- Press Releases
June 30 (Renewables Now) - Norway-based HydrogenPro AS will be the company to supply 220 MW of high-pressure alkaline electrolysers for the Advanced Clean Energy Storage (ACES) project in the US state of Utah.
HydrogenPro said on Thursday that it aims to complete the fabrication of the electrolyser systems in the third quarter of next year in order to complete on-site work in late 2024. The electrolysis plant will have the capacity to produce up to 100 metric tonnes of hydrogen per day.
Earlier this month, the US Department of Energy (DOE) granted a USD-504.4-million (EUR 479.6m) loan guarantee to the developers of the ACES project in Delta, a joint venture between Mitsubishi Power Americas and Magnum Development, which US oil group Chevron Corp (NYSE:CVX) announced plans to join last September.
The intention for this project is to convert excess renewable energy into green hydrogen, store it in two massive salt caverns and then deploy it as fuel for an 840-MW hydrogen-capable gas turbine combined cycle power plant.
“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,” commented Richard Espeseth, interim CEO of HydrogenPro.
The Norwegian company claims it can deliver hydrogen at a cost of about USD 1.20 per kg already in 2022, if powering its alkaline electrolysers at an electricity cost of USD 20/MWh.
(USD 1 = EUR 0.951)