Loan guarantee from Loan Program Office for Advanced Clean Energy Storage

Source: International Energy Agency
Last updated: 05 September 2025
USD 504.4 million for the ACES project in Utah. The project will combine a 220-MW electrolyzer with two 4.5 million barrel salt caverns to store hydrogen and use it as fuel for the Intermountain Power Agency (IPA) renewed project which will use CCGTs able to fire 100% hydrogen by 2045

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