Hy Stor Energy commits to global green hydrogen standard
By Becky Schultz12 August 2022
Mississippi-based Hy Stor Energy LP, which provides renewably produced green hydrogen and energy storage at scale, has partnered with the Green Hydrogen Organisation (GH2) to become the first pledge member in North America to advocate for the GH2 Green Hydrogen Standard. In making this pledge, Hy Stor Energy commits to produce hydrogen with 100% or near 100% renewable energy with close to zero greenhouse gas emissions for its Mississippi Clean Hydrogen Hub currently in development and all future projects.
“The GH2 Standard provides certainty and transparency to investors and other stakeholders that green hydrogen is exactly that: hydrogen made with renewable electricity which conforms to the highest standards on emissions, ESG and the sustainable development goals,” said Malcolm Turnbull, chairman of GH2. “We are thrilled that Hy Stor Energy has pledged to advocate our standard across North America and has committed to ensuring its projects meet the standard.”
Green hydrogen projects that meet the GH2 Standard will be licensed to use the label “GH2 Green Hydrogen” and will be eligible to obtain and trade GH2 certificates of origin for green hydrogen and derivatives such as green ammonia, Hy Stor Energy explained in its announcement. Since most projects, like Hy Stor Energy’s Mississippi Clean Hydrogen Hub, are still in the early design phase, each project will be independently evaluated in accordance with the standard to identify any issues or concerns that might constitute a barrier to accreditation.
The company added that it is focused on the “urgent need to commercialize, deploy and scale green hydrogen as it is critical to meet decarbonization goals and mitigate climate change.”
“Now that the Senate has passed the IRA (Inflation Reduction Act), 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,” said Laura L. Luce, CEO of Hy Stor Energy. “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.”
Hy Stor Energy is also supporting the Youth for Green Hydrogen – an inclusive movement of young people working toward accelerating climate solutions and scale green hydrogen – in the establishment of the group’s first North America Chapter. The company will work with it and other organizations such as universities and national labs to develop a positive, action-based path forward through education and advocacy.
The Hy Stor Energy team signed both the GH2 Green Hydrogen Standard and the Youth for Green Hydrogen Declaration at the first GH2 Global Assembly in Barcelona earlier this year.