Monarch Energy Beaumont Texas

Overview

Status

Greenfield

Region

North America

Geography

USA

State

Texas

Equity Owner

Proponent

Monarch Energy

Output

Green hydrogen

Type of electricty

Capacity

500 MW

Financing

Technology

electrolysis

Technical Advisors

Advisors

Project Contact

Ben Alingh, CEO, balingh@monarch.energy; Charles Koontz, COO, ckoontz@monarch.energy

Lawyers

Project Cost

$500m

Offtaker

Commercial Operations Date

Decommission Date

FID

November, 2024

Description

The project involves construction of a 500 MW green hydrogen production facility in Hardin and Jefferson Counties, in Texas.

Monarch has signed an MoU with Entergy Texas to leverage existing transmission infrastructure and/or construct new generation resources to supply long-term renewable power to the project.

The project represents a potential $500m investment in the Beaumont region. Monarch began development of the facility in 2021 and expects to commence commercial operations in 2026.

December 4, 2023

Exclusive: Monarch Energy targeting green hydrogen FID in 2024

Green hydrogen developer Monarch Energy aims to take its first final investment decision as soon as next year, CEO Ben Alingh said in an interview. Monarch is moving forward with...

April 5, 2023

Green hydrogen developer Monarch Energy signs MoU for clean power with Entergy

Entergy Texas and Monarch Energy, a company known for its green hydrogen and electro-fuels projects, have signed a memorandum of understanding to help advance the energy infrastructure in Southeast Texas,...

February 23, 2023

Denbury inks new C02 transportation and storage agreements

Denbury Inc. has signed several new agreements related to its carbon capture, utilization and storage (CCUS) business, according to a news release. Chris Kendall, Denbury’s president and CEO, commented, “Today, we...