Heliogen agrees green hydrogen offtake with City of Lancaster
- US artificial intelligence (AI)-allowed focused solar professional Heliogen Inc (NYSE: HLGN) and also the City of Lancaster have signed a definitive contract on a previously considered collaboration for the construction of a green hydrogen generation facility to fulfill the city's biofuel needs.
The officially agreed collaboration, which represents Lancaster's initial hydrogen offtake agreement, complies with a memorandum of recognizing signed in November. Under the agreed terms, Lancaster will certainly be acquiring green hydrogen at USD 10 (EUR 9.35) per kg.
The planned center, referred to as Proxima, will certainly leverage Heliogen's copyrighted innovation to use AI and also progressed computer system vision software program to concentrate sunshine with mirrors as well as generate approximately 1,500 tonnes of carbon-free hydrogen annually. The site could aid support other projects within the city and also region, including the manufacturing of lasting aeronautics fuel (SAF) as well as the sale as well as distribution of hydrogen fuel for industrial procedures such as long-haul trucking, cement and mining.
Heliogen earlier this year announced that it has actually finished the initial style as well as has actually additionally protected a site for the Proxima project.
"Heliogen's unique capacity to create carbon-free hydrogen holds enormous guarantee to fuel our municipal fleet at the lowest carbon strength. Hydrogen is the future as well as we invite various other cities to join us on the course to decarbonisation as a way to tackle climate adjustment," Lancaster's mayor R Rex Parris commented.
