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ACES Delta | Advanced Clean Energy Storage Project (encouraged)

USA
Greenfield

Overview

Status
-
Greenfield
Region
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North America
Geography
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USA
State
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Utah
Equity Owner
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Mitsubishi Power, Magnum Development, Chevron
Proponent
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ACES Delta (Mitsubishi Power, Magnum Development JV)
Output
-
DOE applicants
Green hydrogen
Type of electricty
-
Capacity
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100 metric tonnes/day | 220MW
Financing
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USD 504.4m DOE loan guarantee
Technology
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electrolysis
Technical Advisors
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Hydrogen Pro (electrolyzer manufacturer)
Advisors
-
Project Contact
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Paul Browning President and CEO of Mitsubishi Power Americas
Lawyers
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Sullivan & Cromwell
Project Cost
-
Offtaker
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Intermountain Power Agency
Commercial Operations Date
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2025
Decommission Date
-
FID
-

Description

A clean energy storage project in Delta, Utah. The project is developed by ACES Delta, which is a joint venture between Mitsubishi Power Americas and Magnum Development.

The project plans to use electrolysis to convert renewable energy into hydrogen and will utilize solution-mined salt caverns for seasonal, dispatchable storage of the energy.

The first project, designed to convert and store up to 100 metric tons per day of hydrogen, is under construction and is expected to enter commercial-scale operations in mid-2025 to support the Intermountain Power Project’s “IPP Renewed” initiative.

In September 2023, Chevron U.S.A. Inc., through its Chevron New Energies division, acquired 100% of Magnum Development from Haddington Ventures. The acquisition granted Chevron a majority interest in ACES Delta, LLC.

 

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