Driving Hydrogen Innovation: US National Petroleum Council's Recommendations
Key Ideas
- The National Petroleum Council, chaired by Chevron's CEO, released a comprehensive report with 23 recommendations to boost hydrogen solutions in the U.S.
- Recommendations cover policy, societal impacts, safety considerations, and technology development to advance hydrogen adoption and support climate goals.
- Chevron emphasizes the importance of policy alignment, technology advancements, and social acceptance to scale the hydrogen ecosystem effectively.
- This report is expected to guide policymakers, companies, and stakeholders in planning and executing large-scale hydrogen projects in the country.
A new study led by the National Petroleum Council, steered by Chevron's Chairman and CEO Mike Wirth, has been unveiled, aiming to enhance hydrogen solutions in the United States. This comprehensive report, spanning over 1,200 pages, reflects the inputs of more than 200 experts from diverse energy industry, government, academic, and environmental backgrounds. The two-year effort, prompted by U.S. Secretary of Energy Jennifer Granholm, focuses on leveraging hydrogen to meet national climate objectives.
The report delves into 19 key findings and 23 recommendations across various domains, including policy and regulation, societal impacts and safety, and technology research and development. These recommendations highlight the need for legislative support to bridge cost disparities between hydrogen and conventional fuels, bolster investor confidence, and streamline regulatory processes. Moreover, the report underscores the significance of creating value chains that benefit society, engaging communities effectively, and fostering workforce development.
Chevron's Vice President of Hydrogen, Austin Knight, underscores the importance of aligning policies with climate targets, leveraging technology advancements to drive down costs, and implementing best practices for societal acceptance to scale up hydrogen infrastructure. Mike Wirth, Chevron's CEO, stresses that the report's insights, gathered from a wide array of industries, are pivotal in enabling innovation and accelerating the deployment of hydrogen solutions across the U.S.
Chevron anticipates that this report will serve as a guiding framework for policymakers, organizations, and businesses embarking on sizeable hydrogen initiatives. The company, committed to expanding its hydrogen business, recognizes the transformative potential of aligning strategies with the report's recommendations to propel the hydrogen ecosystem forward in aiding global climate ambitions.
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