Page 14 - NorthAmOil Week 02 2023

NorthAmOil NEWS IN BRIEF NorthAmOil

understand our emissions profiles as we hydrogen economy in northern Appalachia. $3-per-kilogram 45V hydrogen production
work to reduce the environmental impact of Concentrated in Appalachian counties tax credit. The lifecycle carbon neutral
natural gas production and answer the call for as defined by the Appalachian Regional hydrogen is therefore a net-zero product,
affordable, reliable and lower carbon energy.” Commission (ARC) across West Virginia, meaning that there is no net CO2 released
“Appalachia is home to the United Ohio, Pennsylvania, and Kentucky, ARCH2 into the atmosphere as a result of making the
States’ richest natural gas basins, which will leverage diverse regional resources to hydrogen.
also boast some of the lowest methane build a sustainable clean hydrogen hub that B&W’s industry leading renewable
emissions intensities in the world. This is an can scale and integrate into a national clean energy technologies and equipment greatly
achievement that we have earned through H2 network. The region is the ideal location complement FidelisH2, which utilizes proven
years of environmental commitment, and for a clean hydrogen hub, due to its unique technologies from leading global companies
AMI further builds on this commitment,” said access to ample low-cost natural gas feedstock, in a novel integration to provide industrial-
Toby Z. Rice, President and Chief Executive end-user demand, workforce and technology scale clean hydrogen solutions. This enables
Officer of EQT Corporation. “Applying a capability, and carbon sequestration potential. the generation of valuable environmental
basin-wide, sector-agnostic approach to ARCH2 will be a key foundational impact reductions while qualifying for
methane monitoring will not only allow component of America’s transition toward related credits and incentives, including the
accountability for methane emissions from all decarbonisation. The ARCH2 team is $3-per-kilogram of hydrogen produced,
emitters; we believe it will eliminate any doubt composed of entities with operations the maximum allowable 45V Hydrogen
– whether from policy-makers, customers, or across the Appalachian region spanning Production Tax Credit included in the
the general public – that Appalachian natural the hydrogen value chain as well as energy Inflation Reduction Act of 2022.
gas is the cleanest form of traditional energy technology organizations, including the “We are excited to deepen our partnership
in the world. At a time when international National Energy Technology Laboratory, with Fidelis and join the FidelisH2 Alliance
coal and associated GHG and methane have consultants, academic institutions, Program,” said Kenny Young, chief executive
reached all-time highs, it is imperative that we community organizations, and NGOs that officer, B&W. “Leveraging B&W’s advanced
recognize Appalachian natural gas for what it will provide commercial, technical, and renewable energy equipment technology
is, namely a means of meaningfully reducing programmatic leadership for the development along with the novel FidelisH2 technology
global emissions.” and buildout of the hub. will enable the production of clean hydrogen
AMI, January 11, 2023 “There is a tremendous opportunity to with a lifecycle carbon intensity of net zero.
demonstrate how natural gas can play a This is a win-win for our companies, the
Appalachian Regional Clean leading role in the world’s transition to lower environment and the United States’ and global
clean energy goals.”
carbon energy solutions,” said Toby Z. Rice,
Hydrogen Hub encouraged president and CEO of EQT. “The world is and chief operating officer, B&W, said, “We
Jimmy Morgan, executive vice president
demanding cheaper, more reliable and cleaner
to submit a full application energy. We believe the use of Appalachia’s look forward to utilizing our best-in-class
boiler and power plant expertise inside of
extremely low emissions natural gas to
for the Department of create clean hydrogen can act as a strategic our growing renewable energy portfolio with
foundation for America’s transition toward
the patent-pending FidelisH2 technology to
Energy’s hydrogen hub decarbonisation.” advance the production of clean hydrogen.
This alliance will allow us to rapidly expand
THE APPALACHIAN REGIONAL CLEAN
funding HYDROGEN HUB, January 12, 2023 our global reach, open new markets, and
execute projects that advance the production
The Appalachian Regional Clean Hydrogen Babcock & Wilcox and of hydrogen with zero carbon intensity.”
Hub (ARCH2) team has been notified by the Fidelis co-founder and chief executive
US Department of Energy’s (DOE) Office Fidelis form global alliance officer, Dan Shapiro, said, “We are excited to
of Clean Energy Demonstrations (OCED) welcome B&W into the FidelisH2 Alliance
that it has been encouraged to submit a full to produce clean, zero- Program to synergistically leverage B&W’s
application for the regional clean hydrogen world-class boiler technologies with our
hub Funding Opportunity Announcement carbon intensity hydrogen FidelisH2 technologies to enable our licensees
(FOA) as designated in the bipartisan and project partners to produce economically
Infrastructure Investment and Jobs Act. The Babcock & Wilcox Co. (B&W) and and environmentally advantaged hydrogen
ARCH2 was formed through a Fidelis New Energy announced today with zero carbon intensity.”
partnership with the State of West Virginia, that they have formed a global alliance for Fidelis co-founder and chief operating
EQT Corporation, the nation’s largest natural technology to produce clean hydrogen. The officer, Bengt Jarlsjo, added, “We look
gas producer, Battelle and GTI Energy, alliance pairs B&W’s bubbling fluidised forward to deploying FidelisH2 across our
all with expertise executing clean energy bed boiler technology and equipment with future projects and providing the FidelisH2
programs for the federal government, and Fidelis’ proprietary patent-pending FidelisH2 Alliance Program offering to select licensees
Allegheny Science & Technology (AST), a technologies to produce zero-carbon intensity and partners seeking to produce zero carbon
leading West Virginia energy technology hydrogen. intensity clean hydrogen utilizing certified
consulting firm. Since the partnership was The FidelisH2 Alliance Program and natural gas and renewable energy. We greatly
publicly announced, ARCH2 has added associated technologies enable world-class appreciate B&W’s support and look forward
strategic partners that now include over scale production of clean hydrogen from to their contribution as a key component of
120 private sector industry leaders, utilities, natural gas with a lifecycle carbon intensity the FidelisH2 Alliance Program.”
universities, non-profits, transportation, that meets the required threshold under the THE BABCOCK & WILCOX CO. AND FIDELIS
and state agencies interested in building a Inflation Reduction Act to qualify for the full NEW ENERGY, January 10, 202

P14 www. NEWSBASE .com Week 02 12•January•2023