Hy Stor Energy places capacity reservation for Mississippi Clean Hydrogen Hub

“We are thrilled to partner with Hy Stor Energy on the Mississippi Clean Hydrogen Hub. This project can enable significant carbon emission reductions and leave in its wake a blueprint for successful, large-scale green hydrogen projects,” said Nel’s President and CEO, Håkon Volldal.

As Hy Stor Energy’s exclusive electrolyser partner for phase one of the MCHH, Nel will provide alkaline and PEM technology at scale and contribute with its hydrogen expertise and experience. The parties signed a FEED contract in December, and Hy Stor Energy has entered into a capacity reservation agreement with Nel to secure more than 1 GW of alkaline electrolyser capacity for the project. Pending Final Investment Decision (FID), electrode production at Nel’s plant at Herøya, Norway, is expected to run through 2025, 2026, and the first part of 2027. In line with Nel’s accounting standards, the capacity reservation will not be considered as order intake or backlog until a firm purchase order has been received.

The Mississippi Clean Hydrogen Hub project will be the largest zero-carbon, off-grid hydrogen production and salt cavern storage hub in the US. With extensive storage and expansion capabilities, the MCHH project will help drive the growth of the domestic and global hydrogen economy to accelerate renewable hydrogen adoption at scale. Under a previously announced and recently extended exclusive Letter of Intent (LoI), Hy Stor Energy has agreed to supply zero-carbon renewable hydrogen from the MCHH in a direct offtake partnership to support production of green steel in the US.

“Nel Hydrogen has proven electrolyser technologies and an automated manufacturing capability that fit perfectly with Hy Stor Energy’s plans to produce and deliver green hydrogen reliably and cost-effectively,” said Laura L. Luce, CEO and Founder of Hy Stor Energy.

“Trailblazing the development of the green hydrogen economy will require innovation and collaboration among industry first movers, and Hy Stor Energy is leading the charge in the production, storage and delivery of green hydrogen for emission-free manufacturing, transportation, and energy solutions. By pairing Nel’s technology with the Mississippi Clean Hydrogen Hub project, we're ready to deliver tangible results for our customers,” Luce added.

Read the article online at: https://www.globalhydrogenreview.com/hydrogen/29042024/hy-stor-energy-places-capacity-reservation-for-mississippi-clean-hydrogen-hub/