HOUSTON -- Mitsubishi Heavy Industries and Chevron are preparing to make hydrogen in the U.S. using renewable energy, with commercial power generation using the fuel scheduled to start in mid-2025.
ACES Delta, a joint venture involving the two companies, will produce and store the gas at facilities in the state of Utah. Chevron is the largest shareholder, with Singapore sovereign wealth fund GIC and a major Canadian pension fund among the other investors.
