Sempra Infrastructure and AVANGRID announced plans to develop US green hydrogen and ammonia projects.
AVANGRID, a member of the Iberdrola Group (NYSE: AGR), and Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), announce that they have entered into a head of agreement (HOA) for the potential joint development of US green hydrogen and ammonia projects powered by renewable sources.
The HOA provides a framework for companies to identify, identify, and potentially develop large-scale green hydrogen projects to help meet the energy and decarbonization needs of US and international customers.
Peter ZagraCEO of AVANGRID, said:
The US faces unprecedented challenges and opportunities to develop competitive solutions that meet growing energy needs, while also seeking to transition to a cleaner and more sustainable energy future.
“AVANGRID is very proud to innovate and develop green hydrogen and ammonia projects in collaboration with Sempra Infrastructure, which are essential to decarbonize the industry and help the country achieve the ambitious clean goals of energy.”
Justin BirdCEO of Sempra Infrastructure, said:
Clean hydrogen and ammonia can be effective decarbonization solutions for various sectors of the US and global markets.
“We are excited to work with AVANGRID to develop large-scale green hydrogen and ammonia projects to advance the role of hydrogen in the global energy transition.”
“Key infrastructure is needed for hydrogen’s potential to become a reality and Sempra Infrastructure’s integrated platform is well positioned to support the deployment of new energy solutions.”
AVANGRID’s deep background in renewable development as the third largest renewables operator in the US, supports Sempra Infrastructure’s complex project development and commercial expertise in clean electricity, energy networks and LNG and net-zero solutions.
Sempra Infrastructure is currently developing several world-class energy transition projects in North America, including LNG export projects to serve customers in the Atlantic and Pacific Basins, as well as new opportunities. in renewable energy, carbon capture and sequestration, as well as other pathways. to produce clean hydrogen and ammonia using resources available in different regions.
The intended HOA is not burdensome, and the development of these joint projects is subject to a number of risks and uncertainties, including reaching definitive agreements, securing all necessary permits, and reaching a final investment decision with respect to each project.
About Sempra Infrastructure
Sempra Infrastructure delivers energy for a better world. Through the combined strength of its North American assets, the company is dedicated to enabling the energy transition and beyond.
With a continuous focus on sustainability, innovation, world-class safety, championing people, sustainable operations and social responsibility, its more than 2,000 employees develop, build and operate clean power, energy networks and LNG and net-zero solutions, which are expected to play an important role in the energy systems of the future.
For more information about Sempra Infrastructure, please visit www.SempraInfrastructure.com and Twitter.
About AVANGRID
AVANGRID, Inc. (NYSE: AGR) aims to become the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $40 billion in assets and operations in 24 US states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables.
Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities throughout the United States.
AVANGRID employs more than 7,000 people and was recognized by JUST Capital in 2021 and 2022 as one of the JUST 100 companies – a ranking of the best corporate citizens in America. In 2022, AVANGRID ranks second within the utility sector for its commitment to the environment and the communities it serves.
The company supports the UN’s Sustainable Development Goals and was named the World’s Most Ethical Companies in 2022 for the fourth consecutive year by the Ethisphere Institute. AVANGRID is a member of the group of companies controlled by Iberdrola, SA For more information, visit www.avangrid.com.
Sempra Infrastructure and AVANGRID Announce Plans to Develop US Green Hydrogen and Ammonia Projects, HOUSTON, October 12, 2022