JACKSON, Miss–(BUSINESS WIRE)–Hy Stor Energy LP (Hy Stor Energy), a Mississippi pioneer in renewable green hydrogen and energy storage, today announced its partnership with the Green Hydrogen Organization (GH2) to become the first committed member in North America to champion GH2 Green hydrogen standard across the continent and around the world. By committing to this standard, which is the first of its kind in the world, Hy Stor Energy will produce hydrogen with 100% or nearly 100% renewable energy with near-zero greenhouse gas emissions. for its highly anticipated Mississippi Clean Hydrogen Hub and all future projects.
“The GH2 standard provides investors and other stakeholders with certainty and transparency that green hydrogen is exactly that: hydrogen made with renewable electricity that meets the highest emissions standards. , ESG and Sustainable Development Goals,” said Malcolm Turnbull, President of GH2. “We are delighted that Hy Stor Energy has committed to championing our standard across North America and is committed to ensuring its projects meet the standard. »
The goal of setting a standard for green hydrogen production is to help rapidly decarbonize hard-to-reduce sectors such as steel, cement, shipping and aviation to meet urgent zero targets. net and decarbonization. Green hydrogen projects that meet the GH2 standard will be allowed to use the “GH2 Green Hydrogen” label and will be able to obtain and trade GH2 certificates of origin for green hydrogen and its derivatives such as green ammonia. Since most projects are still in the initial design phase, such as Hy Stor Energy’s Mississippi Clean Hydrogen Hub, the project will be independently assessed against the standard to identify any issues or concerns that may constitute an obstacle to accreditation.
“Passing the Inflation Reduction Act (IRA) is a paradigm-shifting victory for energy innovation in this country. As the energy revolution continues to accelerate, GSREIA commends Hy Stor Energy and the Green Hydrogen Organization for developing a gold standard for green hydrogen. At GSREIA, we will accept and abide by the definition and urge its adoption in our Gulf region and beyond,” said Stephen Wright, executive director of the Gulf States Renewable Energy Industry Association.
In addition to this announcement, Hy Stor Energy is also supporting the Young people for green hydrogen, an inclusive movement of young people working to accelerate climate solutions and scale green hydrogen, to establish the group’s first North American chapter. Working with Youth for Green Hydrogen and other organizations such as universities and national laboratories, Hy Stor Energy is developing a positive action-based pathway with educational and advocacy results.
“We welcome our partnership with Hy Stor Energy to strengthen youth engagement and partnerships in creating Green Hydrogen youth-led climate innovations and solutions in North America and around the world,” said the co-founder of Youth For Green Hydrogen, Sailesh Singal.
As the hydrogen industry grows in the United States due to the development of the Department of Energy’s H2Hub program and the hydrogen tax credit, many companies in the United States are encouraging the use blue hydrogen rather than green and renewable hydrogen. To fully commit to reducing harmful emissions, it is essential that the hydrogen industry uses the gold standard of production and does not contribute to the addition of carbon dioxide and methane to the atmosphere. . This long-term investment in green hydrogen infrastructure has the added benefit of being used for decades, helping to reduce the risk of having energy assets stranded in the future. Hy Stor Energy focuses on the urgent need to commercialize, deploy and scale green hydrogen, as it is essential to achieve decarbonization goals and mitigate climate change.
“Now that the Senate has passed the IRA, the largest climate investment legislation in U.S. history, there is no time to waste in enabling the production and storage of green hydrogen to to better ensure cleanliness, clean air, clean water and public health in our communities now and for generations to come,” said Laura L. Luce, CEO of Hy Stor Energy. Legislation will accelerate clean energy manufacturing at pace and scale, but there are also monumental and impactful provisions and tax credits to boost the renewable hydrogen industry and drive its adoption across the country. At Hy Stor Energy, we’re poised to grow green hydrogen in North America and be a leader in setting the gold standard for carbon- and methane-free hydrogen. world to have a leading voice in this conversation n, we will ensure a healthy framework for the green hydrogen economy, including education, inspiration, support and mentorship, as well as further advocacy for diversity in STEM.
Earlier this year, the Hy Stor Energy team attended the first GH2 Global Assembly in Barcelona, where the company signed both the GH2 Green Hydrogen Standard and the Youth for Green Hydrogen Declaration. During this conference, Hy Stor COO Claire Behar participated in a fireside chat with Mr. Turnbull where the two discussed the future of the green hydrogen industry.
For more information on Hy Stor Energy, please visit www.hystorenergy.com.
About Hy Stor Energy
Hy Stor Energy is facilitating the transition to a fossil-free energy environment by developing and advancing renewable hydrogen at scale through the development, commercialization and operation of renewable hydrogen hub projects. The company defines green hydrogen as only that which has been produced from renewable energy, as stated by the Green Hydrogen Organization. Large, fully integrated projects generate, store and deliver 100% carbon-free energy, providing customers with safe and reliable renewable energy on demand. Developed as part of an integrated hub, these projects combine on-site renewable hydrogen production with long-term integrated storage and distribution – using scale to reduce costs. Hy Stor Energy, led by energy storage and hydrogen technology industry veteran Laura L. Luce, has an innovative team with deep expertise and is positioned as a leader in the renewable hydrogen revolution. For more information, please visit www.hystorenergy.com.
About the Green Hydrogen Organization (GH2)
The mission of the Green Hydrogen Organization (GH2) is to dramatically accelerate the production and use of green hydrogen in a range of sectors globally. This will push to rapidly decarbonise industries like steel, cement, fertilizers, shipping and aviation which have so far made limited progress in reducing their emissions. We bring together government, industry and civil society to enable the rapid adoption of green hydrogen globally.
About Youth for Green Hydrogen
Youth for Green Hydrogen is a network of passionate young women and men working in the green hydrogen sector. Our vision is to increase the participation and amplify the leadership of young people working in green hydrogen by keeping intergenerational partnerships at the center of our approach.
Youth For Green Hydrogen is an inclusive movement of young people working to create solutions to end the climate crisis and we strongly believe that only through green technology can the world reduce dependence on its current consumption of hydrogen. fossil fuels. The use of green technologies would then be achieved gradually, but the urgency of the climate crisis calls on every young person to act to make our societies based on renewable energy sources, in particular green hydrogen.
The group was instrumental in shaping the first global youth declaration on green hydrogen, which was adopted by world leaders at the GH2 Assembly in Barcelona and mobilized young people from 64 countries to accelerate climate solutions through green hydrogen technology.
Youth Statement on GH2: https://www.y4gh2.org/wp-content/uploads/2022/06/Y4GH2-Declaration.pdf
