Gold H2 Launches New Microbial Technology Platform for Hydrogen Production
- 19-Jul-2024 4:37 PM
- Journalist: Francis Stokes
Gold H2, a Houston-based company specializing in clean hydrogen production, has officially unveiled its Black 2 Gold Technology (B2G). This proprietary biotech process transforms crude oil into biologically produced Gold Hydrogen®. The technology is now available for pilot demonstrations with select oil and gas owners and operators. Additionally, Gold H2 has signed a notable memorandum of understanding (MOU) with a major US oil and gas company, signaling the start of a series of pilot projects with leading oil majors over the next year.
This pilot project will showcase Gold H2's groundbreaking Gold Hydrogen® biotechnology, which aims to produce hydrogen at a cost of $0.80/kg—cheaper and cleaner than ever before. The technology is designed to generate new clean energy sources and enable oil and gas companies to convert non-productive, uneconomical oil wells into high-output hydrogen production assets. This innovative business model promises to transform the traditional oil and gas industry, accelerating the clean energy transition and opening new economic opportunities in previously overlooked areas.
Under ideal conditions, depleted oil reservoirs can be transformed into subsurface hydrogen biorefineries. Gold H2's current technology focuses on reservoirs that are either currently undergoing or are suitable for waterflooding, with temperatures ranging from 130°F to 180°F and a total dissolved solids concentration of less than 100,000 ppm.
To complement a water flood injection system, Gold H2 deploys the Mobile Microbe Manufacturer (M3), an onsite fermentation unit that injects microbes along with additional nutrients to initiate hydrogen production. Each M3 unit can serve up to 120 oil wells, with each well anticipated to produce up to 2.5 tons of hydrogen daily. Gold H2 also implements several risk mitigation measures, including precise biochemistry, a minimal equipment footprint, and the use of non-GMO microbes. The solution is designed to address concerns related to corrosion and biofouling.
The MOU mentioned is intended to launch the first waterflood pilot and has a defined path toward evolving into a significant commercial project. This development continues to build on the momentum Gold H2 is gaining, following the recent appointment of CEO Prabhdeep Sekhon and ongoing discussions with key industry players across Canada, India, Eastern Europe, Latin America, and the Middle East.
Gold H2’s microbial technology will accelerate the U.S. transition from fossil fuels by transforming depleted oil assets into sources of biologically produced clean hydrogen fuel. As the oil and gas industry consolidates, concerns have arisen about the fate of non-productive oil wells. Gold H2's technology offers a new revenue stream and economic use for these near-end-of-life assets by producing Gold Hydrogen®, a cost-effective and renewable energy source.
By partnering directly with the asset-rich oil and gas industry, Gold H2 will help this legacy sector tackle the complex challenge of generating new clean energy sources. Oil and gas companies have long struggled with the decommissioning of idle wells. With Gold H2's innovative biotechnology, these companies can repurpose exhausted oil fields to produce Gold Hydrogen® at a low cost.