AES, Air Products investing $4B for Texas green hydrogen plant

Air Products and AES are investing $4 billion to build and run a green hydrogen plant in Texas, the companies announced this morning.Why it matters: The Texas-sized investment will make the planned plant the largest green hydrogen producer in the U.S., according to the release. What’s happening: The plant, in Wilbarger County in northern Texas, will use electrolyzers to produce about 200 metric tons of hydrogen per day, or about 73,000 metric tons per year.Details: Air Products and AES will jointly own the renewable energy and electrolyzer assets. Air Products will be the exclusive off-taker under a 30-year take-or-pay contract.  The intrigue: The plant is relying entirely on renewables to power the electrolyzers that will produce the hydrogen: about 900 MW of wind and 500 MW of solar.The companies are putting a lot of faith in the energy sources’ negative correlation: that wind…

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