Electric Hydrogen announces a 1GW framework supply agreement for large-scale electrolyzer plants with The AES Corporation.
Today, Electric Hydrogen (“EH2”) announced it has reached a comprehensive framework supply agreement with The AES Corporation for up to 1GW of large-scale electrolyzer plants to produce low-cost, green hydrogen from renewable energy.
This supply reservation agreement includes commercial requirements for AES to order up to 1 GW of fully integrated, low-cost 100MW electrolyzer plants from Electric Hydrogen.
Raffi Garabedian, CEO of Electric Hydrogen, said:
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AES’ expertise in power markets, project development and new technology integration are best-in-class.
“We’re excited to help AES deliver on the promise of green hydrogen and look forward to partnering with them on their future hydrogen projects.”
Electric Hydrogen’s 100 MW high-tech electrolyzer plants feature the capability to follow variable renewable energy resources allowing customers to optimize energy use and maximize project returns. The plants are designed and manufactured in the US, and the company is presently pre-fabricating its first customer-sited plant in Texas and has two operating plants in California.
Ashley Smith, Chief Innovation Officer, AES, said:
Electric Hydrogen’s innovative technology and large-scale product enables AES to offer cost effective decarbonization solutions for our customers in the most difficult to decarbonize sectors.
“AES is taking steps to secure our supply chain proactively as we strategically grow our green hydrogen business.”
Electric Hydrogen’s roadmap to scale high-rate manufacturing in the US is intended to make green hydrogen competitive with fossil fuel resources by 2030. That roadmap also will allow US electrolyzer manufacturing to outstrip low-tech electrolyzer alternatives, such as alkaline products currently mass-produced in China.
The procurement reservation agreement enables AES to develop additional green hydrogen projects, capitalizing on EH2’s project scale, efficiency and low capital costs.
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Electric Hydrogen announces a 1GW framework supply agreement for large-scale electrolyzer plants with The AES Corporation. source
