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ITM Power Announcement: Entry into the US market (Green hydrogen)
Entry into the US market16 October, 2023
ITM Power announces that the company is commencing bidding into projects in the US market.
We are now able to supply the same stack, the heart of any ITM electrolyser, into both CE and ASME territories. This standardisation was an important precursor for us, so that we can use one production process and supply chain, simplifying operations and enabling economies of scale.
ITM will pursue an accelerated, asset-light entry into the US market, building on our strong relationships with various North America based industry leaders, some of which we announced recently as collaborations to cement our technology leadership and future proof our supply chain as we scale.
The US is widely recognised as having the potential to become one of the largest markets for electrolysers. Supported by the $370 billion Inflation Reduction Act (IRA), the US National Clean Hydrogen Strategy and Roadmap, released in June 2023, identified future demand scenarios, with strategic opportunities for the domestic production of 10 million metric tonnes (MMT) of clean hydrogen annually by 2030, 20 MMT annually by 2040, and 50 MMT annually by 2050. It complements the $9.5 billion investment for clean hydrogen through the Infrastructure Law. To put the US domestic production opportunity into context, the International Energy Agency (IEA) estimates that the current global use of grey hydrogen is 95 MMT per annum.
Dennis Schulz, CEO ITM, said: “The US has the potential to become one of the largest markets for green hydrogen. The region’s green hydrogen journey has just started, which provides ITM with a tremendous opportunity to become a leading electrolyser provider as the market develops over the coming years.”
…
ITM Power announces that the company is commencing bidding into projects in the US market.
We are now able to supply the same stack, the heart of any ITM electrolyser, into both CE and ASME territories. This standardisation was an important precursor for us, so that we can use one production process and supply chain, simplifying operations and enabling economies of scale.
ITM will pursue an accelerated, asset-light entry into the US market, building on our strong relationships with various North America based industry leaders, some of which we announced recently as collaborations to cement our technology leadership and future proof our supply chain as we scale.
The US is widely recognised as having the potential to become one of the largest markets for electrolysers. Supported by the $370 billion Inflation Reduction Act (IRA), the US National Clean Hydrogen Strategy and Roadmap, released in June 2023, identified future demand scenarios, with strategic opportunities for the domestic production of 10 million metric tonnes (MMT) of clean hydrogen annually by 2030, 20 MMT annually by 2040, and 50 MMT annually by 2050. It complements the $9.5 billion investment for clean hydrogen through the Infrastructure Law. To put the US domestic production opportunity into context, the International Energy Agency (IEA) estimates that the current global use of grey hydrogen is 95 MMT per annum.
Dennis Schulz, CEO ITM, said: “The US has the potential to become one of the largest markets for green hydrogen. The region’s green hydrogen journey has just started, which provides ITM with a tremendous opportunity to become a leading electrolyser provider as the market develops over the coming years.”
…
9 replies
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= new reply since forum marked as read
Hydrogen gas is highly explosive and notoriously difficult to contain.
]
https://www.reuters.com/article/us-nel-blast-idUSKBN2AG2N4]
Norway fines Nel units $3 million over 2019 blast at hydrogen fuel station
By Reuters Staff
2 Min Read
OSLO (Reuters) - Nel, a Norwegian maker of zero-emission hydrogen technology, said on Tuesday the authorities had fined two of its units a total of 25 million crowns ($2.97 million) for an incident at a hydrogen fuel station in 2019.
Hydrogen gas leaked from a tank at the station near Oslo in June 2019 and exploded, injuring three people when a pressure wave triggered airbags in their cars nearby, according to Nel and police reports.
...
The company has previously said it took responsibility for the incident, which it said was caused by an assembly error of a specific plug in a hydrogen tank in a high-pressure storage unit.
Since then, the company has changed assembly procedures and says its hydrogen refuelling stations are as safe as conventional fuelling stations.
By Reuters Staff
2 Min Read
OSLO (Reuters) - Nel, a Norwegian maker of zero-emission hydrogen technology, said on Tuesday the authorities had fined two of its units a total of 25 million crowns ($2.97 million) for an incident at a hydrogen fuel station in 2019.
Hydrogen gas leaked from a tank at the station near Oslo in June 2019 and exploded, injuring three people when a pressure wave triggered airbags in their cars nearby, according to Nel and police reports.
...
The company has previously said it took responsibility for the incident, which it said was caused by an assembly error of a specific plug in a hydrogen tank in a high-pressure storage unit.
Since then, the company has changed assembly procedures and says its hydrogen refuelling stations are as safe as conventional fuelling stations.
Don’t you have anything more current?
Something to notice in that 2nd video. The bus that burned is destroyed. How about the one behind it? The storage facility?
https://www.energy.gov/eere/fuelcells/hydrogen-storage
