-- BayoGaaS™ Hydrogen Hub will produce 1,000 kilograms per
day of low-cost, low-carbon hydrogen for transportation, industrial
use
-- First in a global network of distributed hydrogen hubs to
accelerate the availability of hydrogen as an energy, climate
solution
ALBUQUERQUE, N.M., Dec. 3, 2021 /PRNewswire/ -- BayoTech, Inc.
("BayoTech"), an innovator in hydrogen solutions, today announced
an agreement with New Mexico Gas Company to deploy a new
highly-efficient hydrogen production facility in Albuquerque. The BayoTech-owned BayoGaaS™
Hydrogen Hub will be located on New Mexico Gas Company property and
provide hydrogen to support the utility's decarbonization
goals.
"Hydrogen provides us with an opportunity to reduce greenhouse
gas emissions and we're invested in exploring its potential," said
Gerald Weseen, Vice President,
Regulatory, Strategy & External Affairs at New Mexico Gas
Company. "We're proud to partner with BayoTech in deploying their
made-in-New Mexico technology to
fuel our hydrogen blending project."
Hydrogen produced at the hub will be used by New Mexico Gas in a
pilot project to demonstrate the safe and effective blending of
hydrogen into the company's natural gas distribution system.
Hydrogen can be injected into natural gas pipelines, and the blend
can then be used by conventional end users of natural gas for
power, heat and cooking. Because combustion of hydrogen emits only
water, blending hydrogen with natural gas reduces the greenhouse
gas intensity of the natural gas stream.
The low-cost, low-carbon hydrogen produced at the BayoGaaS™
Hydrogen Hub will also be available for other local customers,
including retail hydrogen refueling stations and operators of fuel
cell fleet vehicles and backup power systems.
"With the commissioning of a BayoTech hydrogen hub in
Albuquerque, transportation and
industry in New Mexico will now
have a local source of reliable, economical clean hydrogen to
decarbonize their businesses," said Mo
Vargas, BayoTech's CEO. "I'm proud to celebrate this
significant milestone on the path to becoming the world's largest
distributed hydrogen company."
The administration of Governor Michelle
Lujan Grisham is taking a leadership role in establishing
New Mexico at the forefront of the
clean hydrogen revolution. Leveraging its existing industries and
infrastructure, New Mexico has an
opportunity to develop a world-class, clean hydrogen economy
focusing on the production, use, and export of clean hydrogen.
"BayoTech's investment in Albuquerque today will move New Mexico closer towards our ambitious goal
of net zero carbon emissions by 2050," said Gov. Michelle Lujan Grisham. "Every clean energy job
and investment is welcome in New
Mexico."
The Albuquerque hydrogen hub is
the first in a planned network of distributed hydrogen production
hubs throughout the United States
and the United Kingdom that will
offer locally produced hydrogen on a 'gas-as-a-service' basis,
revolutionizing hydrogen supply. Today, most hydrogen is produced
at a few centralized production plants for supply directly to
refiners and chemical manufacturers. For customers in other
regions, hydrogen must be liquified and trucked long distances,
increasing its cost and carbon footprint.
BayoTech's patented hydrogen production technology uses 20-30%
less energy, saving money and reducing the product's carbon
footprint. From these highly efficient production hubs, locally
produced hydrogen is delivered via BayoTech's proprietary
high-pressure gas transport and storage equipment, which can hold
three times more hydrogen per trip than traditional equipment. The
higher payloads translate into lower transportation costs, higher
driver productivity, and avoided carbon emissions. The site is
anticipated to become operational in mid-2022. This unit will
produce up to 1,000 kilograms per day of high-purity hydrogen,
enough to fill as many as 200 hydrogen fuel cell vehicles. When
using hydrogen produced from natural gas, fuel cell vehicles have
40% lower well-to-wheels greenhouse gas emissions than that of
current gasoline-powered vehicles.
The rapid scalability of BayoTech's BayoGaaS™ Hydrogen Hubs is
unique in the industry. The modular design, compact footprint, and
flexibility of its technology enable hydrogen production to grow
quickly to meet market demand. Factory-built hydrogen production
plants are transported to the site and quickly assembled.
Initially, a one tonne per day hydrogen generator is installed,
while concurrently permitting and prepping the site to produce two
tonnes per day, allowing for quick expansion in under six months
when needed. As the market accelerates, BayoTech can then expand to
produce a further five tonnes per day at the existing site to
accommodate and be ready for major growth. No one else in the
industry has this built-in flexibility nor speed of development in
their approach to the market.
Regional fleet operators and fuel cell equipment manufacturers
interested in accessing clean hydrogen in New Mexico can learn more about BayoTech's
hydrogen supply and distribution solutions by contacting BayoTech
at info@bayotech.us.
About BayoTech
BayoTech, an innovator in hydrogen solutions, is committed to
addressing the global need for reliable, cost-effective, and
low-carbon hydrogen. BayoTech sites hydrogen production close to
demand and distributes it to nearby consumers via high-pressure gas
transport and storage equipment. Customers are accelerating the
decarbonization of their energy and transportation systems through
BayoTech's supply of hydrogen molecules, sale and lease of
equipment, and zero-emission power solutions. Learn more at
www.bayotech.us
About New Mexico Gas Company
As the largest natural gas distribution utility in the state,
New Mexico Gas Company serves more than 540,000 customers
throughout New Mexico. New Mexico
Gas is a subsidiary of Emera Inc. Visit our website at
www.nmgco.com
About Emera
Emera Inc. is a geographically diverse energy and services
company headquartered in Halifax, Nova
Scotia, with approximately $31
billion in assets and 2020 revenues of more than
$5.5 billion. The company primarily
invests in regulated electricity generation and electricity and gas
transmission and distribution with a strategic focus on
transformation from high carbon to low carbon energy sources. Emera
has investments throughout North
America, and in four Caribbean countries. Emera's common and
preferred shares are listed on the Toronto Stock Exchange and trade
respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C,
EMA.PR.E, EMA.PR.F and EMA.PR.H. Depositary receipts representing
common shares of Emera are listed on the Barbados Stock Exchange
under the symbol EMABDR and on The Bahamas International Securities
Exchange under the symbol EMAB. Additional Information can be
accessed at www.emera.com or at www.sedar.com.
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