When Monolith's founders set out to find new ways to create a clean energy future, they found their solution in the past. another MHI Group investment partner, has one such solution, which it's looking to commercialize in the near term. To that end, MHI Group is partnering with companies that are developing innovative ways to create clean hydrogen. For example, the e-fuels produced by Infinium, an MHI Group investment partner, use captured carbon as a feedstock.Ī robust hydrogen market requires other methods that reduce or eliminate the CO 2 generated in production. As a leader in carbon capture utilization and storage technology, MHI Group has long had an interest in developing a market for captured carbon, and its investments will enable processes that make use of the CO 2 to help reduce hydrogen production emissions in the short term. Although cost-effective and technically proven at scale, this conventional technology emits significant carbon dioxide.Ĭompanies that rely on steam methane reforming today must capture the CO 2 they create. Most hydrogen manufacturing today involves steam methane reforming, a process that uses natural gas as a feedstock. Shutterstock Beyond conventional production In addition to a supply of clean hydrogen, we'll also need enough demand to make producing hydrogen at scale economically compelling.Ĭarbon capture utilization and storage technology helps reduce emissions from hydrogen production in the short term. Realizing the energy transition and becoming carbon-neutral will require a robust hydrogen market. These collaborations are critical to connecting a variety of innovative technologies to rapidly developing markets.
The need to develop new types of hydrogen production is driving cooperation and commitment from a wide range of companies, from start-ups to industrial giants. You can track it through the patent literature." –Rob Hanson, CEO of Monolith More cooperation, more commitments "People have been working on this problem nonstop for 100 years. Decarbonizing them will move the needle substantially when it comes to emissions.īut these solutions require producing hydrogen at scale economically. Hydrogen is also a clean candidate to replace coal in energy-intensive industrial applications such as steel and cement production. Hydrogen fuel cells have long seemed the most likely solution, with some analysts expecting annual growth rates of nearly 67% between 20. But heavier modes of transport – trucks, buses, airplanes and ships – need more power than batteries can currently deliver. In Europe, electric vehicles surpassed 10% of the total passenger cars sold in 2020, up from 4% in 2019.
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