• Oli Capital

Woodside Pushes Hydrogen Portfolio to U.S., Draws MoU With Hyzon

Updated: Dec 8, 2021



Australian energy producer Woodside secured a lease and option to purchase 38 hectares of vacant land in Ardmore, Oklahoma to underpin future development of its proposed modular hydrogen facility.

Subject to approvals and customer demand, the H2OK concept involves construction of an initial 290-megawatt facility, which will use electrolysis to produce up to 90 tons per day of liquid hydrogen for the heavy transport sector

The location offers the capacity for expansion up to 550 MW and 180 tpd

Woodside has completed preliminary design of the modular, scalable production facility and is evaluating tenders to enable commencement of front-end engineering design before the end of this year

The project is targeting a final investment decision in the second half of 2022, and first liquid hydrogen production in 2025

Co. says it is also progressing similar land acquisition opportunities in the U.S. and notes significant potential for growth in the U.S. hydrogen market

Woodside is also entering an MOU with Hyzon Motors, a New York-based supplier of zero-emissions hydrogen fuel cell-powered commercial and heavy transport vehicles

Both companies intend to explore opportunities to work together on demand stimulation, supply and infrastructure solutions

Woodside intends for H2OK to be a net-zero project, with power set to be sourced from Oklahoma’s existing network, a large portion of which is wind-powered

Renewable Energy Certificates will be used to abate any remaining emissions


Reference:

https://files.woodside/docs/default-source/media-releases/woodside-expands-hydrogen-portfolio-to-the-united-states.pdf?sfvrsn=88b0adfc_3#:~:text=Woodside%20has%20secured%20a%20lease,of%20its%20proposed%20H2OK%20project.&text=%E2%80%9CWith%20H2OK%20we%20will%20be,deliver%20large%2Dscale%20hydrogen%20production.

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