ARKANSAS, Oct 28 (Future Headlines)- Copenhagen Infrastructure Partners (CIP), leveraging its Energy Transition Fund I (CI ETF I), the world’s most extensive dedicated clean hydrogen fund, is solidifying its collaboration with Tenaska to accelerate the development of large-scale green hydrogen initiatives in the United States.
Under the terms of the agreement, Tenaska and CIP will jointly spearhead the development of brand-new gigawatt-scale green hydrogen projects. These projects are envisioned to cater to the mounting local and global demand for green hydrogen, ammonia, methanol, sustainable aviation fuel, and other clean fuels in strategic US hydrogen markets.
This pact will play a pivotal role in advancing the goals outlined in the US Department of Energy’s National Clean Hydrogen Strategy and Roadmap. These goals aspire to achieve an annual production of 10 million metric tonnes (MMT) of clean hydrogen by 2030, escalating to 20 MMT annually by 2040, and an ambitious 50 MMT annually by 2050.
Green hydrogen and Power-to-X technologies are pivotal in propelling the next major leap in decarbonization efforts. CIP’s CI ETF I, under skillful management by CIP, holds a unique position to make substantial investments in this sector. Collaborating with Tenaska, a robust partner with a substantial track record in energy management and project development, will significantly bolster CI ETF I’s capabilities in green hydrogen and renewable energy development across the US. This partnership will be a valuable addition to their already robust global portfolio of Power-to-X projects.
Søren Toftgaard, a Partner at CIP, expressed the significance of this collaboration and the vast potential it holds for green energy projects in the United States.
Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) has ascended to the pinnacle of the global energy investment landscape. It is now the world’s most extensive fund manager focused on greenfield renewable energy investments. CIP has earned its place as a global leader in offshore wind projects. The funds under CIP’s stewardship are dedicated to investments in a broad spectrum of renewable energy sources, spanning offshore and onshore wind, solar PV, biomass, energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X technologies.
Notably, CIP administers 11 funds and has successfully raised approximately €25 billion in investments for energy and related infrastructure. Their extensive funding base comprises over 150 international institutional investors, showcasing their global leadership in the renewable energy and clean hydrogen sectors.
In summation, the collaboration between Copenhagen Infrastructure Partners and Tenaska marks a significant milestone in the advancement of green hydrogen and clean energy projects in the United States. With ambitious targets in line with the US Department of Energy’s hydrogen strategy, this partnership not only exemplifies a commitment to a sustainable energy future but also leverages the expertise and investment capacity of two industry leaders. As green hydrogen continues to gain prominence, such strategic collaborations are vital for achieving decarbonization goals and powering the energy transition.
Writing by Sarah White