The decision by Topsoe to announce its plan for its largest investment in the US to date comes after the company received an allocation for nearly US$136 million in federal Section 48C tax credits from the Inflation Reduction Act.
Subject to final investment decision, this more than US$400 million investment is expected to create at least 150 direct jobs in Virginia and more than 1000 indirect jobs through the value chain.
With a planned capacity of more than 1 GW, the factory's output of electrolyser stacks will enable an annual greenhouse gas emission avoidance of up to 2 million t of CO2e.
In a statement, Topsoe said that its SOEC technology increases electrolyser efficiency up to 30% compared to other electrolysis technologies, and thereby produces more hydrogen per total power input.
