Gold H2 Launches Black 2 Gold Technology for Clean Hydrogen Production
Slice of Energy Team
07/23/2024
Key Highlights:
- Gold H2 announces Black 2 Gold Technology (B2G) for pilot demonstrations.
- MOU signed with major oil and gas company for the first waterflood pilot.
- Technology aims to produce hydrogen at $0.80/kg, transforming non-productive oil wells.
- Each well can produce up to 2.5 tons of hydrogen per day using B2G tech.
- CEO Prabhdeep Sekhon leads ongoing discussions with global industry players.
Source (Business Wire)
Quotes
“ “The company will empower the global oil & gas industry to embrace the energy transition in the most economic way possible by using the existing infrastructure to unleash energy output not seen since the shale revolution.” ”
Rayyan Islam, Co-Founder and General Partner at 8090 Industries
Our Take:
Gold H2’s introduction of the Black 2 Gold Technology represents a significant breakthrough in the clean energy sector. By converting depleted oil reservoirs into hydrogen-producing biorefineries, this technology offers a sustainable solution to a longstanding industry challenge. The signing of a memorandum of understanding with a major oil and gas company underscores the technology’s potential for large-scale adoption. With the capability to produce hydrogen at an economically competitive rate, Gold H2 is poised to accelerate the transition to cleaner energy, providing a viable pathway for oil and gas companies to repurpose uneconomical assets. This innovation not only supports environmental goals but also presents new economic opportunities within the traditional oil and gas industry.
