The MoU formalizes a collaboration between the two companies to identify, evaluate, and develop favourable locations to power Hy2gen’s renewable hydrogen and e-fuel production from gigawatt-scale offshore wind energy that OCE develops in the US and worldwide.
The partners have formed a ten-month working group to identify and mature high-capacity offshore wind energy areas where project development may be held back by constrained grid transmission, low electricity demand, or other factors.
“Where green hydrogen production can be built near the point of interconnect from offshore wind energy generation, we have the potential to create predictable and lasting demand for the energy,” said David White, president of Hy2gen USA.
“This makes the need for new grid transmission less urgent and the need for infrastructure investment less substantial, while accelerating wind energy project execution.”
The research is part of Hy2gen’s strategy embracing the clean hydrogen regulatory framework established by the 2022 Inflation Reduction Act and subsequent guidelines anticipated from the US Department of Treasury, said the company.
In November 2023, the company also joined forces with Deep Wind Offshore to produce green hydrogen using offshore wind power. This collaboration aims to advance sustainable energy by leveraging offshore wind resources for clean hydrogen production.
