Published by Todd Bush on October 11, 2022
Free, opensource carbon and cost calculator offers cradle-to-gate analysis for assessing economics and environmental impact of hydrogen production pathways
HOUSTON, Oct. 10, 2022 /PRNewswire/ -- Syzygy Plasmonics announced today that it launched CarbonModel.com, an online tool that organizations can use to calculate the carbon intensity of hydrogen and levelized cost of production. This free, opensource calculator enables users to quickly assess multiple hydrogen production pathways and acts as a first step in the user's journey from ideation to project execution. It focuses on cradle-to-gate greenhouse-gas (GHG) emissions and simplifies early analysis of hydrogen production projects.
CarbonModel.com delivers early-stage analysis of carbon intensity and levelized cost of hydrogen for most production methods in as little as 60 seconds.
>> In Other News: Fervo Energy to Provide 24/7 Carbon-Free Geothermal Electricity to Clean Power Alliance’s Three Million Southern California Customers
CarbonModel.com quickly determines which projects are favorable and whether they merit full project analysis.
CarbonModel.com delivers early-stage analysis of carbon intensity and levelized cost of hydrogen for most production methods in as little as 60 seconds. Interest around hydrogen production has never been higher, due in large part to the clean hydrogen tax credits included in the recently passed Inflation Reduction Act (IRA). New and existing hydrogen producers, consumers, and project developers are actively seeking to identify and quantify the impacts that the tax credits will have on project economics and feasibility. The Greenhouse gases, Regulated Emissions, and Energy use in Technologies (GREET) Model from Argonne National Laboratory is the official model that will be used to qualify a project for tax credit eligibility. However, going through that process is both labor and time intensive. Interested parties need a straightforward way to screen multiple technology alternatives and help guide resource allocation for new projects and businesses.
CarbonModel.com offers a user-friendly tool that estimates GHG emissions and project costs in as little as 60 seconds. Organizations can use the carbon intensity and cost estimates from CarbonModel.com to help them quickly determine which projects are favorable and whether they should commit to full project analysis using the GREET Model.
"The IRA is a major tailwind that will accelerate the energy transition and hydrogen adoption," said Syzygy CEO Trevor Best. "Existing hydrogen producers now have the fiscal support needed to sanction new projects. And companies that had been mulling hydrogen as a new business are incentivized to move more quickly. Both existing and new entrants in the hydrogen market want to know if their hydrogen is clean enough to qualify for IRA tax credits. They need to weigh credit generation potential heavily in their investment decisions."
"The tools that examine specific processes are demanding and complex," commented VP of Finance and Corporate Development Murtuza Marfani. "They typically require significant knowledge, time, and investment to operate. That can cause delays in the sanctioning of projects or even disengagement if the mechanisms and factors for credit generation are not quickly understood. CarbonModel.com simplifies early-stage analysis. We see it contributing to the momentum from the IRA by enabling organizations to quickly assess project viability. It will also help them address any gaps in knowledge before committing to full-project modeling."
The current version of CarbonModel.com focuses specifically on hydrogen production. Future plans include adding cost and carbon footprint assessments for producing ammonia, e-fuels, and other foundational chemicals.
Syzygy Plasmonics is eliminating the need to burn fossil fuels in chemical manufacturing. Instead of heat from combustion, the company's novel reactors use highly efficient LEDs to drive chemical reactions. Its platform technology reduces emissions in the production of chemicals, fuels, and fertilizers while also controlling costs. Learn more about Syzygy Plasmonics at https://plasmonics.tech/ and more about CarbonModel.com at https://carbonmodel.com/.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🚂 Ballard Announces 1.5 MW Fuel Cell Engine Order for Sierra Northern Railway 🌊 Sonardyne Secures Monitoring Deal for NEP CCS Project 🏆 ClimeFi provides access to CDR portfolio o...
Inside This Issue 🛢️ Chevron Doubles Down on U.S. Hydrogen Innovation with Dual Projects in Texas and California 🧾 Exclusive: White House Considers Plan to Clear Record Backlog of Small Refinery B...
Inside This Issue 💸 Trump Administration Cancels $3.7 Billion in Clean Energy Projects, Ending Ambitious Industrial Decarbonization Efforts 🌊 A New Protocol for Carbon Removal via Direct Ocean Cap...
Ballard Announces 1.5 MW Fuel Cell Engine Order for Sierra Northern Railway
VANCOUVER, CANADA – Ballard Power Systems (NASDAQ:BLDP; TSX:BLDP) today announced the signing of a new supply agreement with California-based rail operator Sierra Northern Railway for the supply of...
PureWest and Gunvor Group Partner to Accelerate Use of Verified Low-Carbon Gas Solutions
PureWest Energy, LLC ("PureWest"), a leading Rocky Mountain independent natural gas producer recognized for its low methane and carbon emission rates, and Gunvor USA LLC, a member of Gunvor Group (...
Towards Net Zero: Sustainability Meets Efficiency with E-Drive
In the first blog of this series, we introduced the roadmap that will make Woodfibre LNG one of the lowest-emission LNG facilities in the world. A key component of that strategy is the E-Drive syst...
ClimeFi provides access to CDR portfolio of XPRIZE competition Winners and Finalists
ClimeFi has partnered with XPRIZE to provide CDR buyers with a portfolio that offers unrivalled exposure to the XPRIZE Carbon Removal competition Winners and Finalists ClimeFi has partnered with X...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.