By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > Geologists signal start of hydrogen energy ‘gold rush’
News

Geologists signal start of hydrogen energy ‘gold rush’

News Room
Last updated: 2024/02/18 at 7:58 PM
By News Room
Share
4 Min Read
SHARE

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

Geologists are signalling the start of a new energy “gold rush” for a previously neglected carbon-free resource — hydrogen generated naturally within Earth.

As much as 5tn tonnes of hydrogen exists in underground reservoirs worldwide, according to an unpublished study by the US Geological Survey.

Previewing the results at the American Association for the Advancement of Science annual meeting in Denver, project leader Geoffrey Ellis said: “Most hydrogen is likely inaccessible, but a few per cent recovery would still supply all projected demand — 500mn tonnes a year — for hundreds of years.”

The demand for hydrogen as a fuel and industrial raw material, particularly to make ammonia for fertiliser production, has been mainly met so far by chemically reforming gas that is made up largely of methane, known as “blue hydrogen” when the carbon emissions are captured or “grey hydrogen” when they are not.

A smaller amount is made by splitting water through electrolysis using renewable energy sources, known as “green hydrogen”.

But Mengli Zhang of the Colorado School of Mines said tapping natural hydrogen — also known as geologic or gold hydrogen — would be cleaner and cheaper than blue or green hydrogen. “A gold rush for gold hydrogen is coming,” she told the conference.

The prospect is beginning to attract interest from investors. US start-up Koloma raised $91mn last year from funds including Bill Gates’s Breakthrough Energy Ventures.

“Geologic hydrogen represents an extraordinary opportunity to produce clean hydrogen in a way that is not only low carbon, but also low land footprint, low water footprint and low energy consumption,” said Paul Harraka, Koloma’s chief business officer.

US company Natural Hydrogen Energy has drilled an exploratory well in Nebraska. “It will take a couple of years to ramp up to commercial production,” said Viacheslav Zgonnik, chief executive. “We are doing everything we can to get there faster.”

Previous scientific opinion held that little pure hydrogen was likely to exist near Earth’s surface because it would be consumed by subterranean microbes or destroyed in geochemical processes.

But geologists now believe hydrogen is generated in large quantities when certain iron-rich minerals react with water, Alexis Templeton of the University of Colorado, Boulder, told the AAAS conference.

Hydrogen requires different geological conditions from oil and natural gasfields. “We haven’t looked for hydrogen resources in the right places with the right tools,” said Ellis.

Geologists are now finding natural hydrogen reserves around the world. This month researchers reported that more than 200 tonnes of hydrogen a year were flowing from the Bulqizë chromite mine in Albania.

The village of Bourakébougou in Mali is often seen as the birthplace of natural hydrogen extraction. Since 2012, almost pure hydrogen has flowed from a borehole there with no diminution of pressure, giving villagers their first electricity supply.

Ellis said the Bourakébougou gas well may have inspired a hydrogen rush comparable with the birth of the petroleum industry in 1859, when Edwin Drake drove a pipe into the ground at Titusville, Pennsylvania and struck oil.

Read the full article here

News Room February 18, 2024 February 18, 2024
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
GM’s tariff turnaround is “staggering”: Analyst

Watch full video on YouTube

We Saw Lucid’s Turnaround Plan And The Stakes Are Huge

Watch full video on YouTube

Franklin Mutual International Value Fund Q3 2025 Commentary (MEURX)

Franklin Resources, Inc. is a global investment management organization with subsidiaries operating…

US bars former EU commissioner Thierry Breton and others over tech rules

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Why you shouldn’t cash out when stocks fall

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

News

Franklin Mutual International Value Fund Q3 2025 Commentary (MEURX)

By News Room
News

US bars former EU commissioner Thierry Breton and others over tech rules

By News Room
News

BJ’s Wholesale Club: Gaining More Confidence In Its Ability To Grow EPS

By News Room
News

The 200-Year-Old Secret: Why Preferred Stock Is The Ultimate Fixed Income Hybrid

By News Room
News

US steps up blockade of Venezuela by seeking to board third oil tanker

By News Room
News

Fraudsters use AI to fake artwork authenticity and ownership

By News Room
News

JPMorgan questioned Tricolor’s accounting a year before its collapse

By News Room
News

Delaware high court reinstates Elon Musk’s $56bn Tesla pay package

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?