CIC inks non-binding green hydrogen agreement with GE Vernova
Published by Callum O'Reilly,
Senior Editor
Global Hydrogen Review,
Climate Impact Corp. (CIC) has announced a non-binding agreement with GE Vernova’s Power Conversion business (GE Vernova) to lay out their intentions to collaborate on a design for the possible future deployment of highly efficient green hydrogen production modules, with the objective of achieving a US$2/kg production price for green hydrogen. CIC will be assisted by engineering professional services firm, Worley.
GE Vernova and CIC intend to co-develop an off-grid modular green hydrogen production technology which could form the building blocks of CIC’s flagship US$10 billion Green Springs – a 10 GW green hydrogen production project in Australia’s Northern Territory. CIC’s Green Springs project is expected to deploy an expected 2150 modules which in aggregate will produce more than 500 000 tpy of hydrogen when fully operational, worth an estimated AUS$1 billion per year.
Each module comprises all the equipment and systems designed specifically for operation with off-grid intermittent renewable energy to produce low carbon-intensity hydrogen without connection to the electricity grid, town services or use of local water sources or desalinated water.
CIC Chairman, David Green, said the announcement was an exciting step and the potential collaboration with GE Vernova could help CIC with their target of achieving low carbon intensity hydrogen.
This module design opens the way for a new wave of low-cost green hydrogen production opportunities in locations around the world where the best solar resources exist, typically in water stressed areas, without the need for expensive support infrastructure.
Development of Green Springs Balance of Plant phase is currently under way and it is hoped that the significant interest in the project could present further opportunities to deploy modular green hydrogen in similar climates around the world and unlock generation capacity in the energy sector and private, energy-intensive businesses.
Read the article online at: https://www.globalhydrogenreview.com/hydrogen/15052024/cic-inks-non-binding-green-hydrogen-agreement-with-ge-vernova/
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