AltaSea White Paper Explains Advantages of Sustainable Green Hydrogen Market

Published on:
by KnowESG

AltaSea at the Port of Los Angeles published a 52-page white paper outlining how Southern California is well positioned to kickstart an economically self-sustaining green hydrogen economy.

Along with partners like 7th Generation Advisors, Accenture, Energy Independence Now, and Momentum, AltaSea did most of the research and writing for the white paper.

According to the report, California contains the vast majority of hydrogen refuelling stations in the US, 71% of the total number of hydrogen fuel cell electric vehicles (FCEVs) in the US, and a plethora of hard-to-electrify industries that might benefit from hydrogen-electric technologies. 

These advantages are backed by one of the world's strongest economies. In 2021, California had a gross domestic product (GDP) of $3.36 trillion, which was 14.6% of the whole US economy.

“Both California as a whole and the Southern California region, in particular, are leading efforts to decarbonise the state’s modern economy, while creating new jobs, advancing equity, and tackling some of the state’s most pressing environmental challenges, including drought, wildfires, extreme heat, poor air quality, and pollution,” said the report.

AltaSea President & CEO Terry Tamminen, architect of California’s pioneering Hydrogen Highway, said: 

"Our research underscores the many opportunities to decarbonise maritime transportation and goods movement, especially in ports, using hydrogen. Clean renewable hydrogen for ships and heavy-duty vehicles means cleaner air and reduced carbon pollution.”

As part of this larger, statewide effort, AltaSea has been working with many organisations in Southern California to form the Southern California Green Hydrogen Cluster. Since early 2022, this informal group of stakeholders has met regularly to talk about the much-anticipated DOE Regional Clean Hydrogen Hubs funding solicitation and how the region can best help a statewide application to this programme.

“We are just scratching the surface of how an investment in the environmentally and economically sustainable green hydrogen market can benefit our planet,” Tamminen said. “The research we have conducted and presented in this white paper makes it clear that a renewable hydrogen hub in California would accelerate the transition to a carbon-neutral economy and would create high-quality jobs, improve air quality and drive down costs.”

AltaSea thanked the U.S. Department of Energy (DOE) for leading, guiding, and funding the development of the statewide California Renewable Hydrogen Hub by the Governor's Office of Business and Economic Development (GO-Biz) in California.

Source: Business Wire

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The report can be downloaded here


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