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Big Leagues of Green Hydrogen....$600,000 per day of Federal Hydrogen Tax Credits.


May 17, 2023
By Guy Swanson

AES Corp. owns and operates power plants and is headquartered in Arlington, Virginia. It operates in the U.S., Mexico, India, Central and South America, Europe, Vietnam and Jordan. Earlier this year AES signed power purchase agreements to deliver clean energy to Amazon data centers in California.

Air Products and Chemicals is based in Allentown, Pennsylvania, and was founded in 1940. The company provides essential industrial gases, related equipment, and applications expertise to customers around the world. It had $12.7 billion in sales in Fiscal Year 2022. It employed approximately 21,900 people in more than 50 countries in Europe, Asia, the Middle East, India, as well as the U.S. and Canada, on Sept. 30, according to the company’s annual report.

The North Texas project is another of Air Products’ major investments in green hydrogen. The company announced in 2020 a $5 billion arrangement with the Saudi energy firm ACWA Power to build a complex producing about 650 tons per day of hydrogen, and is considering a similar complex in Oman. Air Products also announced plans to spend $500 million on a hydroelectric-powered project to produce 35 tons of hydrogen daily in Massena, New York.

 

 

 

 

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