Phillips 66 Receives $3 Million Grant to Advance Reversible Solid Oxide Fuel Cell Technology
01/21/2021 - 02:00 PM
Phillips 66 (NYSE: PSX) today announced it has received a $3 million grant from the U.S. Department of Energy to advance the development of high-performance reversible solid oxide fuel cells.
Phillips 66 will collaborate with the Georgia Institute of Technology (Georgia Tech) to demonstrate the commercial feasibility of a low-cost and highly efficient reversible solid oxide fuel cell (RSOFC) system for hydrogen and electricity generation. The technology is one of many Phillips 66 is pursuing as part of its commitment to a sustainable, lower-carbon energy future.
“Our scientists and engineers are at the forefront of solid oxide fuel cell technology,” said Ann Oglesby, VP, Energy Research & Innovation at Phillips 66. “We are pleased to partner with Georgia Tech to demonstrate the commercial feasibility of this innovative reversible system.”
SOFCs are ceramic devices that generate electricity efficiently, with low emissions and at a competitive cost by oxidizing a fuel, such as hydrogen or natural gas, through electrochemical reactions rather than combustion. They have a lower carbon footprint compared with conventional power plants and are an ideal technology for the capture of carbon dioxide.
Reversible SOFCs allow for the fuel cells to operate in either power generation mode, as a solid oxide fuel cell, or reverse mode, as a solid oxide electrolysis cell. In the latter, electricity is applied to the cells to produce hydrogen, a low-emission fuel, through electrolysis.
Phillips 66 has made significant technical progress in the area of solid oxide fuel cells and holds eight U.S. granted patents and 22 pending U.S. patent applications in its SOFC intellectual property portfolio.
The grant was awarded by the Department of Energy’s Office of Fossil Energy. Phillips 66 will be the research lead on the grant, with Georgia Tech as a collaborative partner.
About Phillips 66
Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores and markets fuels and products globally. Phillips 66 Partners, the company’s master limited partnership, is integral to the portfolio. Headquartered in Houston, the company has 14,500 employees committed to safety and operating excellence. Phillips 66 had $54 billion of assets as of Sept. 30, 2020. For more information, visit www.phillips66.com or follow us on Twitter @Phillips66Co .
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safety. honor. commitment. we are phillips 66, and we manufacture energy products you use every day. we refine and market petroleum products, such as gasoline, diesel, jet fuel and lubricants; gather and process natural gas and natural gas liquids (ngl) for powering businesses, heating homes, cooking and electricity; and manufacture petrochemicals, polymers and plastics found in cars, electronics, and other everyday goods. through financial strength and safe, reliable operations, we are delivering on a business strategy to enhance returns, grow the company, increase distributions to shareholders and build a highperforming team. we are phillips 66, and with our partners and suppliers, we create jobs. we have 14,000 colleagues in america and around the world. together we’re building a company founded on safety, honor and commitment. safety. we protect each other, our environment, and our communities. honor. we stand behind our word, and you can count on us to do the right
