Advanced Clean Energy Storage Project

LEAD DEVELOPER

Mitsubishi Power and Magnum Development

PROJECT PARTNERS

Mitsubishi Power and Magnum Development

MAIN POLITICAL SPONSORS

N.A.

MAIN LOCATION

Delta
(
United States
)

OTHER LOCATIONS

No

Advanced Clean Energy Storage Project

Mitsubishi Power and Magnum Development announced the launch of the Advanced Clean Energy Storage project in central Utah. In the world’s largest project of its kind, it will initially develop 1,000 MW/100,000 MWh of 100 percent green hydrogen storage.

PROJECT DETAILS

H2 PRODUCTION VOLUME

[T/day]:

100.00
VALUE CHAIN COVERAGE

PRIMARY ENERGY SOURCING

H2 PRODUCTION

  • Water electrolysis with PEM electrolyser
  • Water electrolysis with ALK electrolyser

H2 STORAGE

  • Cavern - Compressed H2

H2 TRANSPORT

H2 DISTRIBUTION FOR MOBILITY

END USES

MOBILITY

  • Other

ENERGY

  • Hydrogen supply to gas-fired power plants
  • Hydrogen supply for injection into gas grid

INDUSTRIAL FEEDSTOCK

  • Supply to other industries

INVESTMENT VOLUME

[M€]:

1,000.00
FUNDING

PROJECT TIMELINE

2014

Start of project development

Project finalisation

2035


CURRENT STATUS:

Initial funding received

KEY SUCCESS FACTORS

PROJECT DEVELOPMENT PHASE

  • Political backing and buy-in

    Evaluating hydrogen on equal footing as other energy storage and clean energy technologies

  • Experienced staff

  • Local public acceptance

  • Stakeholder cooperation

COMMERCIAL AND FINANCING PHASE

  • Putting a de-risking framework in place

  • Securing customer commitments to de-risk the financial model

N.A.: Not available. This is possible due to two reasons: a) the Hydrogen Valley chose to not publicly display the data or b) the Hydrogen Valley did not answer the specific question in the associated survey.