Renewables

A Hydrogen-Powered Future Offers Promise and Risk

Popular Option in the Race for Low-Carbon Energy

“What would a hydrogen market look like? Speakers at the roundtable suggested that a regulated utility model is likely the best option to create transparency, build trust with customers, and achieve societal goals.”

Canadian Energy: United States Energy Association

Energy Council of Canada

“The Biden administration announced a pause on LNG export facilities. What will that mean? The U.S. is the number one producer and became the number one exporter of natural gas in the second half of 2022, following the Russian invasion, when Europe decided to cut access to Russia’s pipelines.”

Canadian Energy: Canadian Gas Association

Energy Council of Canada

“The challenge is the U.S. IRA had the effect of people looking at the capital that was going to go to those projects, potentially going to the U.S. To level that playing field, we made a formal proposal to Finance Canada for an investment tax credit that would support production of renewable natural gas.”

Innovation Panel

USEA

“In our proposals and plans for the HyVelocity Hub, about 80% of the hydrogen production is going to come from hydrogen produced with natural gas. Another 20% will come from electrolysis. It’s important that we’re increasingly understanding the carbon intensity of hydrogen. The Open Hydrogen Initiative will help with that.”

PJM Interconnection Queues

American Council on Renewable Energy

“We modeled the job creation and economic benefits of the renewable energy projects that PJM will attempt to pass through the interconnection queue in the next four years as PJM implements reforms recently approved by FERC.”

Hydrogen is the First Element

Itron

“The conversion process through the simple method of electrolysis is not one hundred percent effective, but it is much better than throwing away renewable energy when there is not enough demand.”