Shell-led Consortium gets Nominated for the USA’s Mega Hydrogen Storage Project
The US Department of Energy has chosen the Shell-led consortium to showcase the feasibility of a large-scale tank for the storage of liquid hydrogen at the export and import terminals. The Shell consortium will be investigating the storage capability and the cost competitiveness of the 20,000-100,000 cubic metres storage tanks at the international trading terminals. The project will receive a total of USD 12 million in funding, with the US Department of Energy investing USD 6 million and Shell and McDermott each contributing USD 3 million.
Hydrogen prices is viewed to lead the
fast-growing green energy technologies owing to its ability to release zero
percent carbon emissions on combustion, hence being applied for powering vehicles.
Hydrogen is also used in refinery processes, fertilizer production, metal
treatment etc. Liquid hydrogen is widely used to fuel space vehicles. Despite
various advantages of hydrogen, its storage poses a huge challenge owing to its
extremely low volumetric energy density. Therefore, hydrogen is preferably
stored and transported in the liquid form.
As per ChemAnalyst,
the demand for hydrogen in the global market is expected to gain heights at a
CAGR of over 6%. The investment of the USA government in the hydrogen storage
project reflects its resoluteness towards promoting sustainable energy. This
also reveals the government’s strategy to emerge as a global leader in the
clean and sustainable energy market.
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