Williams Selected to Participate in Two Clean Hydrogen Hubs

Rhea-AI Summary

U.S. Department of Energy selects Williams as a participant in two hydrogen hubs for investment and development

Positive

• Williams is partnering to develop the Pacific Northwest Hydrogen Hub and the Appalachian Regional Clean Hydrogen Hub
• Williams plans to build hydrogen pipelines to transport clean hydrogen and reduce emissions in key energy sectors
• The Appalachian Clean Hydrogen Hub aims to produce low-cost clean hydrogen and store carbon emissions
• Williams will leverage its existing natural gas infrastructure and partnership opportunities in the region

Negative

• None.

• U.S. Department of Energy selects the Pacific Northwest Hydrogen and Appalachian Regional Clean Hydrogen Hubs for investment and development, two hubs that Williams has partnered to develop as regional hydrogen hubs
• As one of the nation’s leading energy infrastructure providers, Williams is committed to leveraging our expertise and assets to advance the potential development of a hydrogen energy economy

TULSA, Okla.--(BUSINESS WIRE)-- Williams (NYSE: WMB) continues to advance efforts to commercialize a clean hydrogen economy, following the U.S. Department of Energy’s (DOE) announcement that Williams is a participant in two hydrogen hubs. The two hubs – one in the Pacific Northwest and the other in Appalachia – were selected to begin award negotiations with the DOE’s Office of Clean Energy Demonstrations.

“Williams is excited to play a key part in these hydrogen hubs and I congratulate our teams for their ingenuity and expertise in leveraging natural gas infrastructure to advance the emerging hydrogen energy space,” said Chad Zamarin, Executive Vice President for Corporate Strategic Development at Williams. “As one of the largest energy infrastructure providers in the United States, our strategy is centered upon the belief that we can only achieve the ambitions of scaling new energy technologies through leveraging our existing energy ecosystem. Our natural gas infrastructure is a national treasure and must serve as a springboard for developing the energy solutions of the future.”

The DOE received over 79 applications for the Regional Clean Hydrogen Hubs Program, 33 of which were encouraged to make full applications, and seven of which were chosen to receive $7 billion in funding. Williams is proud to be part of two of the seven hubs selected: The Pacific Northwest Hydrogen Hub and the Appalachian Regional Clean Hydrogen Hub.

The Pacific Northwest Hydrogen Hub is focused on reducing the emissions of hard-to-abate sectors such as transportation, energy storage, ports, agriculture and industrial operations. Williams was named as a sub-recipient of DOE funding and plans to build hydrogen pipelines to safely and reliably transport clean hydrogen to advance the decarbonization of key energy consumers.

The Appalachian Clean Hydrogen Hub intends to leverage the region’s ample access to low-cost natural gas to produce low-cost clean hydrogen and permanently and safely store associated carbon emissions. The hub will include the development of hydrogen pipelines, multiple hydrogen fueling stations, and permanent CO2 storage to drive down the cost of hydrogen distribution and storage. As part of the DOE program, Williams will leverage its footprint and partnership opportunities in the region where Williams has a large natural gas gathering, processing and transportation presence.

About Williams

As the world demands reliable, low-cost, low-carbon energy, Williams (NYSE: WMB) will be there with the best transport, storage and delivery solutions to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation, storage, wholesale marketing and trading of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 33,000 miles of pipelines system wide – including Transco, the nation’s largest volume natural gas pipeline – and handles approximately one third of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use. Learn how the company is leveraging its nationwide footprint to incorporate clean hydrogen, NextGen Gas and other innovations at www.williams.com.

Portions of this document may constitute “forward-looking statements” as defined by federal law. Although Williams believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in Williams’ annual and quarterly reports filed with the SEC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231017545067/en/

MEDIA:

media@williams.com

(800) 945-8723

INVESTOR CONTACTS:

Danilo Juvane

(918) 573-5075

Caroline Sardella

(918) 230-9992

Source: Williams

FAQ

What are the two hydrogen hubs that Williams is participating in?

Williams is participating in the Pacific Northwest Hydrogen Hub and the Appalachian Regional Clean Hydrogen Hub.

What is Williams' plan to reduce emissions in key energy sectors?

Williams plans to build hydrogen pipelines to transport clean hydrogen and reduce emissions in key energy sectors.

What is the goal of the Appalachian Clean Hydrogen Hub?

The goal of the Appalachian Clean Hydrogen Hub is to produce low-cost clean hydrogen and store carbon emissions.

How will Williams leverage its existing infrastructure?

Williams will leverage its existing natural gas infrastructure and partnership opportunities in the region.