Energy Storage, GHG Emissions - August 17, 2022
U. S. Steel, Equinor and Shell Explore Clean Energy Opportunities
U.S. Steel, Equinor US Holdings and Shell US Gas & Power entered into a non-exclusive cooperation agreement to advance a collaborative clean energy hub in the Ohio, West Virginia and Pennsylvania region.
The hub will focus on decarbonization opportunities that feature carbon capture utilization and storage (CCUS) as well as hydrogen production and utilization. The development of this hub, and its associated infrastructure, would generate significant reductions in carbon emissions.
The regional CCUS and hydrogen hub aligns with both the United States' and project partners’ ambitions to realize net-zero carbon emissions by 2050. To support its development, Equinor and Shell will jointly apply for U.S. Department of Energy funding designated for the creation of regional clean energy hubs. U. S. Steel is evaluating the role it may play in the hub, including as a potential funding participant, customer, supplier or partner.
“Establishing a low carbon hub in this region could have a profound impact on both the climate and the economy, creating sustainable jobs that will support families for many years to come,” says Grete Tveit, SVP Equinor Low Carbon Solutions in a statement. “For 14 years we have been engaged and investing in this region, and our significant equity gas production in the Appalachia region has proved to be an important low carbon asset in our portfolio. In collaboration with partners and the local community, we’re proud to advance this initiative and America’s net zero future.”