GE Vernova and CIC Sign Non-Binding Agreement to Develop Green Hydrogen

By May 15, 2024 3   min read  (428 words)

May 15, 2024 |

2024 05 15 09 10 06

GE Vernova and Climate Impact Corp. (CIC) have signed a non-binding agreement to co-develop off-grid modular green hydrogen production systems, aiming to achieve a production cost of US$2/kg. This partnership underpins CIC’s US$10 billion Green Springs project in Australia’s Northern Territory.

Climate Impact Corp. (CIC) has announced a non-binding agreement with GE Vernova’s Power Conversion business (GE Vernova) to collaborate on designing highly efficient green hydrogen production modules, targeting a production price of US$2/kg. CIC will be supported by engineering firm Worley in this endeavor.

GE Vernova and CIC plan to co-develop off-grid modular green hydrogen production technology, forming the backbone of CIC’s flagship US$10 billion Green Springs project in Australia’s Northern Territory. The project is expected to deploy 2150 modules, collectively producing over 500,000 tonnes of hydrogen annually, valued at an estimated AUS$1 billion (US$666 million) per year.

Each module will operate with off-grid intermittent renewable energy, producing low carbon-intensity hydrogen without relying on the electricity grid, local water sources, or desalinated water. This design is intended to enable hydrogen production in areas with abundant solar resources but limited water availability.

CIC Chairman David Green highlighted the potential collaboration with GE Vernova as a significant step towards achieving low carbon intensity hydrogen. This modular approach could pave the way for low-cost green hydrogen production opportunities globally, particularly in water-stressed regions. “CIC are delighted to be working closely with GE Vernova, a leading expert on decarbonisation, in approaching this project”

The Green Springs project, currently in the Balance of Plant phase, is drawing significant interest, potentially opening further opportunities for deploying modular green hydrogen systems in similar climates worldwide. This could enhance generation capacity in the energy sector and support private, energy-intensive businesses.

The partnership between GE Vernova and CIC is focused on creating scalable and flexible green hydrogen production modules. This approach aims to address the current high costs of green hydrogen production, which often exceed US$5/kg due to the expensive renewable energy infrastructure and electrolysis technology. Achieving the US$2/kg target will require substantial technological advancements and cost reductions across the supply chain.

The Green Springs project in Australia’s Northern Territory is a key initiative under this partnership, aiming to produce over 500,000 tonnes of hydrogen annually from a 10 GW modular system. The project’s success will depend on the scalability and efficiency of the modular technology being developed. However, challenges related to financing, regulatory approvals, and long-term sustainability must be addressed to ensure its viability.


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