• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 22 hours How Far Have We Really Gotten With Alternative Energy
  • 2 days The United States produced more crude oil than any nation, at any time.
  • 1 day China deletes leaked stats showing plunging birth rate for 2023
  • 2 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 7 days Bad news for e-cars keeps coming
Chinese EV Makers Unfazed by Western Tariffs

Chinese EV Makers Unfazed by Western Tariffs

China's booming EV industry poses…

Could Deflecting the Sun Help Cool the Planet?

Could Deflecting the Sun Help Cool the Planet?

Scientists conducted a pilot test…

First-Ever Gulf Coast Wind Auction Could Be A Boon For U.S. Green Hydrogen

In a groundbreaking move, the Biden administration is set to hold its first-ever offshore wind auction in the Gulf of Mexico this Tuesday. Unlike previous offshore wind auctions concentrated in the Northeast, this one aims to fuel a green hydrogen supply chain for the Gulf Coast's extensive industrial sector.

According to Cheryl Stahl, principal project manager at DNV, the Gulf Coast offers a unique opportunity for innovation. 

"When we get to the Gulf, (offshore wind) will start becoming much more disconnected from the grid," she said. "The Gulf gets to be sort of a breeding ground for innovative solutions."

The Bureau of Ocean Energy Management (BOEM) will auction three areas off the coasts of Louisiana and Texas. John Filostrat, a BOEM spokesperson, emphasized that the Gulf "is uniquely positioned to transition to a renewable energy future, including the development and implementation of the production and use of green hydrogen."

Big players like Shell, Invenergy, and TotalEnergies are among the qualified bidders. 

These companies have previously highlighted the Gulf's potential for green hydrogen production, leveraging its existing port and pipeline infrastructure.

However, the Gulf auction faces challenges. Unlike the Northeast, states like Texas and Louisiana lack legal mandates for clean energy. They also have slower average wind speeds, higher hurricane risks, and lower retail power prices. 

Alon Carmel, a partner at PA Consulting, noted that "it's harder to justify an investment decision" in the Gulf, but tax credits for hydrogen could make the venture more appealing.

Lacy McManus of Greater New Orleans Inc sees the existing petroleum industry as a potential market for green hydrogen. 

"They want to start replacing these gray hydrogen feedstocks and fuel sources with green," McManus said. "Wind provides that at the scale and capacity that we need in the industrial sector."

ADVERTISEMENT

The Gulf Coast offshore wind auction is a bold step toward a green hydrogen future, despite the region's challenges. It's a move that could redefine the Gulf as not just an oil and gas hub, but also a center for renewable energy innovation.

By Michael Kern for Oilprice.com 

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News