U.S. Earmarks $504 Million to Back World’s Largest Hydrogen Hub
- Developers for Utah project gain DOE conditional commitment
- Hub to provide over 300 gigawatt-hours of clean energy a year
The Advanced Clean Energy Storage project is expected to be the world’s largest industrial green hydrogen production and storage facility.
Source: Business Wire
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The U.S. is backing a project to create the world’s largest hydrogen production and storage facility in Utah in a push to bring the clean-burning fuel into the mainstream.
The Energy Department issued a conditional commitment for up to $504.4 million in debt financing for a hydrogen hub planned for Delta, Utah that is designed to convert renewable energy into hydrogen, according to a statement Tuesday. Developers of the Advanced Clean Energy Storage Project, which is expected to start operating in 2025, include Mitsubishi Power Americas Inc. and Magnum Development LLC.