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.

Link to website

LEAD DEVELOPER

Mitsubishi Power and Magnum Development

PROJECT PARTNERS

MAIN POLITICAL SPONSORS

N/a

MAIN LOCATION

United States

OTHER LOCATIONS

Project details

H2 PRODUCTION VOLUME

N.A.

INVESTMENT VOLUME

[M€]:

1,000.00

FUNDING

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

Project timeline

CURRENT STATUS:

N.A.

2014

2019

Start of project development

2024

Project finalization

2035

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

Go back to Hydrogen Valleys Contact

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.