Might 23 (Renewables Now) – Renewable power and expertise platform Clear Vitality Holdings (CEH) will work with EPC contractor Equix Inc and different companions in a undertaking to construct a 250-MW liquefied inexperienced hydrogen manufacturing plant in Texas.
The undertaking can be realised by way of a partnership known as the Renewable Vitality and Expertise Alliance, Wisconsin-based Equix mentioned on Friday. The scale of the required funding was not disclosed.
The proposed facility is deliberate to be put in in Clear Fork to supply a mean of 30 tonnes of liquefied inexperienced hydrogen day by day. It’s slated to start industrial operations within the third quarter of 2024.
ING Americas, a part of Dutch banking group ING Groep NV (AMS:INGA), will advise CEH on the monetary features of the undertaking and can assist the alliance safe financing, whereas Bair Vitality can be in control of development administration actions.
Based on the assertion, the undertaking companions are presently working with “an skilled commodities group” to market the plant’s output and lead off-take negotiations.
“Our Alliance is main power transformation, and we’re dedicated to proceed to guide the North American market within the manufacturing and implementation of inexperienced hydrogen for industrial, chemical, and mobility purposes,” mentioned CEH’s CEO Nicholas Bair.