Copenhagen Infrastructure Partners (CIP) and Tenaska, a company with business operations across the energy value chain, have strengthened their partnership with a plan to ramp up development of gigawatt-scale green-hydrogen projects in the United States.
The greenfield projects aim to serve local and global demand for green hydrogen, ammonia, methanol, sustainable aviation fuel and other clean fuels in key U.S. hydrogen markets.
CIP said the agreement will support the targets of the U.S. Department of Energy’s National Clean Hydrogen Strategy and Roadmap of reaching a production of 10 million metric tonnes (MMT) of clean hydrogen annually by 2030, 20 MMT annually by 2040 and 50 MMT annually by 2050.
CIP is making the investment through its Energy Transition Fund I (CI ETF I), the largest dedicated clean hydrogen fund globally. The vehicle was oversubscribed and closed at the hard cap of €3 billion ($3.2 billion) in August 2022. CIP manages 11 funds and has r