Verdagy, a U.S.-based company, has partnered with the EPC company Black & Veatch to conduct a Front-End Engineering Design (FEED) study for a planned 60 MW hydrogen plant in Texas. The FEED contract, set to be completed by May 2025, will precede a Financial Investment Decision (FID) in July of the same year, enabling the production of 9,000 tons of clean hydrogen annually near the Gulf Coast. The study will focus on infrastructure development and execution, including hydrogen storage, processing, and liquefaction processes. This will lay the groundwork for Engineering, Procurement, and Construction (EPC) contracts bidding and serve as the design foundation for the project. Black & Veatch's experience in hydrogen electrolysis projects across North America positions them well for this study. The project is expected to bring over $150 million in investment to Texas, along with creating business opportunities and jobs, supporting U.S. energy exports, and setting the stage for future green energy projects in the state. Verdagy's innovative use of their eDynamic® electrolyzers, known for their operational flexibility, will contribute to grid resilience once the plant is connected to the ERCOT grid. Additionally, the company operates another hydrogen plant in Moss Landing, California, showcasing its commitment to large-scale alkaline electrolysis systems. With a positive outlook on the project's impact on the energy sector and job market, Verdagy's initiative signifies a promising step towards sustainable energy development in Texas.