The standard, said to be the first of its kind, ensures GH2’s participants produce hydrogen with 100% or near 100% renewable energy with close to zero greenhouse gas (GHG) emissions.
By committing to the standard Hy Stor intends to comply with its criteria in its anticipated Mississippi Clean Hydrogen Hub and future projects.
H2 View understands the goal of the green hydrogen production standard is to aid the decarbonisation of hard-to-abate sectors to meet urgent Net Zero goals. Green hydrogen projects that meet the standard will be able to use the label ‘GH2 Green hydrogen’.
Additionally, the projects will be eligible to obtain and trade GH2 certificates of origin for green hydrogen and derivatives such as green ammonia.
Commenting on Hy Stor’s participation, Stephen Wright, Executive Director of the Gulf States Renewable Energy Industry Association (GSREIA), said, “The passage of the Inflation Reduction Act (IRA) is a paradigm shifting victory for energy innovation in this country.
“As the energy revolution continues to pick up pace, GSREIA commends Hy Stor Energy and the Green Hydrogen Organisation for developing a gold star standard for green hydrogen. We at GSREIA will accept and uphold the definition and we urge its adoption in our Gulf Region and beyond.”
Additionally, Hy Stor has also revealed it is supporting Youth for Green Hydrogen, a movement of young people working towards accelerating climate solutions and green hydrogen, in hopes of establishing the group’s first North American Chapter.
Sailesh Singal, co-founder of Youth for Green Hydrogen, said, “We welcome our partnership with Hy Stor Energy to strengthen youth participation and partnerships in creating Green Hydrogen youth-led innovation and climate solutions in North America and around the world.”
Hy Stor’s commitments to the progress of green hydrogen follows on closely after the US Senate passed the Inflation Reduction Act which offered hopes of reducing the cost of low-carbon hydrogen production, with tax credits.
Laura Luce, CEO of Hy Stor Energy, said, “Now that the Senate has passed the IRA, the largest climate investment legislation in U.S. history, there is no time to waste on enabling green hydrogen production and storage to better ensure clean, air, clean water, and public health in our communities for now and generations to come.
“Not only will this legislation accelerate clean energy manufacturing at pace and scale, but there is 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 are ready to scale green hydrogen in North America and be a leader in setting the gold standard for zero-carbon, zero-methane hydrogen. And by enabling the youth of the world to have a leading voice in this conversation, 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.”
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