Great Lakes Clean Hydrogen Coalition Encouraged to Submit Full Application by U.S. Department of Energy
Rhea-AI Summary
The Great Lakes Clean Hydrogen coalition (GLCH) has received encouragement from the U.S. Department of Energy (DOE) to submit a full hydrogen hub application. This coalition includes Linde (NYSE: LIN), Cleveland-Cliffs (NYSE: CLF), and others. Their project focuses on developing low-carbon hydrogen through electrolysis at the Davis-Besse Nuclear Power Station in Ohio, aiming for a total investment exceeding $2 billion. Half of the funding is requested from the DOE's regional hydrogen hub initiative. The initiative targets decarbonization in steel, aviation, and glass industries while fostering environmental justice and job creation.
Positive
- Received encouragement from DOE to proceed with hydrogen hub application.
- Total project investment expected to exceed $2 billion.
- 50% of funding requested from federal infrastructure funding.
- Focus on decarbonization in multiple industries, benefiting local communities.
Negative
- None.
News Market Reaction – CLF
On the day this news was published, CLF gained 0.10%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
GLCH has proposed to develop low-carbon hydrogen via electrolysis based in
The GLCH project is built on the foundation of ongoing, preliminary work supported by the
Initially, this proposal addresses decarbonization in the steel, aviation, and glass industries while supporting the transition to hydrogen transit in buses and other vehicles. Through the full scope of the application, GLCH intends to grow to serve additional companies operating in the
Building upon three-years of work with the
GLCH believes it differentiates itself from other hub initiatives through the use of existing carbon free infrastructure from
Linde is a leading global industrial gases and engineering company with 2021 sales of
The company serves a variety of end markets including chemicals & energy, food & beverage, electronics, healthcare, manufacturing, metals and mining. Linde's industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purity & specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.
For more information about the company and its products and services, please visit www.linde.com
For more information on
A public research university offering more than 250 undergraduate and graduate programs and internationally recognized in renewable energy and water research, and its ability to connect research to the broader community. The University is leading the diversity, equity and environmental justice aspects of GLCH's application.
GMIC is a 501(c)(6) non-profit trade association representing the interests of the glass manufacturing industry. GMIC bridges all segments of glass manufacturing, including float glass, container, fiber, and specialty glass. GMIC does for individual companies what they would find difficult to do on their own; provide technical education, coordinate technical initiatives, provide industry intelligence, develop workforce, advocate with lawmakers, promote the usage and image of glass products and provide opportunities to meet and exchange ideas. Incorporated in 1998, the council is governed by a board of trustees with offices in
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FAQ
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