- US officials are set to provide US$504.4 million to build the world’s largest green hydrogen storage hub.
- The project plans an installation of 220MW of electrolysers to generate 100 tonnes of green hydrogen daily.
On Tuesday, the United States (US) authorities announced a conditional commitment to provide some USD 504.4 million (EUR 472.5m) in debt for a project in Utah. The project is planned to construct the world’s largest industrial green hydrogen production and storage hub.
According to a report by Renewable Now, the funding concerns the so-called Advanced Clean Energy Storage Project, which will incorporate four types of technologies to add 1GW of energy storage capacity – renewable hydrogen, compressed air energy storage, large-scale flow batteries and solid oxide fuel cells. In its initial phase, it envisages the installation of 220MW of electrolysers to produce up to 100 tonnes of green hydrogen daily.
The produced hydrogen will be stored in two massive salt caverns, each capable of storing 150GWh of energy. It will then be supplied as feedstock to an 840MW combined cycle power plant, where it will be blended with natural gas to run the facility. By 2045, Intermountain Power Agency’s plant will use only hydrogen.
The planned project is a partnership between Mitsubishi Power Americas Inc and Magnum Development. The duo noted that certain conditions have to be satisfied before the US Department of Energy issues a loan guarantee.