Has Hydrogen Slapped Us Awake (Yet)?

Has Hydrogen Slapped Us Awake (Yet)?

Japan isn’t fooling around about its intent to create a hydrogen society; it’s well on its way ahead of everyone. Reese Energy Consulting today is following the astonishing progress Japan continues to make in its determination to build a hydrogen economy. The country was the first to adopt a basic hydrogen strategy and framework back in 2017 with a goal to import 300,000 tons of the stuff by 2030 and become the global leader to embrace its many applications. In three short years, Japan has rolled out some extraordinary engineering feats on that end, including transportation, industry, large-scale infrastructure, supply chains, and planned urban living powered by H2 technology. In a series of world’s tops, the country lays claim to the first commercially viable fuel-cell vehicles and buses; the first marine carrier to ship liquefied hydrogen from Australia to Japan (also for the first time); the largest green hydrogen production facility; and a successful pilot project that ships hydrogen in chemical form from Brunei for Japanese power generation. Meantime in the U.S., we have a lot of catching up to do with power giants like NextEra and Entergy setting the course. Are we finally “woke”?

What do you think? Learn more about REC at www.ReeseEnergyConsulting.com.

You Might Also Like…

Gotta Whole Lotta Love

Gotta Whole Lotta Love

 If anything, 2020 has proven that the oil and gas industry still has a whole lotta life left for the foreseeable future. Times are uncertain, for certain. But like they say on the big screen, there’s no crying in baseball. Which aptly describes our producer and midstream clients who not only look for every advantage they can get right now but also are preparing for their energy business future. For some, that means immediate measures to identify and plug holes where revenues go lost, secure premium markets for gas sales, and take an electron microscope to contracts and agreements in need of renegotiation to boost bottom lines. But it also means finding and acting on new and emerging opportunities in a period of consolidation and industry evolution we see happening every day. Aside from the number of audits and due diligence projects REC performs throughout the year, we’re also at work on potential client A&Ds and producer services, facilitating design and commissioning of a new high-pressure gas line in the Mid-Continent, reporting on flared gas volumes, and exploring all the possibilities hydrogen offers as a fuel of the future.

What do you think?

Learn more about us at www.ReeseEnergyConsulting.com.

You Might Also Like…

The Heat Is On

The Heat Is On

A global foot race is heating up for a share of what could become a $700 billion industry that embraces hydrogen technology in the world’s efforts to reduce emissions. Reese Energy Consulting today is studying the dominant runners in this race—Europe and Asia—which are manufacturing electrolyzers at warp speed to produce hydrogen from electricity without the use of fossil fuels. The U.S. uses hydrogen predominantly as a chemical feedstock in refining and other high-heat processes. Europe and China, however, are focused on creating hydrogen economies to power trucks, trains, and airplanes in addition to industrial applications. With the financial backing of governments and the private sector, the biggest players also are positioning to become the biggest exporters. As an example, Hyundai will export 64,000 hydrogen-powered trucks by 2030. While the cost to produce hydrogen has long been a deterrent, the ramp-up of production, distribution, an import/export market, and higher demand could see prices fall exponentially. Japan expects to have 800,000 hydrogen-powered vehicles by 2030 and a cost reduction of 90% by 2050.

 

​What do you think?

Visit us at www.ReeseEnergyConsulting.com.

You Might Also Like…

A New Era Ahead for Pipelines?

A New Era Ahead for Pipelines?

There’s a lot of talk right now about the future of pipelines. Recent headlines would have you believe the days of pipelines are numbered as Big Oil sets dates to become Big Un-Oil and others in the industry start to implement renewables in their energy mix. But fewer pipelines won’t be a part of a fossil fuels transition. As a matter of fact, more pipelines will be necessary to transport cleaner sources of fuel like hydrogen, which is expected to become a dominant energy source along with hydro, nuclear, solar and wind. More pipelines will be required to move captured carbon dioxide for sequestration underground or for use by heavy industry. Our neighbors to the North are set to release a national hydrogen strategy before the end of the year to kickstart the sector’s growth and will include carbon-capture technology as well as natural gas to produce the fuel. Canada plans to seize hard upon the momentum hydrogen has gained with huge investments in technology and infrastructure. The country currently produces more than 3 million tons of the stuff a year.

What do you think?

Learn more about Reese Energy Consulting and our range of midstream services at www.ReeseEnergyConsulting.com.