Benzinga | Nov 1, 2021 08:27AM EDT

DT Midstream, Mitsubishi Power Americas Report Strategic Joint Development Deal To Advance Clean Hydrogen Energy Development Projects In US

* Creating interstate and intrastate pipeline capability for national billion-dollar hydrogen "hub and spoke" system

* Leveraging Hydaptive(tm) package to develop hydrogen supply, transport and storage solutions

* Enabling low carbon transition solutions for utility, transportation and industrial customers

DETROIT & LAKE MARY, Fla.--(BUSINESS WIRE)-- DT Midstream, Inc. (NYSE:DTM), a premier natural gas pipeline and storage provider, and Mitsubishi Power Americas, Inc., a provider of power generation and energy storage solutions, have entered into a strategic joint development agreement (JDA) to advance clean hydrogen energy development projects across the United States. The partners will identify, develop and deploy projects that integrate Mitsubishi Power's power generation and hydrogen technologies with DT Midstream's energy infrastructure development and operational expertise to decarbonize utility, transportation and industrial sectors.

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The JDA focuses on production, storage, transportation and use of hydrogen and other commodities. Opportunities include offering hydrogen in liquefied or compressed form for multiple applications such as power generation and transport, as well as steelmaking, refining and fertilizer manufacturing.

The collaboration will employ Mitsubishi Power's Hydaptive(tm) hydrogen package, which integrates renewable power, gas turbines, hydrogen and other energy storage technologies. DT Midstream will provide gas delivery experience and will leverage assets such as interstate and intrastate pipelines, gathering systems and storage systems. DT Midstream has approximately 1,200 miles of transportation pipelines and more than 1,000 miles of gathering lines linking supply to major demand markets.

"Our goal with DT Midstream is to make clean, affordable hydrogen widely available for power generation and other sectors," said David Hunt, Mitsubishi Power Americas' Senior Vice President of New Generation Systems Sales and Commercial Operations. "This collaboration will add to the 'hub and spoke' hydrogen infrastructure we have been creating with partnerships throughout North America." Mitsubishi Power has previously announced clean energy hubs under development in Utah and North Dakota.

David Slater, DT Midstream's President and CEO, said, "Mitsubishi Power's generation equipment and hydrogen project development advancements make them an ideal strategic partner for DTM as we work to expand our low carbon energy transition platform and provide clean energy solutions to customers. As the demand increases for low carbon energy such as hydrogen, we have an opportunity working with Mitsubishi Power to apply our natural gas infrastructure development expertise to hydrogen projects. We look forward to combining our complementary technologies and expertise to deliver clean energy solutions to customers."

Hunt adds, "Our mission at Mitsubishi Power is to provide power generation and energy storage solutions to our customers empowering them to affordably and reliably combat climate change and advance human prosperity. We are leading the way with partnerships to build hydrogen clean energy infrastructure throughout North America. Together with our partners, we are creating a Change in Power. Our JDA with DT Midstream, our first with a major midstream company, furthers our cause and commitment to our mission."