Published by Todd Bush on September 18, 2024
America and Europe have been strong trade partners for hundreds of years. A new venture to ship clean hydrogen across the Atlantic Ocean is set to bring the relationship into a greener and more environmentally friendly era. World and industry leaders are realizing that hydrogen holds the key to averting major climate disasters, and Europe wants 10 million metric tons of it every year by 2030. America’s Gulf Coast states are ready to provide it.
>> In Other News: AFC Energy launches Hyamtec Limited (“Hyamtec”) to Unlock the Global Hydrogen Value Chain
20 corporations have come together to form the H2TC, the Hydrogen Trade Coalition. Major players such as Shell and Apex Clean Energy joined the coalition to demonstrate their commitment to a cleaner planet with a shift away from fossil fuels. These corporations will work with the respective governments of America and Europe to streamline the transportation of hydrogen from America’s Gulf Coast to Northwestern Europe.
The H2TC has ambitious goals. The coalition wants to start shipping hydrogen by 2026. To do that, the corporations involved will need to scale up production on America’s Gulf Coast and ensure that proper infrastructure is in place for transporting the valuable fuel. Participating companies receive benefits from the H2TC, including:
The mission of shipping hydrogen to Europe aims to help American companies scale up production of hydrogen. The demand for hydrogen is booming in Europe, and this collaboration may help keep costs manageable for European entities.
Europe is struggling to increase hydrogen production in the region. Because the continent is relatively more crowded, it’s been difficult to develop the necessary infrastructure. Fortunately, America’s Gulf Coast states already have pipelines in place from the oil trade, and the region has access to low-cost renewable energy such as solar, wind, and hydropower. With these building blocks in place, The Gulf Coast states are ready to power up green hydrogen production to fill Europe’s quota of 10 million metric tons by 2030.
The Biden Administration invested heavily in renewable energy. Considering that the climate crisis is only getting worse, many Americans are keen to transition to green power. With tax incentives from the Inflation Reduction Act, Gulf Coast power companies are looking forward to pursuing clean hydrogen production.
To the casual observer, it may seem as if the world is suddenly obsessed with hydrogen. However, scientists have pointed to this element as a powerful clean energy source for more than a hundred years. The problem is that most hydrogen production is not 100% clean right now because the cheapest way to make it is by reforming natural gas (methane), and the byproduct is CO2.
For the Transatlantic shipping highway to work, Europe will require the production of hydrogen in the U.S. to be cleaner, either low-carbon or zero-carbon emissions. The plan in America is for Gulf Coast states to capitalize on renewable energy sources such as solar and wind to generate electricity for a process called electrolysis, splitting water molecules into hydrogen and oxygen. Embracing clean hydrogen production will help the world avoid a climate catastrophe.
Many industries in the world cannot rely on variable solar and wind energy to keep up with business. That’s why so many companies are shifting their focus to hydrogen, which offers the high combustion temperatures needed in manufacturing and transportation. The H2TC is an innovative collaboration between traditional corporations and green businesses that shows the world is ready to embrace a green future.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🌲 Living Carbon Announces Agreement with Microsoft for 1.4 Million Tonnes of Carbon Removal from Reforestation of Former Mine Lands in Appalachia 🏭 US Energy Expands Carbon Captu...
Inside This Issue 🧬 Occidental's Bold Bet on Carbon Removal: What the Holocene Acquisition Really Means 🌊 Project to Suck Carbon Out of Sea Begins in UK 🧱 NovoMOF Raises $5.4 Million to Scale Up L...
Inside This Issue 🧪 CF Industries Announces Joint Venture with JERA Co., Inc., and Mitsui & Co., Inc., for Production and Offtake of Low-Carbon Ammonia 🪨 Microsoft Signs Large Carbon Removal D...
Perdue AgriBusiness and Eion Ink First-Of-Its-Kind Carbon Removal Deal
Perdue AgriBusiness becomes first company to deploy enhanced rock weathering within its own supply chain—removing 3,500 tons of CO₂ while improving soil health and reducing input costs for farmers ...
US-UK Startups Debut ‘First’ Emissions and Carbon Capture System
STAX Engineering, a California-based company specializing in maritime emissions capture and control, and Seabound, a UK-headquartered onboard carbon capture firm, have demonstrated a ‘first-of-its-...
Next Gen Honda Fuel Cell Module to Make North American Debut at ACT Expo 2025
Next Gen Honda Fuel Cell Module to Make North American Debut at ACT Expo 2025 New fuel cell module will reduce production cost by half, double durability and triple volumetric power density co...
Next Hydrogen Receives $5M Working Capital Debt Financing
MISSISSAUGA, Ontario, April 22, 2025 (GLOBE NEWSWIRE) -- Next Hydrogen Solutions Inc. ("Next Hydrogen" or "Company") "We are grateful for this very meaningful support from EDC to help support our ...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.