100% Green Hydrogen - Duke Energy Plans New End-to-End System In Florida
Portfolio Pulse from Shivani Kumaresan
Duke Energy Corp (DUK) and General Electric Co's (GE) business GE Vernova are collaborating to build a project in Florida that will produce, store and combust 100% green hydrogen. The system will use the existing 74.5-megawatt DeBary solar plant to provide clean energy for two 1-MW electrolyzer units. The project, which is the first combustion turbine in the U.S. to run on a high percentage of hydrogen, is expected to be fully operational in 2024.
October 27, 2023 | 7:08 pm
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POSITIVE IMPACT
Duke Energy is partnering with GE's GE Vernova to build a green hydrogen system in Florida. The project is expected to be operational in 2024.
The partnership with GE and the move towards green hydrogen production could potentially boost Duke Energy's reputation and market position in the renewable energy sector. However, the project's impact on the company's stock price may not be immediate as it is expected to be operational in 2024.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
GE's business GE Vernova is collaborating with Duke Energy to build a green hydrogen system in Florida. The project is expected to be operational in 2024.
The partnership with Duke Energy and the involvement in the green hydrogen project could potentially enhance GE's position in the renewable energy market. However, the project's impact on the company's stock price may not be immediate as it is expected to be operational in 2024.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80