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

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

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


Attachment: US-SEhydrogen1122

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).

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