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Gevo Finalizes Renewable Hydrogen Development Services Agreement with Zero6 Energy, Selects Cummins as Technology Partner
ENGLEWOOD, Colo., Feb. 27, 2023 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) announced today that they have finalized a Hydrogen Development Services
About this update from Gevo, Inc.
[{"type":"text","content":"ENGLEWOOD, Colo., Feb. 27, 2023 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) announced today that they have finalized a Hydrogen Development Services Agreement with Zero6 Energy (formerly Juhl Energy) for the development of a 20-megawatt hydrogen production facility in Lake Preston, South Dakota, using Cummins Inc. (NYSE: CMI) electrolyzer technology. The facility, known as the Dakota Renewable Hydrogen Project (DRH), will be an integral part of Gevo’s Net-Zero 1 renewable hydrocarbon plant (NZ1) that is under development. “We are excited to again be working with the Zero6 team on the development of a project that is crucial to the decarbonization of Gevo’s liquid transportation fuels and our long-term goal of developing net-zero emissions fuel and chemical products,” said Gevo’s President & COO, Dr. Chris Ryan. “After our mutual success on the development of wind power for the defossilized electrification of our development facility in Luverne, Minnesota, we are confident that Zero6 will be an excellent partner for our Net-Zero 1 hydrocarbon production facility.” “This project is a great fit for the Zero6 team, and we are excited to highlight our capabilities as NZ1 comes online,” added Clay Norrbom, President of Zero6 Energy. “In addition to the utilization of the proven Cummins electrolyzer technology to produce green hydrogen, a portion of our electricity needs will be supplied by the Kingsbury County Wind Fuel wind farm. Gevo’s decarbonization efforts truly are the sum of many important initiatives.” Cummins will supply the project with an electrolyzer system comprised of four HyLYZER®-1000 proton exchange membrane (PEM) electrolyzers to produce hydrogen. Cummins’ HyLYZER®-1000 product is currently in operation at a similar facility in Becancour, Quebec, Canada. An electrolyzer splits water into oxygen and hydrogen. When powered by renewable electricity, the hydrogen produced is green and carbon free. This green hydrogen can be stored as a compressed gas or a liquid and used as an energy-dense, clean power source. “This project builds on Cummins’ hydrogen technology innovation and demonstrates the maturity and scalability of our products to meet customer needs. We are proud to partner with Gevo and Zero6 to provide zero-emission power to critical applications,” said Alex Savelli, Managing Director Electrolyzers – Americas ...