Startups Race to Tap Underground Hydrogen Deposits as Clean Fuel Source
Exploration companies in nearly 30 countries are drilling to locate natural hydrogen gas trapped in underground rock formations, betting it could serve as a carbon-free energy source. Venture capitalists have poured almost $500 million into this search since 2023, with firms like UK-based H2Au already drilling test wells in Kansas.
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Geologic hydrogen burns without producing carbon dioxide, and some estimates suggest underground reserves could theoretically supply centuries of clean energy at costs competitive with fossil fuels. But the science is still unproven—geologists only recently began taking the resource seriously, and current drilling results over the coming months will determine whether this becomes a viable industry or remains speculative.
- Hydrogen exploration companies are drilling in diverse locations including Canada, Africa, and Australia to test for underground gas deposits.
- Nearly $500 million in venture capital has flowed into geologic hydrogen search efforts since 2023.
- Scientists remain uncertain whether recoverable hydrogen reserves are abundant or virtually nonexistent, with answers expected soon from active drilling projects.
Source: nature.com — Mitchell Crow, 2026-09-15
Published there as: “Underground hydrogen could spur a green-energy revolution — if companies can find it”
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