magnum development

Magnum, Mitsubishi Looking to Build World-Class Green Hydrogen Hub in Utah

Magnum, Mitsubishi Looking to Build World-Class Green Hydrogen Hub in Utah

Magnum Development LLC and Mitsubishi Power Americas Inc. have secured a $504 million loan guarantee from the U.S. Department of Energy (DOE) to develop what could be the world’s largest industrial green hydrogen hub in Delta, UT. The loan is DOE’s first in more than 10 years for a renewable energy project, Mitsubishi Power said.…

June 21, 2022