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.
Faurecia will develop lightweight carbon fiber gaseous hydrogen tanks as well as a tank to store hydrogen in cryogenic form.
The IRS has proposed strict rules for its approach to clean hydrogen tax credit qualifications.
The project would consume natural gas in the pipeline-constrained Permian Basin as feedstock, potentially mitigating the flaring of up to 34 million cubic feet of natural gas per day.
The company, whose asset footprint includes Gulf Coast hydrogen production, today priced a debt refinancing transaction with an 8.875% coupon.
A Colorado-based renewable hydrogen developer has hired an advisor and will launch a series A funding round next month.
A locomotive start-up focused on the US market for zero-emission freight trains is undergoing a Series B capital raise, with sights on a much larger Series C raise next year.
