An assortment of multinational corporations, such as Microsoft and United Airlines, as well as the enormous Australian mining business Fortescue Metals, are investing a total of $380 million in a local company that claims to have discovered an inexpensive method of producing hydrogen gas without releasing any carbon dioxide.
Since its inception in the year 2020, Electric Hydrogen has successfully raised a total of 600 million dollars through various investments. The Natick company’s goal is to shake up the multibillion-dollar global market for hydrogen gas. Hydrogen gas is employed in a variety of manufacturing processes, such as the production of fertiliser, and it has the potential to one day serve as an alternative (and cleaner) fuel for automobiles, trucks, and aeroplanes.
These days, the majority of hydrogen is extracted from coal or natural gas using machines known as “reformers.” These reformers make use of steam that has been heated to extremely high temperatures. “They work fine,” said Dave Eaglesham, the chief technology officer for Electric Hydrogen, “but they emit an awful, awful lot of CO2.” According to his calculations, hydrogen reforming is responsible for around 2.5 percent of the world’s total carbon emissions.
