‘Turquoise’ hydrogen venture expects negative operating costs in parts of US

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Technology upstart Modern [Hydrogen] has cracked the code for turning natural gas into clean hydrogen cheaply, with negative production and delivery costs expected for some parts of the US, according to the company’s CEO [Tony Pan].

Though still a nascent technology, the use of methane pyrolysis for carbon-free hydrogen production has been endorsed by the DOE's Loan Programs Office. In December 2021, the office guaranteed a $1.04 billion loan that Monolith Materials Inc. will use to expand its turquoise hydrogen facility in Hallam, Neb. Modern [Hydrogen], based in the Seattle area, produces equipment that can be installed at the end of the natural gas distribution network, separating out the carbon and delivering hydrogen to the customer. Read Full Article