DOE closes on $504M loan guarantee for Utah hydrogen storage project with 150 GWh seasonal capacity

The U.S. Department of Energy said it has closed on a $504.4 million loan guarantee for a “green” hydrogen storage project in Utah that will initially be able to store up to 150 GWh worth of hydrogen, providing “seasonal” energy storage in the West.

The loan guarantee with ACES Delta, a joint venture between Mitsubishi Power Americas and Magnum Development, marks the first clean energy loan guarantee issued by DOE since 2011 and the first for a hydrogen project.

READ MORE