A group of oil companies, together with energy-focused organizations and a university, is working to develop a large-scale hydrogen hub along the US Gulf Coast. The consortium behind the project, dubbed the HyVelocity Hub, will seek Bipartisan Infrastructure Law funding from the US Department of Energy in its goal to materialize the hub plan.
The project, spearheaded by research and training organization GTI Energy, is applying for the federal department’s Regional Clean Hydrogen Hub funding “to accelerate the development of clean hydrogen projects,” which includes the one proposed in the Gulf Coast. The initiative’s sponsors list includes energy firms like Chevron (NYSE: CVX), Air Liquide, Energy Transfer LP (NYSE: ET), ExxonMobil (NYSE: XOM) subsidiary ExxonMobil Low Carbon Solutions, Ørsted, Sempra Infrastructure, and Shell.
The organization Center for…