Clean energy storage grant

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The U.S. Department of Energy’s (DOE) Loan Programs Office announced today that it has issued a conditional commitment to Advanced Clean Energy Storage I, Mitsubishi Power Americas, Magnum Development, and Haddington Ventures, for up to $504.4 million for the Advanced Clean Energy Storage Project, expected to be the world’s largest industrial green hydrogen production and storage facility. The hydrogen hub has secured contracts for offtake, engineer, procure and construct (EPC), major equipment suppliers, and operations and maintenance (O&M) providers.

The hub will initially be designed to convert renewable energy through 220 MW of electrolyzers to produce up to 100 metric tonnes per day of green hydrogen, which will then be stored in two massive salt caverns each capable of storing 150 GWh of energy. It will supply hydrogen feedstock to the Intermountain Power Agency’s (IPA) IPP Renewed project, an 840 MW hydrogen-capable gas turbine combined cycle power plant that will initially run on a blend of 30% green hydrogen and 70 percent natural gas by volume starting in 2025 and will increase to 100 percent by 2045. Those involved in the hub include Black & Veatch, Mitsubishi Power, NAES Utah School and Institutional Trust Lands Administration, and engineering firm WSP. For more information, visit