With a planned capacity of more than 1 GW, the factory’s output of electrolyzer stacks will enable an annual greenhouse gas emission avoidance of up to 2 million tonnes CO₂e – the equivalent of avoiding the emissions from more than 400,000 gasoline-powered passenger vehicles driven for a year.
Subject to Final Investment Decision, this more than $400-million investment is expected to create at least 150 direct jobs in Virginia and more than 1,000 indirect jobs through the value chain.
The decision by Topsoe to announce its plan for its largest investment in the US to date comes after the company received an allocation for nearly $136 million in federal Section 48C tax credits from the Inflation Reduction Act.
Roeland Baan, CEO of Topsoe, said: “We are thrilled to announce our plans for a new state-of the art US facility that will manufacture Solid Oxide Electrolyzer Cell stacks (SOEC), the key element to the world’s most efficient electrolyzer technology for producing clean hydrogen. Through legislation like the Inflation Reduction Act and strong support from individual states such as Virginia, the US government is helping to accelerate the clean energy transition. With our strong dedication to innovation, we will help the US achieve its goals of driving down the cost of clean hydrogen and delivering clean energy jobs.”
Kim Hedegaard, CEO at Power-to-X at Topsoe, added: “We at Topsoe believe in a sustainable future created by science. With this new facility, we will help drive down the cost of clean hydrogen by employing our innovative SOEC technology which is up to 30% more efficient than competing technologies. Our factory will ensure the economic and environmental aspects of the hydrogen economy are felt in the decades to come.”
