Accelerating Economics and Deployment
April 11, 2024. Albany, NY
The Standard Hydrogen Corporation (SHC) and partners, the Pacific Northwest National Laboratory (PNNL), the New York State Energy Research and Development Authority (NYSERDA), and including new support from both the Office of Electricity (OE) and the Hydrogen and Fuel Cell Technologies Office within the US Department of Energy (DOE), are nearing the completion of work to accelerate the deployment of hydrogen energy storage facilities through firming up the scalable business model that will deliver economic returns to customers and investors, as well as potent environmental benefits, benefiting all parties.
SHC’s Energy Transfer System™ (ETS) leverages commercialized components for rapid deployment, while establishing a novel business model that generates multiple value and revenue streams from a single installation. The results are potent emissions reductions, economical and versatile electrical energy storage, and rapidly driving down the cost of renewable hydrogen for customers.
“The ETS provides both Economic returns and community benefits; we’re proud of that and PNNL’s work will help us introduce ETS in a manner that accelerates both economic and community returns.”
—Bill Dailey, VP and cofounder of SHC
In 2021, NYSERDA announced the initial award to SHC under its Electric Power Transmission and Distribution High-Performing Grid program. With this and other external support, Standard Hydrogen has established the site agnostic engineering designs for the ETS Standard Plant, along with the scalable revenue model for SHC’s ETS.
“NYSERDA is pleased to support the expansion of this high-performing grid project to further advance innovation in renewable hydrogen…”
—Scott Egbert, Program Manager for Renewable Optimization and Energy Storage Innovation at NYSERDA
The additional collaboration between PNNL and SHC was launched to help accelerate deployment of clean energy infrastructure for power and fuel based on renewable hydrogen. That work is now wrapping up, with critical accelerating effect to deployments of renewable hydrogen installations in SHC’s pipeline.
Read the full press release, here.