- Fusion Fuel and Electus Energy intend to build a green hydrogen project with a capacity of roughly 75 MW.
In Bakersfield, California, Fusion Fuel and Electus Energy intend to build a green hydrogen project with a capacity of roughly 75 MW. The firms today announced the signing of a joint venture agreement for the solar-to-hydrogen project, estimated to cost €175 million and to utilize Fusion Fuel’s HEVO technology.
To commission the facility in the first half of 2025, the partners anticipate making a definitive investment decision in early 2024. According to the statement, the facility would create up to 9,300 tonnes of hydrogen yearly, enough to fuel nearly 1,000 Class 8 trucks or buses daily.
The companies signed a land-lease contract for a project in Kern County. In addition, fusion Fuel collaborated with Cornerstone Engineering and Headwaters Solutions and hired Black & Veatch to carry out a concept study.
“Due to the unique combination of solar irradiance, California tax incentives, and proximity to large-scale offtake, Bakersfield is the ideal project to anchor our North American strategy,” said Fusion Fuel’s chief commercial officer Jason Baran.
Fusion Fuel, which has been concentrating on Iberia, co-head Zachary Steele stated that the company’s intentions for North America had advanced due to the Reduction Act’s adoption. In addition to its new factory in Benavente, Portugal, the company will also be considering an investment in a US production facility, according to Steele.