Home Real Estate NovoHydrogen Signs Lease for Its First WA Green Hydrogen Plant
Real Estate

NovoHydrogen Signs Lease for Its First WA Green Hydrogen Plant


NovoHydrogen, a Colorado-based startup and green hydrogen developer, has signed a lease for a three-acre site in Frederickson, Washington. The facility at 5304 184th Street E. will be the company’s first Washington plant, according to the Puget Sound Business Journal. NovoHydrogen will install a green hydrogen production system, with the plant featuring electrolyzers, compressors and storage.

In September, the company raised nearly $23.7 million from 16 investors. And in October, NovoHydrogen was selected to begin award negotiations by the U.S. Department of Energy Office of Clean Energy Demonstrations (OCED) for the development of a Pacific Northwest Hydrogen Hub, which in total is estimated to receive up to $1 billion in bipartisan infrastructure law funding. OCED funding will support NovoHydrogen’s participation in the Hydrogen Hub through the advancement of planning, detailed design, environmental permitting, and procurement of long-lead equipment.



Source link

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Real Estate

Memphis Dermon Building Converting to 150-Room Hotel

The Dermon Building in Memphis was built 99 years ago, designed as...

Real Estate

Developer Duo Secures $120M Refi for Charleston Harbor Rental Community

Woodfield Investments and Argosy Real Estate Partners have secured $120 million to...

Real Estate

Bonita Springs Site for 252-Unit Apartment Community

Madison Communities and Heitman have closed a $44 million construction loan for...

Real Estate

$21.5M Loan for Tacoma Apartments Secured by Berkadia

Berkadia has secured financing for the acquisition of The Duo Apartments, a...