The U.S. Department of Energy has given conditional approval for a half-billion-dollar loan to a project to generate hydrogen from clean sources and pump it into two caves as tall as the Empire State Building near Delta.
Project under IPP plant near Delta — the first of its kind — would store enough green energy to power 30,000 homes for a year
“Advanced Clean Energy Storage is expected to benefit Utah by creating up to 400 construction and 25 operations jobs and could help catalyze long-term job opportunities and transition the state to a new, clean energy economy for the future,” said Jigar Shah, director of the DOE’s loan programs office.
“We are unbelievably excited to reach this important milestone ... ,” said Michael Ducker, Senior Vice President of Hydrogen Infrastructure forand President of Advanced Clean Energy Storage I. “Equally rewarding is having spent the past year partnering and working with such a forward-thinking and incredibly talented team from the Intermountain Power Agency to trail blaze this market-leading facility.
The salt cave is under land owned by the State Institutional Trust Lands Administration and is leased by Magnum Development. The lease revenue benefits Utah schoolchildren. Mitsubishi wanted to know if the county and state had a stable commitment to the project, and they apparently got the answer they wanted.
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