Tallgrass Energy acquires 75% interest in Escalante H2 Power
The acquisition will support the company overall hydrogen development and clean energy infrastructure strategy.
Tallgrass Energy LP (an energy and infrastructure company) has acquired a 75% membership interest in Escalante H2 Power (EH2 Power) from Denver-based Brooks Energy Company.
EH2 Power is building a hydrogen-to-power project at Tri-State Generation and Transmission Association Inc.’s Escalante Generating Station near Prewitt, New Mexico, US, by converting the retired coal-fired power plant into a clean hydrogen-fired power generating facility.
William R. Moler, CEO of Tallgrass, said, “We believe the Escalante Station is uniquely positioned to be a proving ground for hydrogen-to-power in the US.”
Newpoint Gas LLC will retain its 25% membership interest in EH2 Power and continue to partner with Tallgrass in EH2’s development of the hydrogen conversion project at the Escalante Station.
Gov. Michelle Lujan Grisham, said, “New Mexico has what it takes to become an international hydrogen hub, furthering our decarbonisation and climate efforts while creating quality jobs for New Mexicans.”
Dwayne Phillips, VP of Hydrogen for Tallgrass, said, “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.”
Wiley Rhodes, CEO of Newpoint Gas LLC, said, “Newpoint and Tallgrass share the goal of advancing next-generation hydrogen technologies and offering critical decarbonised energy solutions through the Escalante Station.”