US-based electrolyzer manufacturer Electric Hydrogen (EH2) has entered into a comprehensive framework agreement with energy company AES Corporation to supply up to 1 GW of large electrolyzers for the production of low-cost, green hydrogen from renewable energy sources. "AES is taking steps to secure our supply chain proactively as we strategically grow our green hydrogen business," said AES Chief Innovation Officer Ashley Smith.
Electric Hydrogen has announced that it has reached a comprehensive framework supply agreement with The AES Corporation for up to 1 GW of large-scale electrolyzers to produce low-cost green hydrogen from renewable energy.
This supply booking agreement covers the commercial requirements for AES to order up to 1 GW of fully integrated, low-cost 100MW electrolyzers from Electric Hydrogen.
"AES' expertise in energy markets, project development and new technology integration is best-in-class," said Raffi Garabedian, CEO of Electric Hydrogen. "We are excited to help AES deliver on the promise of green hydrogen and look forward to working with them on their future hydrogen projects."
Electric Hydrogen's 100 MW high-tech electrolyzers feature the ability to track variable renewable energy sources, allowing customers to optimize energy consumption and maximize project payback. The plants are designed and manufactured in the US and the company is currently prefabricating its first plant in Texas at a customer site and has two operating plants in California.
"Electric Hydrogen's innovative technologies and extensive product portfolio enable AES to offer cost-effective decarbonization solutions for our customers in the most difficult to decarbonize industries," said Ashley Smith, Chief Innovation Officer, AES. "AES is taking steps to secure our supply chain proactively as we strategically grow our green hydrogen business."
Electric Hydrogen's plan to expand high-speed production in the U.S. is designed to make green hydrogen competitive with fossil fuel sources by 2030. The plan will also allow U.S. electrolyzer production to outpace low-tech alternatives to electrolyzers, such as alkaline products that are currently mass-produced. in China.
The PPA allows AES to develop additional green hydrogen projects that take advantage of EH2's project scale, efficiency and low capital cost.
Photo and text source: Electric hydrogen
