TechDogs-"Mitsubishi Power Welcomes Chevron As Partner In The Advanced Clean Energy Storage Project"

Manufacturing Technology

Mitsubishi Power Welcomes Chevron As Partner In The Advanced Clean Energy Storage Project

By Business Wire

Business Wire
Overall Rating

LAKE MARY, Fla.--(BUSINESS WIRE)--Mitsubishi Power Americas, Inc. welcomes a new strategic partner to the Advanced Clean Energy Storage project in Delta, Utah. Chevron U.S.A. Inc., through its Chevron New Energies division, recently closed a transaction to acquire a majority interest in ACES Delta, LLC (ACES Delta) which is developing the project. ACES Delta is a joint venture between Mitsubishi Power and Magnum Development, now a wholly-owned subsidiary of Chevron.

The addition of Chevron to ACES Delta underscores the immense potential the project brings to the advancement of lower carbon intensity solutions, specifically in the areas of hydrogen production, storage, and utilization. ACES Delta will leverage Chevron’s experience in the fuels business, alongside Mitsubishi Power’s industry-leading clean energy technology solutions and services. The goal is to further advance decarbonization efforts, facilitate growth in demand for hydrogen, and develop future opportunities for commercially viable alternatives in the transportation, power, and industrial sectors.

“The addition of Chevron to ACES Delta is further evidence that partnership and commitment from a diverse group of experts and leaders are beneficial to the industry’s continued pursuit of decarbonization solutions,” said Michael Ducker, Senior Vice President of Hydrogen Infrastructure for Mitsubishi Power. “This project is a bellwether for the industry and serves as a model for future innovative clean energy projects. We welcome Chevron and look forward to working together.”

Austin Knight, Vice President, Hydrogen, Chevron New Energies, said, “Expansion of the lower carbon intensity hydrogen supply, along with the development of innovative storage solutions, is critical to the reduction of greenhouse gas emissions. At Chevron, we look for projects that are moving the needle in this respect, and the Advanced Clean Energy Storage project in Delta, Utah is an example of a commercially viable project that will help advance a lower carbon future.”

The Advanced Clean Energy Storage project is an industry and utility-scale, clean hydrogen facility designed to produce, store, and deliver green hydrogen to the western U.S. It intends to use excess renewable energy, such as wind and solar, to power large-scale electrolyzers supplied by Mitsubishi Power that will produce lower carbon intensity hydrogen and oxygen. The Advanced Clean Energy Storage project’s ACES 1 is expected to produce approximately 100 metric tonnes of hydrogen per day by mid-2025.

The project intends to use Utah’s unique geological salt domes to store the hydrogen across two massive salt caverns, each capable of storing 150-gigawatt hours of energy. The long-duration energy storage capability of the salt caverns is expected to help improve resource adequacy by capturing excess renewable power when it is abundant and dispatching it back on the grid when it is needed.

Offtake for the first two caverns has been secured by Intermountain Power Agency for their IPP Renewed project in central Utah. The 840-megawatt natural gas power plant at IPP Renewed plans to operate on fuel with up to 30 percent lower carbon intensity hydrogen in 2025 and 100 percent by 2045.

Additional Press Releases:

About Mitsubishi Power Americas, Inc.

Mitsubishi Power Americas, Inc. (Mitsubishi Power) headquartered in Lake Mary, Florida, employs more than 2,700 power generation, energy storage, and digital solutions experts and professionals. Our employees are focused on empowering customers to affordably and reliably combat climate change while also advancing human prosperity throughout North, Central, and South America. Mitsubishi Power’s power generation solutions include gas, steam, and aero-derivative turbines; power trains and power islands; geothermal systems; PV solar project development; environmental controls; and services. Energy storage solutions include green hydrogen, battery energy storage systems, and services. Mitsubishi Power also offers intelligent solutions that use artificial intelligence to enable autonomous operation of power plants. Mitsubishi Power is a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI). Headquartered in Tokyo, Japan, MHI is one of the world’s leading heavy machinery manufacturers with engineering and manufacturing businesses spanning energy, infrastructure, transport, aerospace, and defense. For more information, visit the Mitsubishi Power Americas website and follow us on LinkedIn.

Contacts

Christa Reichhardt
Mitsubishi Power
+1 407-484-5599
Christa.Reichhardt@amermhi.com

First published on Tue, Sep 12, 2023

Liked what you read? That’s only the tip of the tech iceberg!

Explore our vast collection of tech articles including introductory guides, product reviews, trends and more, stay up to date with the latest news, relish thought-provoking interviews and the hottest AI blogs, and tickle your funny bone with hilarious tech memes!

Plus, get access to branded insights from industry-leading global brands through informative white papers, engaging case studies, in-depth reports, enlightening videos and exciting events and webinars.

Dive into TechDogs' treasure trove today and Know Your World of technology like never before!

Disclaimer - Reference to any specific product, software or entity does not constitute an endorsement or recommendation by TechDogs nor should any data or content published be relied upon. The views expressed by TechDogs’ members and guests are their own and their appearance on our site does not imply an endorsement of them or any entity they represent. Views and opinions expressed by TechDogs’ Authors are those of the Authors and do not necessarily reflect the view of TechDogs or any of its officials. All information / content found on TechDogs’ site may not necessarily be reviewed by individuals with the expertise to validate its completeness, accuracy and reliability.

Tags:

Mitsubishi Power Renewable Energy Power Generation Energy Storage Digital Solutions PV Solar Project Development Battery Energy Storage Systems

References:

Join The Discussion

  • Dark
  • Light