The production plant to be based on port property would give the option of renewable power directly to the port and its customers.
The MoU outlines preliminary provisions to create a renewable energy and clean fuel hub that will be comprised of solar facilities, battery storage facilities and electrolyser facilities on Port-owned property.
The first set of facilities will be made up of an up to 210MW solar project and an up to 840MWh battery storage facility, which will be capable of powering an electrolyser facility to produce 9,000 tonnes of green hydrogen per year, with the possibility of expanding the facilities over time, including for the optionality of providing renewable power directly to the port’s operations.
“As the Energy Port of the Americas, we are working to find new ways to operationalise our commitment to decarbonisation. This project not only brings a new type of economic activity to our gateway, but it will directly meet the needs of our current customers, many of whom use hydrogen in their production processes, ” said Sean Strawbridge, CEO of the Port of Corpus Christi.
The nonbinding MoU defines a range of possibilities for the ownership and operation of the infrastructure assets.
Development activities will commence immediately, with construction and operations of the different facilities expected over the next several years.
“We are excited to partner with the Port on its energy transition journey and deploy our value-add capabilities in development, ownership and operations through our climate infrastructure investment strategy,” said Keith Derman, Partner and Co-Head of Ares Infrastructure and Power.
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