Following a reduction in trade during the peak of the Covid-19 pandemic, US energy firm Lane Power and Energy Solutions (Lane Power) has seen its sales skyrocket as hydrogen and carbon capture and sequestration (CCS) dominate the conversation around transition to a net-zero emission future.
Experts in developing and operating hard rock and salt cavern storage, Lane’s sales spike is no surprise given the global push towards preparing for a hydrogen-powered future and an elimination of harmful CO2 emissions.
As the Earth’s most abundant mineral, hydrogen has been utilised in industry for more than 100 years. According to Mike Tritt, President & CEO, Lane Power, the potential for hydrogen is now seen mainly in power generation, transportation fuel and as an off-road fuel source for construction and mining vehicles.
He continued, “All problems with hydrogen (regardless of the application being studied) can be solved by technological advances. There is a great deal of discussion about creating hydrogen hubs and, if they are built, they will need storage.”
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