Reports related to this article:
Project(s): View 4 related projects in PECWeb
Plant(s): View 4 related plants in PECWeb
Released May 22, 2024 | SUGAR LAND
en
Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--Seven green hydrogen-related projects are among 35 that were recently announced as receiving grant money from the U.S. Department of Energy. The 35 will receive a total of $1.93 billion, with the green hydrogen numbers among them getting about $300 million of that.
The seven companies include: Nel Hydrogen (Oslo, Norway) ($41 million); Ballard Power Systems (NASDAQ:BLDP) (Burnaby, Canada) ($54 million); Nuvera Fuel Cells (Billerica, Massachusetts) ($14.1 million); Topsoe SOEC (Lyngby, Denmark) ($136 million); John Cockerill Hydrogen North America (Houston, Texas) ($34.1 million); Electric Hydrogen (Natick, Massachusetts) ($18.3 million); and Cummins (NYSE:CMI) (Columbus, Indiana) ($10.6 million). Below is more information on projects Industrial Info is tracking.
Ballard Gigafactory
Ballard's IRS credits of $54 million will combine with a U.S. Department of Energy (DOE) grant of $40 million to support the build-out of the company's Rockwall Gigafactory in Rockwall, Texas. Planned for a 22-acre parcel in the Rockwall Technology Park, the Ballard Rockwall Giga 1 facility will manufacture membrane electrode assemblies (MEAs, used in making hydrogen), bipolar plates, stack and engines, according to a company press release.
The investment will boost the company's plans for bringing out "scaled, advanced manufacturing of next-generation fuel cells online in late 2027--at the same time when we expect to reach capacity constraints of our existing North American production facilities based on our forecasted growth and production volumes," the company said. Fuel cells run on hydrogen to create electricity for electric vehicles (EVs). Compared to battery electric vehicles (BEVs), fuel-cell vehicles typically have greater range, less weight and space tied up in batteries, and do not require copious amounts of lithium for power storage.
A final investment decision (FID) on the facility is expected later this year, "pending completion of customary conditions, including necessary approvals and definitive documentation."
Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can click here to read the detailed project report.
Nel Hydrogen's PEM Electrolyzer
Another of the grantees, Nel Hydrogen, is an Oslo-based manufacturer of electrolyzers and hydrogen-fueling stations with decades-old operations in Connecticut. Nel will add the $41 million from the 48C IRS grant to other grants from the DOE and the State of Michigan, making a total of $170 million for a facility in Plymouth Charger Township, Michigan, a Detroit suburb.
In Connecticut Nel developed "advanced applications for producing hydrogen based on its PEM (Proton Exchange Membrane) electrolyzer." The company also does research and development (R&D) on that site.
Plans for the Michigan location are for it to be one of the world's largest electrode facilities "where Nel will manufacture its next-generation pressurize alkaline and PEM technologies."
Subscribers can click here to read the project report.
John Cockerill's North Gigaplant
Having acquired a brownfield development location at Baytown, Texas in October of 2023, 200-year-old Belgium-based John Cockerill Hydrogen North America will plow its $34.1 million into installing equipment at what will be its first North American alkaline electrolyzer gigafactory. Groundbreaking for the facility was December 9 of last year. It is expected to provide around 200 direct jobs.
John Cockerill's grant money will help refurbish an existing building on the site and install "state-of-the-art machines, developed thanks to expertise gained from John Cockerill's other hydrogen factories," according to a press release.
Also, "We expect the first electrolyzer produced at the facility to be ready before the end of 2024, with full ramp up achieved in 2026. The facility is expected to produce 1 GW [gigawatt] per year of electrolyzers."
Click here to read more information about the project.
Electric Hydrogen's Gigafactory
Based in Natick, Massachusetts, Electric Hydrogen's gigafactory plans to integrate new manufacturing technology with practices from solar and automotive industries to make large volumes of electrolyzers.
When fully operational at its 1.2-GW-per-year capacity, the company says the Devens, Massachusetts' factory's stacks "will generate enough green hydrogen to eliminate up to 2.4 million metric tons of carbon dioxide emissions per year." The company expects to send its first electrolyzer stacks to a company in southeast Texas, later this year.
Subscribers can read the project report.
About the 48C Grants
Qualifying Advanced Energy Project Credits (48C) were initiated through the Inflation Reduction Act. The goal of the grants is to speed the growth of clean-energy manufacturing facilities, among others. An investment tax credit, it provides for up to 30% of qualified investments "providing they meet prevailing wage and apprenticeship requirements," said the DOE press release.
Subscribers to Industrial Info's GMI Database can click here to view reports for all of the projects discussed in this article and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
The seven companies include: Nel Hydrogen (Oslo, Norway) ($41 million); Ballard Power Systems (NASDAQ:BLDP) (Burnaby, Canada) ($54 million); Nuvera Fuel Cells (Billerica, Massachusetts) ($14.1 million); Topsoe SOEC (Lyngby, Denmark) ($136 million); John Cockerill Hydrogen North America (Houston, Texas) ($34.1 million); Electric Hydrogen (Natick, Massachusetts) ($18.3 million); and Cummins (NYSE:CMI) (Columbus, Indiana) ($10.6 million). Below is more information on projects Industrial Info is tracking.
Ballard Gigafactory
Ballard's IRS credits of $54 million will combine with a U.S. Department of Energy (DOE) grant of $40 million to support the build-out of the company's Rockwall Gigafactory in Rockwall, Texas. Planned for a 22-acre parcel in the Rockwall Technology Park, the Ballard Rockwall Giga 1 facility will manufacture membrane electrode assemblies (MEAs, used in making hydrogen), bipolar plates, stack and engines, according to a company press release.
The investment will boost the company's plans for bringing out "scaled, advanced manufacturing of next-generation fuel cells online in late 2027--at the same time when we expect to reach capacity constraints of our existing North American production facilities based on our forecasted growth and production volumes," the company said. Fuel cells run on hydrogen to create electricity for electric vehicles (EVs). Compared to battery electric vehicles (BEVs), fuel-cell vehicles typically have greater range, less weight and space tied up in batteries, and do not require copious amounts of lithium for power storage.
A final investment decision (FID) on the facility is expected later this year, "pending completion of customary conditions, including necessary approvals and definitive documentation."
Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can click here to read the detailed project report.
Nel Hydrogen's PEM Electrolyzer
Another of the grantees, Nel Hydrogen, is an Oslo-based manufacturer of electrolyzers and hydrogen-fueling stations with decades-old operations in Connecticut. Nel will add the $41 million from the 48C IRS grant to other grants from the DOE and the State of Michigan, making a total of $170 million for a facility in Plymouth Charger Township, Michigan, a Detroit suburb.
In Connecticut Nel developed "advanced applications for producing hydrogen based on its PEM (Proton Exchange Membrane) electrolyzer." The company also does research and development (R&D) on that site.
Plans for the Michigan location are for it to be one of the world's largest electrode facilities "where Nel will manufacture its next-generation pressurize alkaline and PEM technologies."
Subscribers can click here to read the project report.
John Cockerill's North Gigaplant
Having acquired a brownfield development location at Baytown, Texas in October of 2023, 200-year-old Belgium-based John Cockerill Hydrogen North America will plow its $34.1 million into installing equipment at what will be its first North American alkaline electrolyzer gigafactory. Groundbreaking for the facility was December 9 of last year. It is expected to provide around 200 direct jobs.
John Cockerill's grant money will help refurbish an existing building on the site and install "state-of-the-art machines, developed thanks to expertise gained from John Cockerill's other hydrogen factories," according to a press release.
Also, "We expect the first electrolyzer produced at the facility to be ready before the end of 2024, with full ramp up achieved in 2026. The facility is expected to produce 1 GW [gigawatt] per year of electrolyzers."
Click here to read more information about the project.
Electric Hydrogen's Gigafactory
Based in Natick, Massachusetts, Electric Hydrogen's gigafactory plans to integrate new manufacturing technology with practices from solar and automotive industries to make large volumes of electrolyzers.
When fully operational at its 1.2-GW-per-year capacity, the company says the Devens, Massachusetts' factory's stacks "will generate enough green hydrogen to eliminate up to 2.4 million metric tons of carbon dioxide emissions per year." The company expects to send its first electrolyzer stacks to a company in southeast Texas, later this year.
Subscribers can read the project report.
About the 48C Grants
Qualifying Advanced Energy Project Credits (48C) were initiated through the Inflation Reduction Act. The goal of the grants is to speed the growth of clean-energy manufacturing facilities, among others. An investment tax credit, it provides for up to 30% of qualified investments "providing they meet prevailing wage and apprenticeship requirements," said the DOE press release.
Subscribers to Industrial Info's GMI Database can click here to view reports for all of the projects discussed in this article and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
