A diverse committee of more than 200 experts from more than 100 energy industry, government, academic and environmental organizations recently spent two years responding to a request from U.S. Secretary of Energy Jennifer Granholm:
Determine how hydrogen can advance U.S. climate goals.
The committee, established by the National Petroleum Council (NPC) and chaired by Mike Wirth, Chevron’s Chairman and CEO, conducted a study and supervised the preparation of a report for the NPC’s review.
And on April 23, they released their more than 1,200-page report, which recommends ways to boost hydrogen solutions.
“In support of U.S. climate goals, the report includes recommendations on what good policy would look like, what technology developments can decrease costs, and where best practices can be applied for social acceptance in order to scale the hydrogen system,” said Austin Knight, vice president of hydrogen, Shevron.
The U.S. wants to reach net-zero greenhouse gas emissions by 2050. Achieving this goal will require multiple tools and technologies.
Hydrogen from lower carbon sources, called low carbon intensity (LCI) hydrogen, could:reduce U.S. carbon emissions by about
8%by 2050, reduce the cost of reaching this goal by
$160–260 billion annually.
The report includes 19 findings and makes 23 recommendations, which touch on:
- Policy and regulation: This includes developing legislation to bridge cost gaps between low carbon intensity hydrogen and more widespread fuels, increasing investor confidence and streamlining regulatory frameworks.
- Societal impacts and safety: This includes developing value chains that provide benefits to society, improving community engagement and enabling workforce development.
- Technology, research and development: This includes investing to close technology gaps, address technical bottlenecks and support public-private research programs.
“This report reflects input from experts across a broad spectrum of industries and organizations, and first-ever regional analysis of hydrogen deployment in the U.S. Acting on these findings will enable innovation, accelerate solutions, and set the foundation for scaling a hydrogen ecosystem that could advance progress toward achieving the world’s climate goals”, said Mike Wirth, Chevron chairman and CEO.
The study reflects the successful coordination of more than 200 voices, most from outside the oil and gas industry. These diverse perspectives were incorporated into the study and are reflected in the key findings. Ultimately, the study accomplishes an NPC goal: to deliver high-quality input to Secretary Granholm and the U.S. Department of Energy. Other government agencies can also use the recommendations when making decisions about hydrogen.
Secretary Granholm has stated that hydrogen could help lower the carbon intensity of various industries. This report could provide guidance for policymakers, companies and others planning large-scale hydrogen projects.
Chevron is working to grow its hydrogen business. As an example, the company recently embarked on a lower carbon hydrogen production and storage project in Utah.
Photo of Chevron: Austin Knight (left), Chevron’s vice president of Hydrogen, and Mike Wirth, Chevron’s Chairman and CEO, discuss the new National Petroleum Council report at an April press conference.
Press release https://shorturl.at/XRSuV
