ACES Project
other on 1 show · 5 statements across 1 episodes
5 statements about ACES Project, every show
Shah: ACES secured investment-grade rating, unlike most single-B DOE LPO projects
“This project is really well structured. It was rated at investment grade for the loan, so it's actually really well structured. Many of our projects are triple C or single B in terms of its shadow credit rating”
Shah: ACES electrolyzers will initially pull grid power matched by RECs
“So for the first iteration they're just getting connected to the grid, and there's going to be a network of contracts and racks to make sure that it's a hundred percent clean energy.”
Shah: ACES is the first commercial hydrogen storage salt dome
“Yeah, so, I mean, I don't think there's ever been a salt dome repurposed for hydrogen in this way and so there's certainly been test facilities that have been built in the past, but to our knowledge, there's never been a commercial hydrogen storage salt dome, …”
Shah: DOE is underwriting ACES hydrogen loan solely to power offtake
“That's exactly right. We're underwriting to the power, and, you know, and the renewed generation facility will be owned by Intermountain Power Agency and so, so that, so, so that is what we're underwriting to.”