Strata Clean Energy has nixed its power-to-X strategy.
The North Carolina-based renewable energy developer has decided not to pursue developments in the green hydrogen sector, according to sources familiar with the matter.
Mike Grunow, who was executive vice president in charge of P2X, as well as KJ Plank, who was chief innovation officer, are no longer with the firm.
Strata announced in November that it was building a P2X platform, and Grunow said in a subsequent interview that the company was pursuing a multiple gigawatt pipeline of projects.
The firm had recently added staff to support the P2X platform, including Plank, who has recently launched his own company called Grid-Scale advisors since departing Strata in February, according to LinkedIn. Plank notes on his LinkedIn page that, “As developers often do with major projects, Strata decided not to pursue P2X.”
Representatives of Strata did not immediately respond to requests for comment.
