Massive 60 GW Hydrogen Project Headed for Texas?

Saudi Arabia signs contracts for 1.0 gigawatt of solar; Australia mining giant Fortescue begins work with Plug Power on a 2.0 GW green hydrogen electrolyzer facility in Queensland; Green Hydrogen International announces plans for 60 GW green hydrogen hub in Texas; Equinor and BP to invest between $200 and $250 million in regional offshore wind hub in South Brooklyn's Marine Terminal; Massachusetts Legislature passes H.4515, bumping the state's offshore wind targets from 4,000 to 5,600 MW; Pacific Gas and Electric and GM will collaborate this year on a pilot project using multiple EVs as backup generation resources; VW's board OKs $2 billion German EV plant to manufacturing flagship Trinity model; Xcel Energy considers becoming the operator of 462 MW Nuscale small modular reactor being developed at Idaho National Laboratory in Idaho Falls for late 2020s commissioning.

1) Saudi Arabia inks two solar deals totaling 1.0 gigawatt and costing $663 million. Saudi target is 15 GW of solar over the next two years.

2) Australia mining company Fortescue breaks ground on an $83 mn 2GW green hydrogen electrolyzer facility in Queensland in partnership w/Plug Power.

3) US developer Green Hydrogen International announces huge green hydrogen hub in Texas w/60 GW of solar and wind energy and annual H2 production at estimated 2.5 billion kg.

4) Equinor and BP have will invest $200 to $250 million in a major regional offshore wind hub at South Brooklyn's Marine Terminal just outside New York City. Equinor has a goal of 12 to 16 gigawatts of East Coast Offshore Wind by 2030.

5) Massachusetts Legislature passes H.4515, Act Advancing Offshore Wind and Clean Energy, pushing the state's offshore wind targets from 4,000 to 5,600 MW while promoting grid modernization activities and energy storage.

6) Pacific Gas and Electric and GM to join forces in a pilot project to deploy EVs as a backup generation, starting in the lab and eventually moving to homes.

7) VW's board green-lights new $2 billion EV plant in Germany to manufacture flagship Trinity model, the first EV built on new SSP electric platform. Cars are expected to roll off the line by 2026.

8) Xcel Energy considers becoming the operator of the 462 MW small modular reactor being developed at Idaho National Laboratory, signing term sheet agreement w/project developer Utah Associated Municipal Power Systems.