Hy Stor Energy, specialized in the production and storage of renewable hydrogen, adheres to the Green Hydrogen Standard of GH2. This standard, created in May 2022 by Green Hydrogen Organisation (GH2), serves to prove the transparency and legitimacy of renewable hydrogen actors. The objective of Green Hydrogen Organisation is to reassure investors in the sector.
The Green Hydrogen Standard, a guarantee for investors
This guarantee for investors is becoming increasingly important. Investments in renewable energy, including renewable hydrogen, are increasing. To be able to ensure the legitimacy of the environmental commitments of companies in the sector is therefore a necessity in order to reassure investors.
Malcolm Turnbull, president of GH2, explains:
“The GH2 standard provides investors and other stakeholders with the certainty and transparency that green hydrogen is exactly that: hydrogen produced from renewable electricity and meeting the highest standards for emissions, ESG and sustainability goals.”
This is all the more important as there are different types of hydrogen: renewable hydrogen, grey hydrogen or blue hydrogen. Thus, by adhering to the GH2 standard, it intends to affirm its legitimacy and prove that the company truly produces renewable hydrogen.
Hy Stor Energy, first North American company to join
Several companies in the renewable hydrogen sector have joined the Green Hydrogen Standard. However, Hy Stor Energy is the leading North American company.
In this way, the company intends to strengthen its position in the renewable hydrogen market. By adhering to the GH2 standard, the company wants to be transparent.
In addition, Hy Stor Energy is supporting the Youth for Green Hydrogen. This initiative aims to raise awareness among youth and academics on topics related to renewable hydrogen.