Tallgrass Energy acquires 75% interest in escalante H2 Power, to convert coal-fired power plant to clean hydrogen.
Tallgrass Energy, LP announced that it has closed on the purchase of a 75 percent membership interest in Escalante H2 Power (EH2 Power). EH2 Power is developing a first-of-its-kind hydrogen-to-power project at Tri-State Generation and Transmission Association, Inc.’s Escalante Generating Station near Prewitt, New Mexico, by converting the retired coal-fired power plant into a clean hydrogen-fired power generating facility.
William R. Moler, Tallgrass CEO.
Our acquisition of a 75 percent membership interest in EH2 Power further advances our overall hydrogen development and clean energy infrastructure strategy.
“We believe the Escalante Station is uniquely positioned to be a proving ground for hydrogen-to-power in the U.S. We look forward to working with Tri-State, Newpoint, the local community, and stakeholders throughout New Mexico on this exciting project.”
Tallgrass acquired its membership interest in EH2 Power from Denver-based Brooks Energy Company. The ownership of Newpoint Gas, LLC will retain a 25 percent membership interest in EH2 Power and continue to partner with Tallgrass in EH2’s development of the hydrogen conversion project at the Escalante Station.
Gov. Michelle Lujan Grisham.
This marks another step forward for New Mexico’s push into a thriving clean energy future, one that builds new opportunities for communities transitioning toward new horizons.
READ the latest news shaping the hydrogen market at Hydrogen Central
“New Mexico has what it takes to become an international hydrogen hub, furthering our decarbonization and climate efforts while creating quality jobs for New Mexicans.”
Dwayne Phillips, Vice President – Hydrogen for Tallgrass.
The EH2 Power team has brought tremendous vision and drive to the conversion project, and the State of New Mexico’s leadership in clean hydrogen innovation is exciting for development at Escalante and across the state.
“We are very appreciative of the Brooks Energy team, and we look forward to working with our partners at Newpoint to build on the successes they have achieved with Brooks.”
Wiley Rhodes, CEO of Newpoint Gas, LLC.
We look forward to working with the Tallgrass team on transforming Escalante into a clean hydrogen hub.
“Building on Newpoint’s work, Tallgrass brings strong technical expertise to the project. Of equal importance, Newpoint and Tallgrass share the goal of advancing next-generation hydrogen technologies and offering critical decarbonized energy solutions through the Escalante Station.”
Tallgrass Energy Acquires 75 Percent Membership Interest in Escalante H2 Power, LEAWOOD, Kan, August 8, 2021
