Phoenix Hydrogen Hub

Overview

Status

FID

Region

North America

Geography

USA

State

Arizona

Equity Owner

Fortescue Future Industries (100% acquired in July 2023)

Proponent

Phoenix Hydrogen Hub, LLC

Output

Green hydrogen

Type of electricty

Capacity

11,000 tonnes/year

Financing

Fortescue Future Industries invested$24M to acquire 100% interest

Technology

Technical Advisors

Advisors

Scotiabank

Project Contact

Phoenix CEO Shawn Drost

Lawyers

Project Cost

$550m

Offtaker

Commercial Operations Date

2026

Decommission Date

FID

December, 2023

Description

The Phoenix Hydrogen Hub is green hydrogen project located near Phoenix, in the city of Buckeye, Arizona.

Phase One of the PHH project is planned to be an 80MW electrolyzer and liquefaction facility, capable of producing up to 12,000 tonnes of liquified green hydrogen annually. The PHH project has further capacity to scale up production to help meet future demand.

Phoenix Hydrogen, a salt cavern storage developer based in Berkeley, California, sold the project to Fortescue Future Industries in July 2023, in a process led by Scotiabank.

November 21, 2023

Fortescue takes FID on green hydrogen projects

Fortescue Metals Group Ltd has taken a final investment decision (FID) on the Phoenix Hydrogen Hub and the Gladstone PEM50 Project in Queensland, Australia. The company will also advance a...

July 20, 2023

Fortescue buys Phoenix hydrogen project for $24m

Fortescue Future Industries (FFI) has made its first major move in the United States following the passage of the Inflation Reduction Act, investing $24m to acquire a 100% interest in...

January 25, 2023

FFI and Nikola to collaborate on large-scale green hydrogen projects in US

Nikola Corporation, a provider of zero-emissions transportation and energy supply and infrastructure solutions, and Fortescue Future Industries (FFI) have executed a memorandum of understanding (MOU) to collaborate on and evaluate...