26-03-2024

Schneider Electric and Hy Stor Energy sign MOU to develop Mississippi cean hydrogen hub

Schneider Electric, the leader in the digital transformation of energy management and automation, and Hy Stor Energy, a company pioneering carbon-free renewable hydrogen production and long-duration storage at scale, today announced they have signed a memorandum of understanding (MOU) to support the development of Hy Stor Energy’s Mississippi Clean Hydrogen Hub (MCHH) and its broader U.S. development platform. In this partnership, Schneider Electric and Hy Stor Energy are solving large-scale energy and sustainability challenges that are required to transition to a renewable and fossil-free energy system.

Under the terms of the MOU, Schneider Electric will provide Hy Stor Energy with automation and safety solutions, AVEVA process operation and AI optimization software, weather analysis, predictive operations, and digital energy management solutions, as well as commissioning, operational analytical tools, and support for those offers. This project will advance Hy Stor Energy’s vision for the MCHH to be the first-of-its-kind in the world, providing reliable zero-carbon hydrogen to customers across a variety of industries. This new collaboration will offer Hy Stor Energy’s customers secure, reliable, and affordable green hydrogen with no carbon footprint or methane emissions.

“From inception to construction, employee training to operational optimisation, partnering with Schneider Electric offers innovation to enhance the efficiency, safety, and reliability throughout the entirety of Hy Stor Energy’s renewable hydrogen and long duration storage platform,” said Laura Luce, CEO and Founder of Hy Stor Energy. “Innovating both the physical and digital operation of renewable and storage assets is a critical part of the energy transition. We’re grateful to have a digital partner that understands the importance of deploying climate-aligned renewable hydrogen solutions and look forward to deploying first-of-its-kind, 100% renewable, fossil-free energy that’s dispatchable to our customers 24/7.”

Hy Stor Energy and Schneider Electric share common values in advancing sustainability in the new energy landscape by exploring intuitive solutions to address today’s energy challenges. In this agreement, Schneider Electric will be the main automation and electrical contractor, and partner for digital energy management and automation solutions for Hy Stor Energy’s operations. This solution is designed to deliver 100% carbon-free energy, providing customers with safe and reliable renewable energy on-demand.

“We are excited to partner with Hy Stor Energy, leveraging the strengths and innovation of both companies to advance green hydrogen development in Mississippi and beyond,” said Heather Cykoski, Senior Vice President, Industrial & Process Automation North America, Schneider Electric. “Projects like the Mississippi Clean Hydrogen Hub will help usher in the transition from fossil fuels to more sustainable forms of energy. Our collaboration will help Hy Stor Energy optimize their facility, from engineering and operation through energy management and storage.”

Through its renewable hydrogen and long-duration energy storage platform, Hy Stor Energy develops complete ecosystem solutions for the production, storage, and delivery of dispatchable renewable energy. Hy Stor Energy’s platform, with Schneider Electric’s digital energy management, electrical components, and automation solutions, are advancing a new era of hydrogen innovation that will expedite the transition to a zero-carbon future.