Duke Energy announced it soon will break ground in DeBary, Fla., on the first demonstration project in the United States to successfully create clean energy using an end-to-end system to produce, store and combust 100% green hydrogen. The system is the result of collaboration between Duke Energy, Sargent and Lundy, and GE Vernova and will be located at Duke Energy Florida’s DeBary plant in Volusia County, Fla. The company said, “This one-of-its-kind, end-to-end system will begin with the existing 74.5-megawatt DeBary solar plant providing clean energy for two 1-MW electrolyzer units that will separate water molecules into oxygen and hydrogen atoms. The resulting oxygen will be released into the atmosphere, while the green hydrogen will be delivered to nearby, reinforced containers for safe storage. During times when energy demand is highest, the system will deliver the stored green hydrogen to a combustion turbine that will be upgraded using GE Vernova technology to run on a natural gas/hydrogen blend or up to 100% hydrogen. This will be the nation’s first CT in operation running on such a high percentage of hydrogen.”
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on DUK:
- Duke Energy completes sale of utility-scale Commercial Renewables business to Brookfield
- Duke Energy announces dividend payments to shareholders
- Duke Energy price target lowered to $95 from $97 at Barclays
- Duke Energy price target raised to $95 from $90 at Evercore ISI
- Duke Energy price target lowered to $93 from $102 at Guggenheim
