The port on Tuesday announced it has entered into a nonbinding Memorandum of Understanding with Ares Management Corp. to develop renewable energy infrastructure on port-owned property.
It's there that officials for the nation's third-largest port based on tonnage plan to eventually produce green hydrogen and provide renewable power for its customers and its own use.
“As the Energy Port of the Americas, we are working to find new ways to operationalize our commitment to decarbonization," port CEO Sean Strawbridge said in a statement. "This project not only brings a new type of economic activity to our gateway, but it will directly meet the needs of our current customers, many of whom use hydrogen in their production processes."
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