Chevron New Energies, a division of Chevron U.S.A. Inc.,
announced it is developing a 5-megawatt hydrogen production project
in California’s Central Valley.
The project aims to create lower carbon energy by utilizing
solar power, land, and non-potable produced water from Chevron’s
existing assets at the Lost Hills Oil Field in Kern County. This
low carbon intensity (LCI) electrolytic hydrogen will be produced
through electrolysis, which is the process of using electricity to
split water into hydrogen and oxygen.
Chevron’s strategy is to leverage our strengths to safely
deliver lower carbon energy to a growing world. Chevron believes in
the value of delivering large-scale hydrogen solutions that support
a lower carbon world. The facility is designed to produce two tons
of LCI hydrogen per day, with the goal of supporting an expanding
hydrogen refueling network.
“Hydrogen can play a vital role in our journey toward a lower
carbon future,” said Austin Knight, vice president for hydrogen at
Chevron New Energies. “Chevron already offers lower carbon fuels
like sustainable aviation fuel, renewable diesel and others, and
this project is expected to expand the portfolio of solutions
Chevron could supply to the region.
“I’m excited about the scalability of this solution,” Knight
continued. “However, our ability to meet growing hydrogen demand
and help build hydrogen fueling infrastructure in California to a
commercial scale with more widespread adoption will be strongly led
by state and federal energy policies that promote new lower carbon
energy solutions.”
The development of the project is expected to span multiple
years, and the start of commercial operations will depend on
several factors including flexible and supportive legislative and
regulatory energy policies, final engineering design, timely
permitting, and obtaining the necessary materials.
“This project will help develop key technical and commercial
proof points as Chevron New Energies assesses concepts for future
scale-up and new lower carbon intensity hydrogen production
opportunities,” said Richard Chapman, President and CEO, Kern
Economic Development Corporation. “By locating expected production
in the Central Valley, we believe the project will be well
positioned to meet the demand of customers along an important
transportation corridor, as well as having proximity to key
California urban markets.”
About Chevron
Chevron (NYSE: CVX) is one of the world’s leading integrated
energy companies. We believe affordable, reliable and ever-cleaner
energy is essential to enabling human progress. Chevron produces
crude oil and natural gas; manufactures transportation fuels,
lubricants, petrochemicals and additives; and develops technologies
that enhance our business and the industry. We aim to grow our oil
and gas business, lower the carbon intensity of our operations and
grow lower carbon businesses in renewable fuels, carbon capture and
offsets, hydrogen and other emerging technologies. More information
about Chevron is available at www.chevron.com.
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heading “Risk Factors” on pages 20 through 26 of the company’s 2023
Annual Report on Form 10-K and in subsequent filings with the U.S.
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factors not discussed in this news release could also have material
adverse effects on forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20240229037192/en/
Chevron Allison Cook ACook@chevron.com (228) 623-4616
Chevron (NYSE:CVX)
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