Published by Todd Bush on September 24, 2024
CORALVILLE, IA, Sept. 24, 2024 (GLOBE NEWSWIRE) -- SunHydrogen, Inc. (OTCQB: HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, today announced that it has joined the Texas Hydrogen Alliance, a coalition of industry leaders dedicated to advancing the hydrogen economy in Texas.
>> In Other News: Carbon Sequestration in Texas: A New Era for CO2 Storage
Founded in 2021, the Texas Hydrogen Alliance is a 501(c)(6) non-profit trade organization that brings together policymakers, regulators, industry leaders, and innovators to advocate for policies that expedite hydrogen adoption, promote low-carbon hydrogen production, and develop robust infrastructure for storage and distribution. The Alliance seeks not only to strengthen Texas' position as the energy capital of the world but also to create new opportunities for economic growth and innovation in the hydrogen sector.
"We believe our business plan is very well-aligned with current plans to expand the hydrogen economy in Texas, including the creation of a hydrogen trucking corridor throughout the state," said Tim Young, CEO of SunHydrogen.
The innovative solar hydrogen panels SunHydrogen is developing use abundant and low-cost materials, require no external power other than sunlight, and are designed with scalability in mind. The company intends to install its green hydrogen panel arrays at and near roadside refueling sites along major trucking routes with abundant land and sun, lowering the high costs and hydrogen losses associated with typical long-distance transport.
In January 2024, Texas received a $70 million grant from the Federal Highway Administration supporting the creation of a hydrogen trucking corridor for medium and heavy-duty trucks. The funding will go toward the construction of up to five stations across Dallas-Fort Worth, Houston, Austin, and San Antonio, with the eventual goal of building a corridor between Texas and Southern California.
Additionally, Texas is the site of the HyVelocity Hydrogen Hub, one of seven regional clean hydrogen hubs selected by the U.S. Department of Energy to receive up to $1.2 billion in funding. HyVelocity Hub participants Air Liquide, Chevron, ExxonMobil, and Sempra Infrastructure are also part of the Texas Hydrogen Alliance."Our membership in the Alliance brings tremendous opportunity to make inroads into the Texas hydrogen landscape and beyond," said Tim Young. "SunHydrogen greatly looks forward to engaging with prestigious industry leaders and fellow innovators."
SunHydrogen is developing breakthrough technologies to make, store, and use green hydrogen in a market that Goldman Sachs estimates to be worth $12 trillion by 2050. Our patented SunHydrogen Panel technology, currently in development, uses sunlight and any source of water to produce low-cost green hydrogen. Like solar panels that produce electricity, our SunHydrogen Panels will produce green hydrogen. Our vision is to become a major technology supplier in the new hydrogen economy. By developing, acquiring, and partnering with other critical technologies, we intend to enable a future of emission-free hydrogen production for all industrial applications, such as fertilizer and petroleum refining, as well as fuel cell applications for mobility and data centers. To learn more about SunHydrogen, please visit our website at www.SunHydrogen.com.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🛠️ BHP, JSW Steel To Explore Use of Carbon Capture Technology in Steelmaking 🏝️ Exxon Mobil’s Landmark Acquisition for Offshore CO2 Capture: A Big Step Toward Carbon Reduction 🚗 ...
Inside this Issue 🌊 ExxonMobil Secures Largest CO2 Offshore Storage Site in the U.S. 🌱 Toyota Showcases Technology Developments Towards a Sustainable Future 💰 DOE's $29M Investment: Advancing Carb...
Inside this Issue 🌍 Scaling Up Carbon Dioxide Storagee to Achieve a Net-Zero Future 💰 Colorado School of Mines and Carbon TerraVault Secure $8.9 Million for CarbonSAFE Project 🤝 Rushnu Signs Two A...
VELUX Group Signs Long-term Agreement With ArcelorMittal to Supply Low Carbon-emission Steel
In 2023, VELUX Group and ArcelorMittal partnered to lower the carbon footprint of steel used in VELUX roof windows by up to 70% compared to conventionally produced steel. This collaboration involv...
OCI Global Announces Leadership Changes
OCI Global Announces Leadership Changes as CEO Ahmed El-Hoshy Transitions to Fertiglobe AMSTERDAM, Oct. 15, 2024 /PRNewswire/ — OCI Global (Euronext: OCI), a leading global producer and distributo...
Infinity(R) Fuel Cell and Hydrogen, Inc., Delivers 7 kW Hydrogen-Oxygen Fuel Cell Designed for Future Spaceflight Missions WINDSOR, CT / ACCESSWIRE / October 14, 2024 / Infinity Fuel Cell and Hydr...
Hydrogen Technology Expo to Showcase Latest Innovations
Hamburg to host leading trade fair from October 23-24, 2024 Hamburg is gearing up to debut the leading Hydrogen Technology Expo from October 23-24, 2024. More than 300 international speakers will ...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.