Tallgrass Energy Acquires 75 Percent Membership Interest in Escalante H2 Power
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Tallgrass Energy has closed on the purchase of a 75 percent membership interest in Escalante H2 Power (EH2 Power). EH2 Power is developing a first-of-its-kind hydrogen-to-power project at Tri-State Generation and Transmission Association’s Escalante Generating Station near Prewitt, New Mexico, by converting the retired coal-fired power plant into a clean hydrogen-fired power generating facility.
“Our acquisition of a 75 percent membership interest in EH2 Power further advances our overall hydrogen development and clean energy infrastructure strategy,” said Tallgrass CEO William R. Moler.
“We believe the Escalante Station is uniquely positioned to be a proving ground for hydrogen-to-power in the U.S. We look forward to working with Tri-State, Newpoint, the local community, and stakeholders throughout New Mexico on this exciting project,” added Moler.
Tallgrass acquired its membership interest in EH2 Power from Denver-based Brooks Energy Company. The ownership of Newpoint Gas will retain a 25 percent membership interest in EH2 Power and continue to partner with Tallgrass in EH2’s development of the hydrogen conversion project at the Escalante Station.
“This marks another step forward for New Mexico’s push into a thriving clean energy future, one that builds new opportunities for communities transitioning toward new horizons,” said Gov. Michelle Lujan Grisham.
“New Mexico has what it takes to become an international hydrogen hub, furthering our decarbonization and climate efforts while creating quality jobs for New Mexicans,” added Gov. Grisham.
“The EH2 Power team has brought tremendous vision and drive to the conversion project, and the State of New Mexico’s leadership in clean hydrogen innovation is exciting for development at Escalante and across the state,” said Dwayne Phillips, vice president - Hydrogen for Tallgrass.
“We are very appreciative of the Brooks Energy team, and we look forward to working with our partners at Newpoint to build on the successes they have achieved with Brooks,” added Phillips.
“We look forward to working with the Tallgrass team on transforming Escalante into a clean hydrogen hub,” said Wiley Rhodes, CEO of Newpoint Gas.
“Building on Newpoint’s work, Tallgrass brings strong technical expertise to the project. Of equal importance, Newpoint and Tallgrass share the goal of advancing next-generation hydrogen technologies and offering critical decarbonized energy solutions through the Escalante Station,” added Rhodes.
About Tallgrass Energy
Tallgrass Energy, LP is a growth-oriented midstream energy infrastructure company operating across 11 states with transportation, storage, terminal, water, gathering and processing assets that serve some of the nation’s most prolific crude oil and natural gas basins.
To stop by Tallgrass Energy’s website, CLICK HERE
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