US DOE commits over US$500m to Utah green hydrogen hub

Facebook
Twitter
LinkedIn
Reddit
Email
The green hydrogen produced by the project will be stored in two salt caverns each capable of storing 150GWh of energy. Image: Mitsubishi.

The US Department of Energy (DOE) Loans Program Office (LPO) has committed to a conditional US$504 million investment into the development of a major green hydrogen hub in Utah.

The Advanced Clean Energy Storage Project in Utah has initially been designed to use renewable energy to power a 220MW of electrolyser to produce up to 100 metric tonnes (MT) of green hydrogen per day. This will then be stored in two salt caverns each capable of storing 150GWh of energy.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The project will then supply hydrogen to the Intermountain Power Plant — an 840MW hydrogen capable gas turbine combined cycle power plant — that will initially run on a blend of 30% green hydrogen and 70% natural gas by 2025, with this increasing to 100% by 2045. PV Tech’s sister site Energy-storage.news (ESN), however, has reported that this target could be met sooner.

More detail on the storage element of the project as well as some exclusive extra coverage of today’s announcement by ESN can be accessed here.

The Advanced Clean Energy Storage Project was announced in May 2019, broke ground in spring and is now in the final stages of debt and equity closing. Mitsubishi Power Americas, which is a major backer of the project, said that once complete, it will be the world’s largest industrial green hydrogen production and storage facility.

It has locked in contractors including offtake, engineer, procure and construct (EPC) contractors, major equipment suppliers and operations and maintenance (O&M) providers.

Haddington Ventures, the financial advisor for the hub and equity sponsor of Magnum Development, is securing US$650 million through its Equity Syndication Program.

“The Advanced Clean Energy Storage Project is well on its way to achieving its goal in the creation of a world-class green hydrogen hub,” said Craig Broussard, CEO of the joint venture. “Through our network of partners, we have the potential to provide low-cost green hydrogen to verticals in addition to power, including refineries, heavy industrials and the transportation sector.”

The hub is seeking partners to bring green jobs and green hydrogen to support rural Utah and greater decarbonisation across industries, said Mitsubishi.

7 October 2025
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
21 October 2025
New York, USA
Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.
16 June 2026
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 16-17 June 2026, will be our fifth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2027 and beyond.

Read Next

July 21, 2025
Materials science firm Corning has acquired JA Solar’s 2GW module assembly plant in the US state of Arizona.
July 21, 2025
US solar project developer Primergy Solar has started commercial operations at its 408MWac Ash Creek Solar project in Hill County, Texas.
July 21, 2025
Enfinity Global has sold a 49% equity interest in its 402MW portfolio of solar plants in Italy to the SOFAZ.
July 21, 2025
Xcel Energy has announced plans to install 2GW of new renewable energy capacity in the US states of Texas and New Mexico.
July 21, 2025
The CEC has awarded a US$4 million grant to perovskite developer Tandem PV to test its perovskite-silicon tandem solar panels.
July 18, 2025
The average price of solar panels used in distributed generation projects in the US reached US$0.27/W by the first half of the year.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK