The US Department of Energy (DOE) closed on a $504.4-million loan guarantee to the Advanced Clean Energy Storage project in Delta, Utah (ACES Delta)—marking the first loan guarantee for a new clean energy technology project from DOE’s Loan Programs Office (LPO) since 2014. The loan guarantee will help finance construction of the largest clean hydrogen storage facility in the world, capable of providing long-term low-cost, seasonal energy storage, furthering grid stability.
ACES Delta is a joint venture between Mitsubishi Power Americas and Magnum Development.
The hub will initially be designed to convert renewable energy through 220 MW of alkaline electrolyzers to produce up to 100 metric tonnes per day of green hydrogen, which will then be stored in two massive salt caverns each capable of storing 150 GWh of energy.
Rendering of Advanced Clean Energy Storage salt…