Tallgrass acquires 75% stake in NM hydrogen-to-power project

Tallgrass Energy LP closed the acquisition of a 75% membership interest in Escalante H2Power, which is developing a hydrogen-to-power project at the Escalante generating station in New Mexico.

The company plans to convert the retired coal-fired power plant, owned by Tri-State Generation and Transmission Association Inc., into a clean hydrogen-fired power generating facility.

Tallgrass acquired its membership interest in the company from Brooks Energy Co., while Newpoint Gas LLC will retain a 25% membership interest in Escalante H2 Power and continue to partner with Tallgrass in developing the hydrogen conversion project.

"Building on Newpoint's work, Tallgrass brings strong technical expertise to the project. Of equal importance, Newpoint and Tallgrass share the goal of advancing next-generation hydrogen technologies and offering critical decarbonized energy solutions through the Escalante Station," Newpoint Gas CEO Wiley Rhodes said in an Aug. 9 news release.