LNG player to build 120MW green hydrogen plant in Texas to reduce oil & gas emissions
New Fortress Energy (NFE) has chosen Plug Power, a company that makes electrolysers, to provide a turnkey 120MW green hydrogen project near Beaumont, Texas.
An LNG player will build a 120MW plant in Texas to reduce emissions from oil and gas
New Fortress Energy (NFE) has chosen Plug Power, a company that makes electrolysers, to provide a turnkey 120MW green hydrogen project near Beaumont, Texas. This project will be one of the largest in the US and it can be scaled up to almost 500MW. This is another sign that there is increasing interest in using green hydrogen for oil refining and petrochemical processing.
New Fortress Energy (NFE) has chosen Plug Power, a company that makes electrolysers, to provide a turnkey 120MW green hydrogen project near Beaumont, Texas. This project will be one of the largest in the US and it can be scaled up to almost 500MW. This is another sign that there is increasing interest in using green hydrogen for oil refining and petrochemical processing.
The green hydrogen project site is located near the Neches River in Jefferson County, Texas. This location is close to industrial users and has access to reliable power and transportation. The Port of Beaumont and the Sabine-Neches Navigation District are home to many large-scale industrial facilities that use hydrogen for various purposes.
The companies did not say what kind of clean technology the facility will use for power or how much electricity it will need. Texas is the leading state for wind power and number two for solar power, but most of that available resource is located in areas that don't serve the Beaumont area.
Entergy, a company that provides electricity, is based in New Orleans. It is a minor player in renewables, but it has announced plans to develop or procure about 4.6GW of solar and wind resources by 2024 and 2026. NFE CEO Wes Edens said his company is focused on scalable solutions that have a "real impact" on decarbonization, noting the US policy environment for hydrogen is "increasingly favourable." Last year's bipartisan $1trn infrastructure law provided $9.5bn in federal funding for clean hydrogen, including $8bn for development of four regional hydrogen hubs.
The US Department of Energy has announced that it will be providing $1bn in support for projects and technologies that reduce the cost of green hydrogen. In addition, $500m will be made available to advance the manufacturing and recycling of clean hydrogen. Meanwhile, the Democrats' $443bn climate and tax bill is expected to be passed by Congress this weekend, with President Joe Biden set to sign it into law. This bill includes generous tax credits that could make US renewable H2 the cheapest form of hydrogen in the world.