Hydrogen Heads South as U.S. Companies Push for Regional Hub

November 3, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Hydrogen-production projects are springing up across the U.S., fueled by growing interest from the Chemical Processing Industry and the U.S. Department of Energy's (DOE) $8 billion program to develop clean-hydrogen hubs nationwide. But several southeastern states have lagged the rest of the nation in hydrogen development, and a coalition of companies such as Dominion Energy Incorporated (NYSE:D) (Richmond, Virginia), Southern Company (NYSE:SO) (Atlanta, Georgia) and Duke Energy (NYSE:DUK) are trying to change that. The group aims to create a six-state hydrogen hub.

The Southeast Hydrogen Hub coalition includes hydrogen users in Alabama, Georgia, Kentucky, North Carolina, South Carolina and Tennessee. Of the more than $50 billion worth of U.S.-based hydrogen projects tracked by Industrial Info, only $574 million worth are in these six states. These include projects Plug Power Incorporated (NASDAQ:PLUG), Matheson Tri-Gas Incorporated, Nippon Sanso Holding Corporation, Vertex Energy Incorporated (NASDAQ:VTNR), Louisville Gas and Electric Company, Kentucky Utilities Company and PPL Corporation (NYSE:PPL).