emissions solutions chevron new energies backs hydrogen-powered maritime tech
2 min read | september 28, 2022
ZEI’s hydrogen fuel cell powers a passenger ferry that will soon begin operation in the San Francisco Bay Area.
In the quest to reduce carbon emissions, commercial industries moving goods or people in bulk have a heavier load to carry in more ways than one. It’s more difficult to reduce CO2 emissions from the heavy-duty transportation, aviation and maritime industries than other sectors. Chevron just provided financial backing to Zero Emissions Industries (ZEI) targeting a hard-to-abate sector: the maritime industry.
The financial backing of ZEI’s efforts to create hydrogen fuel cell power systems is part of Chevron New Energies’ $10 billion capital commitment through 2028.
“Hydrogen is uniquely positioned to help tackle some of the areas where electrification won’t be possible,” said Michael Hoban, Chevron New Energies hydrogen general manager. “Hard-to-abate sectors like the maritime industry are a good example of one of those industries where you’ve got a lot of energy on board, and a lot of emissions come from that segment. There are very limited solutions on the market today.”
establishing a value chain
Chevron New Energies’ two main objectives are to produce low-carbon solutions—including hydrogen—and invest in parts of the value chain that enable those solutions to get to market.
“Our partnership with ZEI is an example of that demand-side enablement where we are seeing a promising technology that we don't want to necessarily do ourselves, but think is important for the market to develop,” Hoban said. “It helps us essentially build and enable an entire value chain where Chevron potentially produces hydrogen. We can get it to customers and then they use it in that end use application. That is why it's important for Chevron to support this.”
ZEI is entering the maritime market with its initial development: a hydrogen fuel cell for an 84-person passenger ferry that awaits deployment in the San Francisco Bay Area. The company believes that by targeting smaller boats with more commercial appeal, those powered by hydrogen fuel cells will gain in popularity. Still, significant challenges exist.
“To power a small boat is extremely challenging because of the weight, size and power requirements that go into it,” said Joe Pratt, ZEI CEO.
ZEI intends to use the funds to grow its business and help develop its 250-kilowatt fuel cell.
growing world needs balance of new and traditional energies
emissions solutionsseptember 25, 2023
energy leaders gather to explore the future of LNG
emissions solutionsseptember 20, 2023
explainer: harnessing the power of hydrogen
alternative fuelsseptember 07, 2023
geothermal collab heats up renewable energy projects
alternative fuelsseptember 05, 2023
chevron email updates
Subscribe to our newsletter to receive news and updates.