Gold H2 signed an MOU in the USA with an oil and gas company to begin a series of pilots over the course of the next 12 months. The MOU was signed in July 2024.

This pilot’s aim is to commercially demonstrate Gold H2’s Gold Hydrogen producing biotechnology and aims to produce hydrogen costing $0.80/kg.

Under the right conditions, depleted oil reservoirs can be transformed into subsurface hydrogen biorefineries. With current iterations of its solution, Gold H2 targets reservoirs that are currently, or have the capacity to be waterflooded with temperatures between 130°F and 180°F and total dissolved solids concentration of less than 100,000 ppm.

Supplementing a water flood injection system, Gold H2 deploys the Mobile Microbe Manufacturer (M3), an onsite fermentation unit, to inject its microbes along with additional nutrients to begin the production process. Each M3 can convert up to 120 oil wells, and each well is expected to produce up to 2.5 tons of hydrogen per day. Gold H2 also takes several steps for risk mitigation, including utilizing targeted biochemistry, installing a minimal equipment footprint, and using non-GMO microbes. The Gold H2 solution is optimized to mitigate concerns of corrosion or biofouling.

The MOU aims to deploy the first waterflood pilot and has a clear pathway to becoming a major commercial project.