Verdagy's Clean Hydrogen Project in Texas: Black & Veatch to Conduct FEED Studies
Key Ideas
- Black & Veatch to conduct FEED studies for Verdagy's 9,000-tonne-per-year clean hydrogen project in Texas near the Gulf Coast, setting the stage for a final investment decision in July 2025.
- Verdagy's eDynamic electrolysers will produce hydrogen meeting Europe's RFNBO standards and 45V US Treasury requirements, with plans to start production in California this quarter.
- The project is expected to bring over $150 million in investment to Texas, create American jobs, increase US energy exports, and lead to over a gigawatt of upcoming projects in the state.
- Although market conditions, financing challenges, and regulatory uncertainty in the US could pose obstacles, the industry shows a positive trend with a surge in FIDs on clean hydrogen projects.
Global engineering and consulting company Black & Veatch has been selected to undertake front-end engineering and design (FEED) studies for Verdagy's 9,000-tonne-per-year clean hydrogen project in Texas near the Gulf Coast, US. The project aims to use Verdagy's eDynamic electrolysers to produce hydrogen compliant with European standards and US Treasury requirements. Verdagy recently opened an electrolyser manufacturing facility in Silicon Valley, California, and is gearing up for production. The company's President, Rahul Bammi, highlighted the agreement with Black & Veatch as a strategic move tapping into their expertise. The project is anticipated to bring significant investment to Texas, create jobs, and pave the way for future projects. Despite potential challenges, such as market conditions and regulatory uncertainties, the industry is witnessing a positive trend with a surge in FIDs on clean hydrogen projects. The Hydrogen Council's report shows promising growth in the sector, underlining the need for substantial investments to achieve global net-zero goals by 2050.
Topics
Europe
Clean Energy
Infrastructure
Investment
Job Creation
Manufacturing
Renewable Fuels
Engineering
Project Management
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