Port of Corpus Christi, Ares Management sign memorandum of understanding for green hydrogen production, renewable energy generation
The Port of Corpus Christi Authority has entered into a Memorandum of Understanding (MOU) with funds managed by the Infrastructure and Power strategy of Ares Management Corporation with the intention of developing renewable energy infrastructure on Port-owned property to support the production of green hydrogen and optionally to provide renewable power directly to the port and its customers.
The MOU outlines preliminary provisions for a renewable energy and clean fuel hub that will consist of solar facilities, battery storage facilities and electrolyzer facilities to be located on Port-owned property. The first set of facilities will be made up of an up to ~210MW solar project and an up to 840MWh battery storage facility, which will be capable of powering an electrolyzer facility to produce ~9,000 MT of green hydrogen per year, with the possibility of expanding the facilities over time, including the possibility of providing renewable power directly to the port’s operations.
The nonbinding MOU defines a range of possibilities for the ownership and operation of the infrastructure assets. Development activities will commence immediately, with construction and operations of the different facilities expected over the next several years.
As a leader in US crude oil export ports and a major economic engine of Texas and the nation, Port Corpus Christi is the largest port in the United States in total revenue tonnage. Strategically located on the western Gulf of Mexico with a 36-mile, soon to be 54-foot (MLLW) deep channel, Port Corpus Christi is a major gateway to international and domestic maritime commerce. The Port has excellent railroad and highway network connectivity via three North American Class-1 railroads and two major interstate highways.