Hydrogen era no longer a distant mirage

by S&P Global Market Intelligence

The complete report, which was published in November 2020, is available at https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/hydrogen-era-no-longer-a-distant-mirage-61216416

Excerpt:

This is the first of a five-part series exploring the burgeoning hydrogen economy and its rise — after decades of false dawns — to the top of the energy agenda in 2020.

The potential future of carbon-free energy is taking shape in an unlikely place: the Texas oil patch. For decades oil producers have stored fossil fuels in man made caverns carved into naturally occurring salt domes, deep below the surface of the U.S. Gulf Coast. Three of these subterranean storage facilities, all in southeast Texas, also house huge volumes of hydrogen derived from natural gas. This so-called “gray hydrogen” flows through a dedicated pipeline network to