DOVER, Del.,
Oct. 31,
2023 /PRNewswire/ -- Chesapeake Utilities Corporation
(NYSE: CPK) continues to advance the lower-carbon economy
transition as an industry anchor partner with the Mid-Atlantic
Clean Hydrogen Hub (MACH2™). The Department of Energy (DOE)
announced on Oct. 13 that the MACH2™
was one of seven regional hydrogen hubs selected to receive an
allocated share of the $7 billion in
Bipartisan Infrastructure Law funding to accelerate the market for
hydrogen in the United States.
"Chesapeake Utilities is an essential partner of the
Mid-Atlantic Clean Hydrogen Hub," said Collin O'Mara, board chair of the MACH2™. "We
look forward to working collaboratively with our partners on
projects to produce and deploy green hydrogen that will advance
both our environmental and economic goals and further position our
region as a national leader in the clean energy economy."
"We are honored to be an active member of the MACH2™
partnership, which will channel substantial resources into our
region for advancing hydrogen projects. Being an active and engaged
partner in MACH2™ underscores our unwavering dedication to the
local communities and customers that we serve, as we actively work
to advance affordable and realistic environmentally responsible
solutions that further reduce carbon emissions," said Shane Breakie, vice president, sustainability
and organic growth, Chesapeake Utilities.
MACH2™, which is a collaborative effort comprised of industrial,
governmental and educational institutions representing Delaware, southern New Jersey and southeastern Pennsylvania, was selected to receive up to
$750 million in funding from the
DOE's Office of Clean Energy Demonstrations. The hub's focus will
encompass the hydrogen value stream from production to end use
through four main areas: training, infrastructure, reducing
emissions and job creation.
Chesapeake Utilities' role within MACH2™ will touch all four
areas of investment and growth. As a hydrogen innovator, Chesapeake
Utilities has proposed to potentially produce hydrogen and deliver
it to the transportation sector, further advancing the Company's
commitment to continuing to help our customers to reduce emissions
by providing lower-carbon alternative fuel options, such as
compressed natural gas/renewable natural gas, propane autogas and
now hydrogen. With its Safety Town facility in Dover, the Company
also will play a key role in safety and workforce training.
The abundance of existing infrastructure and ready access to
feedstock resources in the Mid-Atlantic region will reduce overall
hydrogen delivery costs, giving MACH2™ a clear advantage and an
opportunity to further attract investments in new demand segments
and hub regions. Furthermore, given the high concentration of
hard-to-decarbonize industries within the region, MACH2™ envisions
growth potential for hydrogen both in supply and demand.
About MACH2™
MACH2™ plans to unlock hydrogen-driven
decarbonization in the Mid-Atlantic while repurposing historic oil
infrastructure and using existing rights-of-way. Current plans
include developing renewable hydrogen production facilities from
renewable and nuclear electricity using both established and
innovative electrolyzer technologies, reducing costs and driving
further technology adoption. This hydrogen hub anticipates creating
20,800 direct jobs — 14,400 in construction jobs and 6,400
permanent jobs. For more information, visit
https://mach-2.com/.
About Chesapeake Utilities Corporation
Chesapeake
Utilities Corporation is a diversified energy delivery company,
listed on the New York Stock Exchange. Chesapeake Utilities
Corporation offers sustainable energy solutions through its natural
gas transmission and distribution, electricity generation and
distribution, propane gas distribution, mobile compressed natural
gas utility services and solutions and other businesses. For more
information, visit www.chpk.com.
Please note that Chesapeake Utilities Corporation is not
affiliated with Chesapeake Energy, an oil and natural gas
exploration company headquartered in Oklahoma City, Oklahoma.
For more information, contact:
Brianna Patterson, Chesapeake Utilities
Corporation
Manager, Public Relations and Strategic Communications
419-314-1233
bpatterson@chpk.com
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SOURCE Chesapeake Utilities Corporation