Capstone Green Energy Corporation (NASDAQ:CGRN) Outlines Its Ongoing Hydrogen Development Program | Featured by Green Stock News
Summary: Capstone Green Energy Corporation (NASDAQ:CGRN) Outlines Its Ongoing Hydrogen Development Program and Pursuit of External Funding Opportunities Capstone Green Energy Corporation (NASDAQ:CGRN) ...a global partner in carbon reduction and on-site resilient green energy solutions, today outlined its ongoing organic hydrogen product development goals and recent pursuit of external research and development funding via multiple government cost share programs. This new focus and initiative are driven by momentum in the hydrogen economy that is advancing a broad range of technologies as well as longer-term infrastructure planning. Capstone Green Energy has developed patented technology for the use of hydrogen, and works closely with these agencies in its determination to provide smarter energy solutions for a cleaner energy future. "We continue to explore the ever-changing energy landscape for complementary partners, technologies, and applications that enable carbon reduction goals to be achieved. Hydrogen product development, hydrogen conversion technologies, hybrid systems, microgrids, and thermal storage are all energy areas that Capstone is currently pursuing," said Capstone Green Energy CEO Hydrogen Background Hydrogen is not naturally abundant and therefore must be created directly, or as a byproduct of another process. The predominant method that accounts for nearly all commercially produced hydrogen is steam reforming of natural gas. Blue Hydrogen is formed the same way, but the produced carbon is captured and sequestered. Green Hydrogen is created by power generated from carbon-free energy resources such as wind, solar or maybe even small modular nuclear reactors. Green Hydrogen Development Green hydrogen is experiencing a global resurgence and has been identified as a clean energy source that could bring the world to net-zero emissions in the coming decades. The Biden administration is promising that the U.S. will be able to access Green Hydrogen at the same cost as conventional hydrogen within a decade as part of the President's proposed Clean Energy Plan. "Today, Green Hydrogen is believed by many to be the holy grail of carbon-free baseload power generation. If it can be made economically, and if it's infrastructurally feasible, hydrogen-fueled CHP could revolutionize the energy industry," added Mr. Jamison. "The idea is not new, as hydrogen was initially touted in the U.S. during President George W. Bush's first term, when it was nicknamed the ‘freedom fuel.'" Capstone Green Energy is continuing to expand and develop its new Hydrogen Solutions business line. In addition to its current organic research and development efforts, Capstone Green Energy stated today that it is aggressively pursuing additional funding opportunities. Don Ayers, Senior Director of Engineering and Quality at Capstone Green Energy stated: "Natural gas utilities around the world are looking at blending hydrogen into pipelines, not just to fuel power plants or industrial processes, but also to serve homes and businesses. While early-stage tests are keeping hydrogen concentrations below 20 percent, several utilities hope to carry 100 percent hydrogen in future years as part of the emphasis on finding green replacements for fuel supplies as well as electricity." About Capstone Green Energy Capstone Green Energy (www.CapstoneGreenEnergy.com) (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Read the full press release: https://greenstocknews.com/news/nasdaq/cgrn/capstone-green-energy-corporation-nasdaq-cgrn-outlines-its-ongoing-hydrogen-development-program-and-pursuit-of-external-funding-opportunities Green Stock News is a 21st-century broadcast media company that enhances corporate access for public companies through the distribution of news,...
