Sempra Energy ( NYSE: SRE ) and Avangrid ( NYSE: AGR ) said Wednesday they entered into a non-binding heads of agreement for the potential joint development of U.S. green hydrogen and ammonia projects powered by renewable sources.
The companies said the HOA provides a framework for the identification, appraisal and potential development of large-scale green hydrogen projects to help meet the energy and decarbonization needs of U.S. and international customers.
Sempra ( SRE ), which is developing several energy transition projects in North America, said its commercial expertise across clean power, energy networks and LNG and net-zero solutions will complement Avangrid's ( AGR ) experience in renewable development as the third largest renewables operator in the U.S.
Sempra ( SRE ) has signed three contracts with European liquefied natural gas customers to supply American LNG, Yannick Frey writes in an analysis posted on Seeking Alpha .
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Sempra, Avangrid plan to develop U.S. green hydrogen, ammonia projects