Page 164 - CW E-Magazine (26-9-2023)

News from Abroad

CLEAN ENERGY STORAGE

Chevron acquires stake in low-carbon hydrogen

storage project in Utah

Chevron USA Inc, through its Chev-
ron New Energies division, has closed
a transaction with Haddington Ventures
to acquire 100% of Magnum Develop-
ment, and thus a majority interest in
ACES Delta, which is a joint venture bet-
ween Mitsubishi Power Americas and
Magnum Development. ACES Delta is
developing the ‘Advanced Clean Energy
Storage’ project in Delta, Utah.

The ACES project is an industry
and utility-scale, clean hydrogen faci-
lity designed to produce, store, and
deliver green hydrogen to the western
US. It intends to use excess renewable
energy, such as wind and solar, to power
large-scale electrolysers 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-tpd (tonnes
per day) of hydrogen 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-GWh
of energy. The long-duration energy
storage capability of the salt caverns is
expected to help improve resource ade-
quacy by capturing excess renewable
power when it is abundant and dispatch- services. The goal is to further advance Mitsubishi Power, to build on Chev-
ing it back on the grid when it is needed. decarbonisation efforts, facilitate growth ron’s 75-year history in Utah,” said
Offtake for the first two caverns has in demand for hydrogen, and develop Mr. Austin Knight, Vice President, Hydro-
been secured by Intermountain Power future opportunities for commercially gen, Chevron New Energies. As part of
Agency for their IPP Renewed project viable alternatives in the transportation, broader efforts to pursue lower carbon
in central Utah. The 840-MW natural power, and industrial sectors. energy solutions, Chevron New Ener-
gas power plant at IPP Renewed plans gies is working to enhance demand for
to operate on fuel with up to 30% lower “As we continue to pursue lower lower carbon intensity hydrogen – and
carbon intensity hydrogen in 2025 and carbon energy solutions, we are excited the technologies that support cost-effec-
100% by 2045. ACES Delta will lever- to move forward with the Advanced tive supply – as a commercially viable
age Chevron’s experience in the fuels Clean Energy Storage hydrogen pro- alternative in the transportation, power,
business, alongside Mitsubishi Power’s ject, through our acquisition of Mag- and industrial sectors where greenhouse
clean energy technology solutions and num Development and partnership with gas emissions are hard to abate.

164 Chemical Weekly September 26, 2023

Contents Index to Advertisers Index to Products Advertised