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Leveraging the Company’s Salt Project & Hydrogen storage technology, Vortex intends to develop salt caverns to store hydrogen for use/transport globally.
The Advanced Clean Energy Storage project in Utah is aiming to be the world’s largest energy storage facility for 1,000 megawatts of clean power but utilizing hydrogen in salt caverns.
Source: CNBC Powering the Future 2020
Advanced Clean Energy Storage project will provide 150,000 MWh of renewable power storage capacity, nearly 150 times the current US installed lithium-ion battery storage base.
Source: CNBC Powering the Future 2020
By 2050, the US demand for hydrogen could jump to 41 million metric tons per year, up from 10 million today.
Source: U.S. Department of Energy’s National Renewable Energy Laboratory
The Hydrogen industry will generate $4 trillion if revenue from products such as fuel cell vehicles are counted – with the total market potential reaching $11 trillion by 2050.
Source: Bank of America
