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[Mitsubishi Power]
Chevron Agrees on Framework to Join Hydrogen Joint Venture with Magnum Development and Mitsubishi Power
Chevron Agrees on Framework to Join Hydrogen Joint Venture with Magnum Development and Mitsubishi Power
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SAN RAMON, Calif. / LAKE MARY, Fla. / HOLLADAY, Utah (September 9, 2021) – Chevron U.S.A. Inc., through its Chevron New Energies division, announced it has agreed on a framework to acquire an equity interest in ACES Delta, LLC (ACES Delta), which is a joint venture between Mitsubishi Power Americas Inc. (Mitsubishi Power) and Magnum Development, LLC (Magnum) that owns the Advanced Clean Energy Storage project. This project will produce, store and transport green hydrogen at utility scale for power generation, transportation and industrial applications in the western United States.
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Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.