US DOE commits over US$ 500m to Utah green hydrogen hub

• The United States Department of Energy (DOE) Loans Program Office (LPO) has committed to a conditional US$ 504 million investment into the development of a significant green hydrogen hub in Utah.

The Advanced Clean Energy Storage Project in Utah has initially been made to utilize renewable resource to power a 220MW of electrolyser to produce up to 100 statistics tonnes (MT) of green hydrogen each day. This will then be stored in 2 salt caverns each capable of saving 150GWh of energy.

The project will certainly then provide hydrogen to the Intermountain Power Plant-- an 840MW hydrogen capable gas turbine combined cycle power plant-- that will initially run on a blend of 30% green hydrogen and 70% gas by 2025, with this enhancing to 100% by 2045. PV Tech's sibling site Energy-storage. information (ESN), however, has actually reported that this target could be satisfied faster.

Extra detail on the storage element of the project in addition to some exclusive extra coverage of today's news by ESN can be accessed here.

The Advanced Clean Energy Storage Project was introduced in May 2019, began in spring as well as is now in the lasts of financial obligation and also equity closing. Mitsubishi Power Americas, which is a major backer of the project, stated that once complete, it will certainly be the world's largest commercial green hydrogen production as well as storage facility.

It has secured contractors consisting of offtake, designer, procure as well as construct (EPC) service providers, major equipment distributors and operations as well as maintenance (O&M) companies

Haddington Ventures, the economic expert for the hub as well as equity sponsor of Magnum Development, is securing US$ 650 million through its Equity Submission Program.

" The Advanced Clean Energy Storage Project is well on its way to achieving its objective in the creation of a world-class green hydrogen hub," stated Craig Broussard, CEO of the joint venture. "Through our network of companions, we have the potential to provide low-cost green hydrogen to verticals along with power, consisting of refineries, hefty industrials and the transportation field."

The hub is looking for partners to bring green jobs and green hydrogen to sustain country Utah and higher decarbonisation throughout industries, said Mitsubishi.