Chevron takes lead in Utah clean energy storage project
Chevron has acquired a significant stake in the Advanced Clean Energy Storage project located in Delta, Utah, U.S.A. This initiative aims to harness electrolysis to transform renewable energy into hydrogen, using solution-mined salt caverns for efficient, seasonal energy storage.
The project’s inaugural phase, set to convert and store up to 100 metric tons of hydrogen daily, is currently under construction. It is anticipated to commence commercial operations by mid-2025, aligning with the Intermountain Power Project’s “IPP Renewed” initiative. Additionally, several opportunities are being explored to produce and supply hydrogen to various sectors, including utilities, transportation, and industry, primarily in the western U.S.
Austin Knight, vice president of Hydrogen at Chevron New Energies, expressed enthusiasm about the venture. He highlighted the collaboration with Magnum Development and Mitsubishi Power, emphasising Chevron’s longstanding presence in Utah. “This partnership aims to tap into each entity’s strengths, fostering a robust hydrogen platform that caters to the evolving energy needs of our customers,” Knight said.
Michael Ducker, senior vice president of Hydrogen Infrastructure for Mitsubishi Power, echoed this sentiment. He emphasised the project’s potential to serve as a model for future hydrogen initiatives, especially with Chevron’s involvement expediting hydrogen supply expansion.
Utah Governor Spencer Cox praised the initiative, noting Utah’s reputation for fostering clean energy innovation. Craig Broussard, CEO of Magnum Development, also expressed optimism about Chevron’s involvement in the ACES Delta mission, anticipating significant strategic value.