Heartland Hydrogen Hub Selected for U.S. Department of Energy Funding
- The Heartland Hydrogen Hub (HH2H) has been selected by the U.S. Department of Energy for a regional clean energy project, with funding negotiations for up to $925 million. This could positively impact the stock price of Marathon Petroleum Corporation (MPC), TC Energy, Xcel Energy, and Sumitomo Corporation of Americas involved in HH2H's development.
- None.
The following is a repost of North Dakota's Energy & Environmental Research Center (EERC) press release published on Oct. 13, 2023 at UNDEERC Blog
NORTHAMPTON, MA / ACCESSWIRE / October 23, 2023 / Marathon Petroleum Corporation
The U.S. Department of Energy has selected the Heartland Hydrogen Hub (HH2H) to advance a regional clean energy project. The funding award is under negotiations for up to
The University of North Dakota's Energy & Environmental Research Center (EERC), Marathon Petroleum Corporation (MPC), TC Energy, and Xcel Energy are leading HH2H's development. MPC and TC Energy are engaged with the Mandan, Hidatsa, and Arikara Nation and Sumitomo Corporation of Americas to establish their meaningful participation in the initiative.
"We thank the Department of Energy for recognizing Heartland Hydrogen Hub's commitment to the federal government's goals for clean hydrogen," said Charles Gorecki, CEO at the EERC. "We look forward to advancing the ‘all-of-the-above' approach that the hydrogen energy transformation enables."
HH2H aims to reduce CO2 emissions by integrating technologically diverse clean hydrogen projects. Utilizing various energy sources will deliver clean hydrogen to multiple end-use markets, including industrial operations, ammonia and urea fertilizer production, and natural gas blending for power generation and existing local distribution facilities. In addition to advancing the clean hydrogen market, HH2H will help reduce carbon emissions-by upwards of 1 million metric tons per year-from multiple sectors in the region, such as agriculture and industrial manufacturing.
"Clean fuels are a critical component of enabling economy-wide decarbonization. The Heartland Hydrogen Hub is game-changing initiative that demonstrates how we're accelerating the development of the next generation of clean energy technology with significant benefits for our customers and the environment," said Bob Frenzel, Xcel Energy Chairman, President and CEO. "The strong partnership with our Upper Midwest states and other energy providers demonstrates our commitment to increasing economic impact while achieving carbon reduction goals for our customers."
HH2H has engaged with communities, tribes, and other stakeholders to identify strategies and programs to promote shared prosperity in the project region. This work contributes to the federal government's Justice40 goal, which aims to ensure
"As we continue challenging ourselves to lead in sustainable energy, we are excited about the possibilities opened up by the Heartland Hydrogen Hub funding," said Dave Heppner, MPC's Senior Vice President of Strategy and Business Development. "We're confident that the future of this region's sustainable energy industry is bright."
"We are committed to being a leader in delivering reliable, low-carbon energy solutions for our customers across North America," said Omar Khayum, TC Energy, Vice President of Energy Origination and Development. "This award for the Heartland Hydrogen Hub provides validity to our partnership group that hydrogen is an important element in the low-carbon energy future."
The Department of Energy's Regional Clean Hydrogen Hubs (H2Hubs) will kick-start a national network of clean hydrogen producers, consumers, and connective infrastructure while supporting the production, storage, delivery, and end use of clean hydrogen. Funded by President Biden's Investing in America agenda, the H2Hubs will accelerate the commercial-scale deployment of clean hydrogen-helping generate clean, dispatchable power; create a new form of energy storage; and decarbonize heavy industry and transportation. Together, they will also reduce 25 million metric tons of carbon dioxide emissions from end uses each year and create tens of thousands of good-paying jobs across the country while supporting healthier communities and strengthening America's energy security.
About the Energy and Environmental Research Center
The Energy & Environmental Research Center (EERC) is a world leader in developing cleaner, more efficient energy to power the world and environmental technologies to protect and clean our air, water, and soil.
About Marathon Petroleum Corporation
Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system. MPC's marketing system includes branded locations across the United States, including Marathon brand retail outlets. MPC also owns the general partner and majority limited partner interest in MPLX LP, a midstream company that owns and operates gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure.
About TC Energy
TC Energy Corporation is a major North American energy company, based in Calgary, Alberta, Canada, that develops and operates energy infrastructure in Canada, the United States, and Mexico. The company operates three core businesses: Natural Gas Pipelines, Liquids Pipelines, and Energy Solutions. Energy Solutions aims to leverage the size and scale of our energy network and trading platform to be the most trusted and reliable source of low-carbon energy for the North American industrial, oil, and natural gas sectors.
About Xcel Energy
Xcel Energy is a major U.S. electricity and natural gas company, with operations in eight Western and Midwestern states. Xcel Energy provides a comprehensive portfolio of energy-related products and services to 3.7 million electricity customers and 2.1 million natural gas customers through its regulated operating companies. Company headquarters are located in Minneapolis.
Contact Information: eercinfo@undeerc.org
Contact Info:
Spokesperson: Marathon Petroleum Corporation
Website: https://www.3blmedia.com/profiles/marathon-petroleum-corporation
Email: info@3blmedia.com
SOURCE: Marathon Petroleum Corporation
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https://www.accesswire.com/795695/heartland-hydrogen-hub-selected-for-us-department-of-energy-funding
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