Green hydrogen project powered by solar under development in California
- Fusion Fuel and Electus Energy have gotten in a joint venture arrangement to create a large-scale green hydrogen project in Bakersfield, California.
The recommended project is a roughly 75-MW solar-to-hydrogen center making use of Fusion Fuel's HEVO innovation, with the ability of generating as much as 9,300 tons of green hydrogen annually. The project would call for an estimated $180 million in capital expense, with a last investment decision anticipated in early 2024 and also commissioning in the initial half of 2025. When functional, this project will certainly supply sufficient hydrogen fuel to sustain over 1,000 Class 8 trucks or buses daily.
" This is a defining moment for Fusion Fuel and also for our passion to be a global leader in clean hydrogen solutions. In just under 2 years as a public firm, Fusion Fuel has actually developed itself as a key player in the Iberian green hydrogen ecosystem. Nevertheless, we understood that getting in a new market, specifically one as huge and complex as The United States and Canada, would certainly require a cornerstone project and a legitimate companion," claimed Jason Baran, CCO of Fusion Fuel. "Due to the unique mix of solar irradiance, California tax obligation incentives and closeness to large-scale offtake, Bakersfield is the optimal project to anchor our North American approach. We are incredibly thrilled to be unveiling the Bakersfield project alongside our development partner, Electus Energy, which has been proactively developing hydrogen wheelchair services in the Southwestern USA and has actually grown deep connections with possible off-takers in the logistics as well as circulation ecosystem."
The companies have currently entered into a land-lease arrangement to secure 320 acres in Kern County for the project's development. Fusion Fuel acquired engineering company Black & Veatch to execute a concept research study and is also collaborating with Cornerstone Engineering and Headwaters Solutions.
" We are delighted regarding partnering with Fusion Fuel to implement their unique technology and proficiency in among our initial large-scale green hydrogen production centers in California," stated Andrew Greene, chief executive officer as well as founder of Electus Energy. "One of the most crucial part of applying any successful hydrogen wheelchair program is the ability to resource reliable, clean hydrogen fuel at an appealing cost as well as our team believe our partnership with Fusion Fuel will certainly help reduce the expense of fuel for our consumers as well as accelerate the adoption of zero-emission hydrogen lorries for all automobile applications, including hefty trucking, mass transit and also autos."
