Page 14 - NorthAmOil Week 02 2023
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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



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