AES Corp. involved in two regional hydrogen hubs
The AES Corp. is involved in two Regional Clean Hydrogen Hub projects in different parts of the country.
One of them is the Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES) Hub in California, while the other is the HyVelocity Hub in the Gulf Coast of Texas and Louisiana. Each of these two projects received an allocation of $1.2 billion, or $2.4 billion total, from the U.S. Department of Energy.
“We are very pleased that two of the Regional Clean Hydrogen Hubs in which AES is participating were selected by the DOE to receive grants,” Andrés Gluski, AES president and CEO, said. “These announcements, together with our joint venture in North Texas with Air Products, consolidate AES’ position as one of the leaders in producing Green Hydrogen in America.”
The Regional Clean Hydrogen Hubs program was established by the Bipartisan Infrastructure Law, which allocated $7 billion to build 7 regional clean hydrogen hubs across the US. The focus is on creating networks of hydrogen producers, consumers, and local infrastructure that advances the availability and use of clean hydrogen.
Development plans for the two hubs that AES is involved with are expected to be finalized over the next several years. Operations are expected to commence in the latter part of the decade.
