Saoradh Enterprise Partners (SEP), a cleantech venture capital and research firm based in Boulder, Colorado, is pleased to announce the purpose and members of its hydrogen data consortium, each member having taken a seat specific to its role in the North American hydrogen ecosystem.
The consortium provides members with detailed, comprehensive market data and critical analysis to enable business decisions for technology innovation, project development, and end-use market applications. This data and analysis cover current and future hydrogen supply and demand (thousands of sites tracked at the plant level), infrastructure and market mapping, delivered hydrogen pricing, supply chain tracking, current and archival news curation, project and market evaluation tools, and member education and networking.
The consortium member organizations are poised to play key roles in shaping the future of the hydrogen industry in North America. To date, they include Ambient Fuels, Breakthrough Energy, Cemvita, EPRI, Lapis Energy, Plug Power, Q Hydrogen, SER Capital Partners, SLB, SoCalGas, Stanford University’s Hydrogen Initiative, Sumitomo Corporation of Americas and TotalEnergies.
Hydrogen is seen by many as a key element of the energy transition toward low-carbon and carbon-free energy infrastructure to address climate goals. Hydrogen use today is a $15 billion market in North America across eleven primary industry segments and nascent use for commercial vehicles – but making it today with traditional methods accounts for 2-3% of the continent’s carbon footprint. Of the 14 million metric tons of hydrogen consumed annually, about half is produced at industrial end-user sites and the rest at merchant sites and delivered by truck or pipeline to facilities that make chemicals, semiconductors, glass, petroleum, food oils, polycrystalline silicon for solar PV, ammonia for fertilizers, etc.
Hydrogen use is expected to double or triple by 2040 underpinned by clean hydrogen production technologies for new markets and to decarbonize production for current markets. Growth is being driven by advanced applications such as steelmaking and energy storage, hydrogen’s unique properties, and large-scale government incentives. Already, 85 new hydrogen production projects have been announced for North America. Key governmental incentives include $8 billion to support hydrogen hubs in the US Bipartisan Infrastructure Law passed in 2021 and up to $3 per kilogram (energy equivalent to a gallon of gasoline) in production tax credits created by the US Inflation Reduction Act of 2022.
“We are excited to announce this hydrogen data consortium with such a distinguished group of industry leaders including Fortune 500 companies, technology startups and large research organizations,” said Paul Nelson. “Clean hydrogen is poised to play a critical role in the transition to a low-carbon economy, and this consortium will provide members and SEP’s venture investing team with the tools and resources needed to make informed decisions and drive innovation and new projects.”