Apex Clean Energy Leases Pecos County Land for Hydrogen Production
Key Ideas
  • Pecos County Commissioners Court approved a lease with Apex Clean Energy for 9,000 acres of land near Fort Stockton for hydrogen production, aiming to diversify the energy future.
  • The agreement outlines a development period of seven years, followed by a 30-year operational period, with annual payments to the school fund increasing over time based on wind turbine installation and hydrogen production.
  • Apex ensures the use of alternate water sources for hydrogen production, entering into a water purchase lease agreement with Fort Stockton and pledging to evaluate additional sources as technology advances.
  • The Pecos Flats Energy project by Apex includes wind, solar, and a green hydrogen electrolyzer, highlighting the company's commitment to sustainable energy practices and economic development in the region.
The Pecos County Commissioners Court has approved a lease agreement with Apex Clean Energy, a renewable energy company based in Virginia, for 9,000 acres of land near Fort Stockton, Texas. The purpose of the lease is for energy production, specifically targeting hydrogen as a means to diversify the region's energy sources. Apex Clean Energy is known for originating, constructing, and operating utility-scale renewable energy projects across North America. The lease agreement includes a seven-year development period to evaluate the feasibility of the property, followed by a 30-year operational period. Payments to the school fund will increase progressively over time based on wind turbine installation fees and hydrogen production. Apex has committed to using alternate water sources for hydrogen production, including a water purchase lease agreement with Fort Stockton. The company's Pecos Flats Energy project, which includes wind, solar, and a green hydrogen electrolyzer, aims to utilize the region's resources sustainably. The project is estimated to require 40,000 barrels of water daily, with Apex assuring that its water usage will be less intensive than historical practices. The initiative not only showcases Apex's dedication to renewable energy but also contributes to economic development in the area.
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