Duke Energy is in the planning stages for a green hydrogen production and storage facility in DeBary, Florida, according to a local news report.
The utility estimates a cost of $100m for the project, which will be built on land adjacent to a 75 MW solar farm it owns, according the the report.
The DeBary City Council approved an amendment to the company’s existing industrial planned-unit development to allow the project.
The $500m credit facility will fund the RNG company’s growth initiatives. Apollo’s infrastructure credit arm, Apterra, led the deal.
The marketplace aims to streamline the buying and selling of low carbon fuels, starting with hydrogen.
The publicly traded company closed debt financing transactions with two banks for fuel cell projects in Derby, Connecticut.
A large US developer and operator of renewable natural gas projects has tapped an advisor and is in the early stages of a sale process.
A waste-to-fuels developer has lined up an advisor and is planning a capital raise for a project in West Texas, in what is expected to be the first of up to 20 similar fundraising efforts totaling $500m in external capital needs.
An RNG developer based in Appalachia with projects across the US is seeking project debt financing.
