AVANGRID, Orange, Conn., a member of the Iberdrola Group, Bilbao, Spain, and Sempra Infrastructure, Houston, a subsidiary of Sempra, San Diego, on Oct. 12 announced they have entered into a nonbinding Heads of Agreement (HOA) for the potential joint development of US green hydrogen and ammonia projects powered by renewable sources.
The HOA provides a framework for the companies to identify, appraise, and potentially develop large-scale green projects to help meet the energy and decarbonization needs of both US and international customers.
The parties said AVANGRID’s deep background in renewable development as the third largest renewables operator in the US complements Sempra Infrastructure’s complex project development and commercial expertise across clean power, energy networks, and LNG and net-zero solutions.
Sempra Infrastructure said it is currently developing multiple world-class energy transition projects in North America, including LNG export projects to serve customers in both the Atlantic and Pacific Basins, as well as new opportunities in renewable energy, carbon capture, and sequestration, in addition to other pathways to produce clean hydrogen and ammonia leveraging the resources available in different regions.