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Tallgrass Takes Majority Stake in Hydrogen-to-Power Project (M&A)
Tallgrass Energy, H2 Power
Date: 2021-08-11
Laewood, Kansas-based Tallgrass Energy LP is reported to have taken a 75 pct majority stake in Escalante H2 Power -- a first-of-its-kind hydrogen-to-power project at a retired 253-MW coal-fired power plant near Prewitt, New Mexico. Texas-based fuel processing, conversion and purification company Newpoint Gas will retain a 25 pct stake in the partnership, which licensed its zero-emission technology that converts natural gas into hydrogen for the project.

The project, which is expected to cost $250 million, includes construction of a net-zero emissions hydrogen purification plant that will produce commercial-scale fresh water,and an underground carbon dioxide sequestration facility. (Source: H2 Power, PR, Aug., 2021) Contact: Tallgrass Energy LP, William Moler, CEO, (913) 928-6060 www.tallgrassenergy.com; H2 Power LLC, www.linkedin.com › company › h2powerllc

More Low-Carbon Energy News Tallgrass Energy,  H2 Power,  Hydrogen,  


Coal-Fired Power Plant May Be Converted to Hydrogen (Ind. Report)
Newpoint Gas
Date: 2021-04-21
Oklahoma City-headquartered Newpoint Gas LLC reports it has partnered with Plymouth, Conn.-based Brooks Energy Company to form Escalante H2 Power. The partners also announced a letter of intent to purchase Westminster, Colorado-headquartered wholesale power provider TriState Generation's shuttered 40-year old coal-fired Escalante Power Plant in New Mexico and convert it into a hydrogen facility at an expected cost of roughly $250 million.

This project comes after Newpoint's 2019 announcement it was working to develop a technology that would separate hydrogen, water and carbon from natural gas. If successful, the project will be the first of its kind and pave the way for future hydrogen infrastructure, according to Newpoint. The project will also have carbon capture and storage (CCS) capability.

According to the company website, "Newpoint has taken unprecedented action to develop and integrate processes to produce clean water, electricity and a hydrogen energy source from zero-emissions natural gas technologies. Newpoint's process converts methane and other gaseous hydrocarbons into blue hydrogen. The carbon dioxide produced in the process is sequestered and/or used in manufacturing." (Source: Newpoint Companies, PR, Apr., 2021) Contact: Newpoint Companies, Wiley Rhodes, CEO , info@newpoint.us.com, www.newpointgas.com; Brooks Energy Company, Robert Price, CEO, 860-585-1515, www.brooksenergycompany.com; Escalante H2 Power, www.linkedin.com/pulse/escalante-h2-power-mark-schott; TriState Generation, Duane Highley, CEO, 303-452-6111, www.tristategt.org

More Low-Carbon Energy News Newpoint Gas,  Hydrogen,  Escalante ,  TriState,  

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