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PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Tallgrass Energy Awarded U.S. Department of Energy Funding To Advance Next-Generation Clean Hydrogen Technologies

July 21, 2021 GMT

LEAWOOD, Kan.--(BUSINESS WIRE)--Jul 21, 2021--

Tallgrass Energy, LP announced today that the United States Department of Energy’s National Energy Technology Laboratory (DOE-NETL) awarded the company federal funding as part of a national effort to advance next-generation clean hydrogen technologies and support DOE’s recently announced Hydrogen Energy Earthshot initiative to reduce the cost and accelerate breakthroughs in the clean hydrogen sector.

The DOE award will fund Tallgrass’ study of CO 2 capture associated with producing hydrogen from natural gas via an autothermal reforming (ATR) facility. The study’s objective is to design a commercial-scale carbon capture unit capable of capturing 1.66 million metric tons per year of pure CO 2 with more than 97 percent total carbon capture efficiency. Over the coming months, Tallgrass will work with DOE officials to finalize terms and scope of the study, valued at $1.875 million.

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“Tallgrass is committed to playing a leadership role in advancing technologies that fully leverage resources such as hydrogen to deliver energy to people in a way that begins to decarbonize our world,” said Tallgrass CEO William R. Moler. “Tallgrass has made significant investments in building the technical and organizational expertise to become a global leader in emerging energy technologies like hydrogen and carbon sequestration. In time, these technologies will grow our company and make the global energy portfolio cleaner.”

Tallgrass is partnering with the DOE-NETL, the University of Wyoming, Technip Energies, BASF Corporation and Haldor Topsoe on this effort.

“This study reflects our commitment to advancing decarbonized energy solutions for our customers,” said Damon Daniels, Chief Commercial Officer at Tallgrass. “We look forward to working with our industry-leading partners on this initiative.”

According to the study outcome, Tallgrass said it is evaluating the development of an ATR plant in Douglas, Wyo., for hydrogen production and carbon capture and storage on a commercial scale. The project will support DOE’s goal of producing hydrogen from natural gas with carbon neutral emissions, or “blue” hydrogen. As a fuel, hydrogen has the potential to play a major role in reducing emissions from the electricity and transportation sectors. It is also a critically important commodity for the agricultural and industrial sectors of our economy.

To learn more about Tallgrass Energy, please visit us at www.tallgrassenergy.com.

Cautionary Note Concerning Forward-Looking Statements

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Disclosures in this press release contain forward-looking statements. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that management expects, believes or anticipates will or may occur in the future are forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the expected funding by DOE of Tallgrass’ study of CO 2 capture associated with producing hydrogen from natural gas via an autothermal reforming (ATR) facility, the timing of finalizing the details of the study with DOE officials, and the expected growth from emerging energy technologies. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Tallgrass, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements, and other important factors that could cause actual results to differ materially from those projected, including those set forth in reports and financial statements made available by Tallgrass. Any forward-looking statement applies only as of the date on which such statement is made, and Tallgrass does not intend to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210721005836/en/

CONTACT: Tallgrass Energy

Media and Trade Inquiries

Phyllis Hammond, 303-763-3568

phyllis.hammond@tallgrassenergylp.comorInvestor and Financial Inquiries

Andrea Attel, 913-928-6012

investor.relations@tallgrassenergylp.com

KEYWORD: UNITED STATES NORTH AMERICA KANSAS

INDUSTRY KEYWORD: PUBLIC POLICY/GOVERNMENT STATE/LOCAL OTHER ENERGY OTHER POLICY ISSUES ALTERNATIVE ENERGY ENERGY

SOURCE: Tallgrass Energy, LP

Copyright Business Wire 2021.

PUB: 07/21/2021 02:10 PM/DISC: 07/21/2021 02:11 PM

http://www.businesswire.com/news/home/20210721005836/en