Fusion Fuel, Electus Bakersfield project

Overview

Status

Greenfield

Region

North America

Geography

USA

State

California

Equity Owner

Proponent

Fusion Fuel, Electus JV

Output

Green hydrogen

Type of electricty

Capacity

9,300 tons per annum

Financing

Technology

Fusion Fuel electrolyzers

Technical Advisors

Black & Veatch (concept study)

Advisors

RBC

Project Contact

Zachary Steel, co-head

Lawyers

Project Cost

$180m

Offtaker

Commercial Operations Date

2025

Decommission Date

FID

February, 2024

Description

The proposed project is a roughly 75 MW solar-to-hydrogen facility using Fusion Fuel´s HEVO technology, capable of producing up to 9,300 tons of green hydrogen per annum including nighttime operation. The project would require an estimated ~$180 million in capital investment, with a final investment decision expected in early 2024 and commissioning in the first half of 2025. Once operational, this project will provide enough hydrogen fuel to support over 1,000 Class 8 trucks or buses per day.

November 30, 2022

Green hydrogen developer raising capital for projects

Fusion Fuel, a green hydrogen developer based in Portugal, has engaged an advisor and is in talks with investors to raise capital for projects in North America. The company is...

November 29, 2022

Fusion Fuel and Electus Energy to develop 75 MW green hydrogen project in California

Fusion Fuel and Electus Energy have entered into an exclusive joint venture agreement to develop a large-scale green hydrogen project in Bakersfield, California. The proposed project is a roughly 75...