Brookfield Bolsters Role in Low-Carbon Fuel, Builds Out Solar

Researched by Industrial Info Resources (Sugar Land, Texas)--Brookfield Asset Management Incorporated (NYSE:BAM) (Toronto, Canada) is wading further into the green fuels market with an investment of up to $1.1 billion in ultra-low-carbon fuel producer Infinium (Sacramento, California), including more than $200 million in a project under development in West Texas. Brookfield already has a strong foothold in the solar market. Industrial Info is tracking nearly $12 billion worth of active and proposed projects from Brookfield across the U.S. and Canada, more than 85% of which is attributed to the power-generation sector.

Click on the image at right for a graph detailing Brookfield's active and proposed projects, by project type.

Infinium's proposed Project Roadrunner in Odessa, Texas, would process waste carbon dioxide (CO2) and green hydrogen to produce a type of sustainable aviation fuel (SAF) that Infinium calls "Electrofuel" (eFuel, or eSAF). Its proposed site previously operated as a commercial gas-to-liquids facility. In November, Infinium announced it had signed American Airlines (NASDAQ:AAL) (Fort Worth, Texas) to a strategic deal, in which American will begin purchasing commercial volumes of eSAF from Project Roadrunner in 2026. Subscribers to Industrial Info's Global Market Intelligence (GMI) Alternative Fuel Project and Plant databases can learn more from a detailed project report and plant profile.

"Brookfield is a tremendous partner, and we are thrilled to secure this additional capital as we scale eSAF production to meet the overwhelming demand from the aviation industry," said Robert Schuetzle, the chief executive officer of Infinium, in a press release. "Our Project Pathfinder site was the first to bring commercial volumes of eFuels to market, and Project Roadrunner brings additional volumes of eFuels to scale global supplies."

Completed earlier this summer, Infinium's Project Pathfinder in Corpus Christi, Texas, produces eFuel for developers of heavy-transit combustion engines, as well as the Chemical Processing Industry and the construction market. Subscribers can learn more from a detailed project report and plant profile.

Brookfield says the Infinium investment marks its first venture into SAF. Its newfound interest in renewable fuels follows years of renewable-energy development, including active or proposed solar-energy projects in nearly every major U.S. region. Before the end of the year, Brookfield expects to finish construction on two major projects in Texas: the $200 million Markum Solar Plant in Valley Mills, and a $120 million Liberty I Plant in Liberty.

The Markum project is expected to generate 161 megawatts (MW) from photovoltaic (PV) panels provided by First Solar Incorporated (NASDAQ:FSLR) (Tempe, Arizona), while the Liberty I project would generate 60.8 MW from First Solar PV panels and feature a 60-MW battery energy-storage system (BESS). Subscribers can read detailed reports on the Markum and Liberty I projects.

Also slated to wrap up before the end of the year is the $101 million Foxglove Solar Plant in Stephens City, Virginia, which is designed to generate 75 MW from PV panels provided by Hanwha Q Cells, a subsidiary of Hanwha Group (Seoul, South Korea). Subscribers can learn more from a detailed project report.

Next year, Brookfield expects to finish two projects now under construction: the $270 million Spring Grove Solar 2 Plant in Spring Grove, Virginia, and the $150 million Aspen Run Plant in Spring Run, Pennsylvania. The projects are expected to generate 150 and 100 MW, respectively, from PV panels provided by Hanwha and Canadian Solar (NASDAQ:CSIQ) (Guelph, Ontario), respectively. Subscribers can read detailed reports on the Virginia and Pennsylvania projects.

Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.

Subscribers can click here for a full list of reports for active and planned projects across the U.S. from Brookfield.

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).