AVANGRID and Sempra Infrastructure have entered into a heads of agreement (HOA) for the potential joint development of U.S. green hydrogen and ammonia projects powered by renewable sources. The HOA provides a framework for the companies to identify, appraise, and potentially develop large-scale green hydrogen projects to help meet the energy and decarbonization needs of both U.S. and international customers.
AVANGRID’s deep background in renewable development complements Sempra Infrastructure’s complex project development and commercial expertise across clean power, energy networks and LNG and net-zero solutions.
Sempra Infrastructure is currently developing multiple world-class energy transition projects in North America, as well as new opportunities in renewable energy, carbon capture and sequestration, as well as other pathways to produce clean hydrogen and ammonia leveraging the resources available in different regions.
The referenced HOA is non-binding, and the development of these joint projects is subject to a number of risks and uncertainties, including reaching definitive agreements, securing all necessary permits, and reaching a final investment decision with respect to each project.