GTLS - Chart Industries chosen for largest U.S. green hydrogen long-duration energy storage system

2023-06-26 08:25:50 ET

Chart Industries ( NYSE: GTLS ) said Monday that Energy Vault Holdings ( NYSE: NRGV ) selected the company to supply an integrated liquid hydrogen storage and fuel delivery system for a green hydrogen long-duration energy storage system used in conjunction with a utility-scale battery to provide back-up power to the city of Calistoga, California.

Upon completion, the project is expected to be the first-of-its-kind and the largest utility-scale green hydrogen project in the U.S., Chart ( GTLS ) said.

"Chart has deep expertise in advanced solutions to store liquid hydrogen and their technology is an ideal fit for the hybrid green hydrogen energy storage system we are building for PG&E in Calistoga," Energy Vault ( NRGV ) said.

Construction is expected to begin in Q4 2023 with commercial operation anticipated by the end of Q2 2024; financial terms were not disclosed.

More on Chart Industries:

• Financial and valuation comparison to sector peers
• Analysis: Chart Industries: Mr. Market Needs Constant Reassurance
• Stock price return: Up 30% YTD, down 1% in the past 12 months

For further details see: