As part of the agreement, Tenaska and CIP will develop greenfield gigawatt-scale green hydrogen projects, with the intent of serving local and global demand for green hydrogen, ammonia, methanol, sustainable aviation fuel and other clean fuels in key US hydrogen markets.
The agreement will support the targets of the US Department of Energy’s National Clean Hydrogen Strategy and Roadmap of reaching a production of 10 million metric tonnes (MMT) of clean hydrogen annually by 2030, 20 MMT annually by 2040, and 50 MMT annually by 2050.
Green hydrogen and Power-to-X will be key to take the next big leap within decarbonization, and CI ETF I, as managed by CIP, is uniquely positioned to invest in this segment. Working with Tenaska, a strong counterparty with significant experience within energy management and project development, will significantly ramp up CI ETF I’s green hydrogen and renewable development capabilities in the US and will add to our strong global portfolio of Power-to-X projects.
—Partner at CIP, Søren Toftgaard
Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) today is the world’s largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind. The funds managed by CIP focuses on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X.
CIP manages 11 funds and has to date raised approximately €25 billion for investments in energy and associated infrastructure from more than 150 international institutional investors.
