• The U.S. Department of Energy (DOE) provided $1.7 million in funding to deploy GKN Hydrogen's innovative hydrogen storage subsystem at the Flatirons Campus of DOE's National Renewable Energy Laboratory (NREL) near Boulder, Colorado
• GKN Hydrogen's technology can help balance supply and demand by storing hydrogen for future energy needs

• ARIES = Advanced Research on Integrated Energy Systems, is a platform that conducts integrated research to support the development of groundbreaking new energy technologies
• SoCalGas provided $400,000 of Research, Development, and Demonstration funding to the project. The utility will assist and identify potential commercial use cases

BOULDER, Colo., June 29, 2022 /PRNewswire/ -- GKN Hydrogen and Southern California Gas Co. (SoCalGas) today announced the companies will work with the U.S. Department of Energy's (DOE's) National Renewable Energy Laboratory (NREL) on an innovative green hydrogen storage solution. GKN Hydrogen's HY2MEGA can enable safe, long duration clean energy storage without the need for compression. At scale, this combined technology could provide resilient power in case of widespread outages. It also highlights the technologies needed to reach carbon neutrality and accelerate clean fuel initiatives.

Two HY2MEGA hydrogen storage subsystems will connect to an electrolyzer and fuel cell at the ARIES facility on NREL's Flatirons Campus near Boulder, Colorado. The electrolyzer will use renewable sources and produce green hydrogen to be stored in the HY2MEGA. The HY2MEGA stores the hydrogen in a solid state (metal hydrides), under low pressure in a compact footprint. According to GKN Hydrogen, its one of the safest ways to store hydrogen. The fuel cell will then convert the green hydrogen to produce renewable electricity. The two HY2MEGA's will add an additional 500 kgs of hydrogen storage on site. The three-year project is set to launch at the end of this year.

"SoCalGas will leverage the large-scale hydrogen storage capabilities of GKN Hydrogen's HY2MEGA from this project to help accelerate the commercialization and deployment of green hydrogen projects," said Neil Navin, vice president of clean energy innovations at SoCalGas. "Ultimately, green hydrogen generation and storage will help decarbonize the energy system while assuring stability of the electrical grid to enable even higher penetrations of renewable sources of electricity."

"This project is exactly what the ARIES platform was designed for: demonstrate the benefits of a new technology that efficiently stores energy produced from renewable electricity," said Katherine Hurst, group manager and research scientist at NREL. "It brings together a national laboratory, a clean energy technology developer, and a large utility to work on solutions that help decarbonize the power grid. We are looking forward to working with GKN Hydrogen and SoCalGas to advance this technology."

"Collaborations on green hydrogen projects are essential as we tackle this climate emergency," said Frank Wolak, President and CEO of the Fuel Cell and Hydrogen Energy Association (FCHEA). "This project will demonstrate how hydrogen storage can help reduce carbon emissions and is an innovative step towards a clean future for everyone."

Bruno Biasiotta, Chief Executive Officer at GKN Hydrogen said, "We are really honored to be working with great organizations like NREL and SoCalGas to validate and demonstrate green hydrogen as a megawatt scale energy source. To accelerate the energy transition hydrogen cannot just be part of the discussion, it must be part of the solution. This project will demonstrate that large scale green hydrogen storage with HY2MEGA can be used to help decarbonize and accelerate the shift to cleaner fuels."

About GKN Hydrogen
GKN Hydrogen is pioneering safe, emission-free green hydrogen storage to help organizations and societies around the world achieve their carbon neutrality goals today, and in the years to come. By leveraging GKN's world-leading position in powder metal solutions, they are bringing to market green, safe, and compact hydrogen storage solution based on metal hydrides and offering a range of modular HY2 energy systems.

About SoCalGas
Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment.

SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas aspires to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy services holding company based in San Diego.

For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook.

This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors.

In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "under construction," "in development," "opportunity," "target," "outlook," "maintain," "continue," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations.

Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires, including the risks that we may be found liable for damages regardless of fault and that we may not be able to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, in rates from customers or a combination thereof; decisions, investigations, regulations, issuances or revocations of permits and other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), Comisión Reguladora de Energía, U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, Public Utility Commission of Texas, and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S., Mexico and other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks in (i) the ability to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) the ability to realize anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent or approval of partners or other third parties, including governmental entities and regulatory bodies; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, arbitrations, and property disputes, including those related to the natural gas leak at Southern California Gas Company's (SoCalGas) Aliso Canyon natural gas storage facility; changes to laws, including changes to certain of Mexico's laws and rules that impact energy supplier permitting, energy contract rates, the electricity industry generally and the ability to import, export, transport and store hydrocarbons; cybersecurity threats, including by state and state-sponsored actors, to the energy grid, storage and pipeline infrastructure, information and systems used to operate our businesses, and confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third-party vendors and other parties with which we conduct business, all of which have become more pronounced due to recent geopolitical events and other uncertainties, such as the war in Ukraine; failure of foreign governments and state-owned entities to honor their contracts and commitments; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our debt service obligations; the impact of energy and climate policies, legislation, rulemaking and disclosures, as well as related goals set and actions taken by companies in our industry, including actions to reduce or eliminate reliance on natural gas generally and any deterioration of or increased uncertainty in the political or regulatory environment for California natural gas distribution companies and the risk of nonrecovery for stranded assets; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to timely and economically incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires or subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance, may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid or limitations on the withdrawal of natural gas from storage facilities; the impact of the COVID-19 pandemic, including potential vaccination mandates, on capital projects, regulatory approvals and the execution of our operations; the impact at San Diego Gas & Electric Company (SDG&E) on competitive customer rates and reliability due to the growth in distributed and local power generation, including from departing retail load resulting from customers transferring to Community Choice Aggregation and Direct Access, and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; volatility in foreign currency exchange, inflation and interest rates and commodity prices, including inflationary pressures in the U.S., and our ability to effectively hedge these risks and with respect to inflation and interest rates, the impact on SDG&E's and SoCalGas' cost of capital and the affordability of customer rates; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those that have been imposed and that may be imposed in the future in connection with the war in Ukraine, which may increase our costs, reduce our competitiveness, impact our ability to do business with certain current or potential counterparties, or impair our ability to resolve trade disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control.

These risks and uncertainties are further discussed in the reports that Sempra has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements.

Sempra Infrastructure, Sempra Texas, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCalGas, and Sempra Infrastructure, Sempra Texas, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC.

MEDIA CONTACT:

GKN Hydrogen
Alan Lang, Senior Director Sales, and Business Intelligence Americas
alan.lang@gknhydrogen.com
248-705-1319

SoCalGas
Elizabeth Rodil, Office of Media and Public Information
erodil@socalgas.com
213-418-5252

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SOURCE GKN Hydrogen Corp