Chart and 8 Rivers to Collaborate on Commercial Opportunities for Hydrogen Technology and Solutions
Chart and 8 Rivers to Collaborate on Commercial Opportunities for Hydrogen Technology and Solutions Yahoo Finance
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Chart Industries, Inc. Collaborates with 8 Rivers Capital to Advance Sustainable Development Goals
Introduction
ATLANTA, Aug. 10, 2023 (GLOBE NEWSWIRE) — Chart Industries, Inc. (NYSE: GTLS), a global engineering design firm and manufacturer of highly engineered equipment for clean energy and industrial gas markets, has signed a Memorandum of Understanding (MOU) with 8 Rivers Capital, LLC, a climate technology company. The collaboration aims to evaluate 8 Rivers’ proprietary licensable technologies and processes and identify opportunities where Chart’s technologies can complement or add value to 8 Rivers’ offerings. This partnership will focus on developing equipment for 8 Rivers’ technologies, leveraging Chart’s expertise in cryogenic, compression, and process technologies. The companies will work together to integrate Chart’s offerings into 8 Rivers’ projects.
8 Rivers’ Sustainable Technologies
8 Rivers is dedicated to pioneering the clean energy and climate future. They have developed innovative technologies such as 8RH2, a process for generating ultra-low carbon hydrogen with full carbon capture, and the Allam-Fetvedt Cycle, a revolutionary process for generating low-cost power from carbon-based fuels without air emissions. Through this collaboration, Chart will become one of the preferred suppliers for various liquefaction, refrigeration, and associated equipment needed to implement 8 Rivers’ technologies.
Statements from CEOs
Cam Hosie, CEO of 8 Rivers, expressed excitement about the partnership, stating that it will bring them closer to achieving net zero and enable the rapid deployment of clean energy systems globally. Jill Evanko, CEO and President of Chart, emphasized their commitment to collaborating with 8 Rivers and leveraging their combined expertise to help customers achieve their net zero targets.
About Chart Industries, Inc.
Chart Industries, Inc. is a global leader in the design, engineering, and manufacturing of process technologies and equipment for gas and liquid molecule handling. They focus on clean power, clean water, clean food, and clean industrials, regardless of the molecule. Chart offers a unique product and solution portfolio across stationary and rotating equipment used in every phase of the liquid gas supply chain. They are committed to excellence in environmental, social, and corporate governance (ESG) issues. With manufacturing locations and service centers worldwide, Chart maintains accountability and transparency to its stakeholders.
About 8 Rivers Capital, LLC
8 Rivers Capital, LLC is a climate technology company based in Durham, North Carolina. Founded in 2008, they lead the energy industry towards achieving net zero through the invention and commercialization of infrastructure-scale technologies. 8 Rivers develops technologies and delivers projects across multiple energy categories, including clean fuels, clean power, carbon removal, and clean industry.
SDGs, Targets, and Indicators
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SDG 7: Affordable and Clean Energy
- Target 7.2: By 2030, increase substantially the share of renewable energy in the global energy mix.
- Indicator: The article mentions that 8 Rivers has developed technologies for ultra-low carbon hydrogen production and transformative zero-emissions power cycles, which align with the goal of increasing the share of renewable energy.
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SDG 9: Industry, Innovation, and Infrastructure
- Target 9.4: By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes.
- Indicator: The collaboration between Chart Industries and 8 Rivers aims to develop equipment for 8 Rivers’ technologies, including liquefaction and refrigeration equipment technologies, cold boxes, heat exchangers, compressors, and liquid hydrogen storage tanks. This aligns with the target of adopting clean and environmentally sound technologies and industrial processes.
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SDG 13: Climate Action
- Target 13.2: Integrate climate change measures into national policies, strategies, and planning.
- Indicator: The collaboration between Chart Industries and 8 Rivers is focused on developing technologies and processes that contribute to climate change mitigation by generating ultra-low carbon hydrogen with carbon capture and producing low-cost power from carbon-based fuels without air emissions. This aligns with the target of integrating climate change measures into national policies and strategies.
SDGs, Targets, and Indicators Table
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 7: Affordable and Clean Energy | Target 7.2: By 2030, increase substantially the share of renewable energy in the global energy mix. | The article mentions that 8 Rivers has developed technologies for ultra-low carbon hydrogen production and transformative zero-emissions power cycles, which align with the goal of increasing the share of renewable energy. |
| SDG 9: Industry, Innovation, and Infrastructure | Target 9.4: By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes. | The collaboration between Chart Industries and 8 Rivers aims to develop equipment for 8 Rivers’ technologies, including liquefaction and refrigeration equipment technologies, cold boxes, heat exchangers, compressors, and liquid hydrogen storage tanks. This aligns with the target of adopting clean and environmentally sound technologies and industrial processes. |
| SDG 13: Climate Action | Target 13.2: Integrate climate change measures into national policies, strategies, and planning. | The collaboration between Chart Industries and 8 Rivers is focused on developing technologies and processes that contribute to climate change mitigation by generating ultra-low carbon hydrogen with carbon capture and producing low-cost power from carbon-based fuels without air emissions. This aligns with the target of integrating climate change measures into national policies and strategies. |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: finance.yahoo.com
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