 per kilo (2.2 pounds). Industrial-scale adoption may also help solve surplus renewable energy storage issues as E-TAC sites could use excess renewable electricity to build green hydrogen energy stores for later use. Using hydrogen creates no direct emissions of pollutants or greenhouse gases.
Have more mobility news that we should be reading and sharing? Let us know! Reach out to Sage Kashner (kashner@ctaa.org).
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