The joint venture will build six convergent charging stations near city bus terminals that will be able to charge up to 72 hydrogen-powered buses each day.
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JERA Americas and Temasek led the oversubscribed financing round, with Chevron Technology Ventures and Pavilion Capital investing for the first time. The investment was also supported by existing investors AP Ventures, Royal Vopak, and Winkelmann Group. Commercial systems will be deployed in landmark hydrogen projects in Europe, the Middle East, and other parts of the world, including APAC and the Americas.
Based on stations that are now Open-Retail or under development, this year’s analysis is the first to suggest that AB 8’s 100-station target might be met by the end of 2023.
Linde’s investment in the plant, which is located at 4501 Royal Ave., is part of the company’s effort to help New York become carbon-neutral and achieve the Climate Leadership and Community Protection Act (CLCPA), which requires 100 percent zero-emission electricity by 2040.
Wail Al Jaafari and Jumaan Al Zahrani will lead the two new divisions, which will be known as Southern Area Gas Operations and Northern Area Gas Operations, respectively.
The non-legally binding agreement also paves the way for the state’s first hydrogen fuel station to be built in Lewis County, as well as new chances for alternative fuel development.
The Minister of Energy and Mining, Juan Carlos Jobet, was in attendance, as were executives from Enel Green Power Chile, AME, Siemens Energy, Porsche, Enap, and Exxon Mobile, as well as local authorities.
The pilot facilities will be used to evaluate Lotte Chemical’s hydrogen tank manufacturing technology.
Over 40 refueling stations are strategically located between Quebec City, Quebec and Vancouver, British Columbia as part of the project.
As the hydrogen economy continues to grow tremendously, the property will undergo a $35 million makeover and build-out to satisfy GenH2’s needs.
