GE Vernova & CIC to Develop Renewable Hydrogen Production

Climate Impact Corporation (CIC) today announced a non-binding agreement with GE Vernova’s Power Conversion business (GE Vernova) to lay out their intentions to collaborate on a design for the possible future deployment of highly efficient green hydrogen production modules, with the objective of achieving a $2 per kg (€1.86 per kg) production price for green hydrogen. CIC will be assisted by engineering professional services firm, Worley.

GE Vernova and CIC intend to co-develop an off-grid modular green hydrogen production technology which could form the building blocks of CIC’s flagship $10 billion (€9.28 billion) Green Springs – a 10GW green hydrogen production project in Australia’s Northern Territory. CIC’s Green Springs project is expected to deploy an expected 2,150 modules which in aggregate will produce more than 500,000 tonnes of hydrogen annually when fully operational, worth an estimated $0.7 billion per year.

Each module comprises all the equipment and systems designed specifically for operation with off-grid intermittent renewable energy to produce low carbon-intensity hydrogen without connection to the electricity grid, town services or use of local water sources or desalinated water.

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