Inexperienced Hydrogen firm Fusion Gas has penned an settlement with vitality infrastructure developer Electus Power to construct a 75MW inexperienced hydrogen plant in Bakersfield, California.
The venture will encompass 75MW of photo voltaic powering a hydrogen electrolyser plant able to producing 9,500 tonnes of hydrogen yearly, utilizing Fusion’s HEVO know-how. Fusion Gas stated that funding is predicted to shut in early 2024, with commissioning full in mid-2025. The venture would require an estimated funding of US$185 million.
This represents Irish-headquartered Fusion Gas’s first foray into the North American market, and the corporate stated that the Bakersfield solar-to-hydrogen facility will type the cornerstone of its US operations.
“We’re extraordinarily excited to be unveiling the Bakersfield venture alongside our growth accomplice, Electus Power, which has been actively creating hydrogen mobility options within the Southwestern United States and has cultivated deep relationships with potential offtakers within the logistics and distribution ecosystem,” stated Fusion Gas chief business officer Jason Baran.
The businesses have already signed a land-lease settlement for 320 acres in Kern County, California.
Final month, PV Tech Premium revealed a function discussing the position of hydrogen in easing photo voltaic curtailment; as grid insufficiencies and transitioning energy methods put limits on the speed of photo voltaic installations, hydrogen vegetation supply an outlet for extra photo voltaic capability.
Zachary Steele, co-head of Fusion Gas stated: “North America has at all times been a focus of Fusion Gas’s development technique as we construct on our successes in Iberia and start to look past Southern Europe. Nonetheless, the passage of the game-changing Inflation Discount Act earlier this 12 months induced a dramatic acceleration of these plans. The manufacturing and funding tax credit promise to considerably enhance the already engaging economics of our solar-to-hydrogen resolution in lots of markets throughout the US.”