Mitsubishi Power Americas and Magnum Development announced that their jointly developed Advanced Clean Energy Storage Project has been invited by the U.S. Department of Energy’s (DOE) Loan Programs Office to submit a Part II Application for up to USD 595M under the Title 17 Innovative Energy Loan Guarantee Program to develop a proposed green hydrogen hub in Delta, Utah.
The green hydrogen hub is part of a broad effort to support decarbonization efforts across the western U.S. The DOE program finances projects that accelerate commercial deployment of innovative energy technology that avoids, reduces, or sequesters greenhouse gas or air pollutant emissions.
The green hydrogen hub at the Advanced Clean Energy Storage Project would interconnect green hydrogen production, storage and distribution in the West. Green will support decarbonizing multiple industries including power, transportation, and manufacturing.