$504M Loan Guarantee Granted World’s Largest Renewable Hydrogen Energy Project

Source: www.gulfoilandgas.com 6/30/2022, Location: North America

The Advanced Clean Energy Storage project (also known as "ACES") has received a $504.4 million loan guarantee from the Department of Energy (DOE). HydrogenPro is providing 220 MW electrolyser units for the entire project.

HydrogenPro delivers electrolyser systems for the entire project.

The ACES project aims to create a new pathway for decarbonising the Western U.S. grid. This will be done by producing up to 100 metric tonnes of hydrogen per day from water and renewable energy sources using HydrogenPro’s 220-MW alkaline electrolyser systems.

Interim CEO of HydrogenPro, Richard Espeseth, states that being part of a project of such magnitude is motivating and represents a great responsibility:

“This large loan guarantee represents an important milestone for the project and HydrogenPro. This agreement is the largest electrolyser order ever recorded. Thus, we are proud that HydrogenPro will play an important role in a pioneer project of such scale”.

The worldwide installed base of electrolysers at the end of 2020 was 250 MW. This project alone will nearly double worldwide capacity, with 220 MW installed at the site.

HydrogenPro will complete the fabrication of the electrolyser systems in Q3 2023, followed by on-site work with completion in late 2024.


Germany >>  8/4/2022 - Wintershall Dea and Nord-West Oelleitung (NWO) will collaborate on Wintershall Dea's BlueHyNow project. A plant for the production of large volumes of...
Saudi Arabia >>  8/4/2022 - The Saudi Arabian Oil Company (“Aramco”) and the SABIC Agri-Nutrients Company (“SABIC AN”), have obtained the world’s first independent certifications...

United States >>  8/4/2022 - New Fortress Energy Inc. (NFE) announced that it has entered an agreement with Plug Power Inc. (Plug), a leading provider of turnkey hydrogen solution...
United States >>  8/4/2022 - Northwest Natural Holding Company, (NWN) (NW Natural Holdings), reported financial results and highlights including:
- Reported net income of $...


India >>  8/3/2022 - Ohmium International, Inc., a green hydrogen company that designs, manufactures, and deploys PEM Electrolyzers, is collaborating with Spirare Energy, ...
United States >>  8/2/2022 - Williams (WMB) announced a direct investment in Aurora Hydrogen, a company developing technology that converts natural gas to hydrogen with zero carbo...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.