(PRNewswire)— Fidelis New Energy, an independent carbon management infrastructure focused on hard-to-abate industries and biogenic CO₂ company, commended the selection of the Appalachian Regional Clean Hydrogen Hub (ARCH2) as one of the seven awarded clean H₂ hubs by the U.S. Government through the Bipartisan Infrastructure Investment and Jobs Act. The hub is expected to receive up to $925 MM in federal funding, with up to $6 B in matching private investment, creating up to 20,000 jobs.

A major participant in the ARCH2 hub, Fidelis is creating multiple projects in West Virginia centered around the production and consumption of clean H₂. First, the Mountaineer GigaSystem a net-zero carbon H₂ project consisting of four phases where each phase will over 500 metric tpd at an approximate capital cost of $2 B per phase. Fidelis is also using its proprietary H₂PowerCool technologies to create the Monarch Cloud Campus, a data center complex powered by clean H₂ from Mountaineer. Finally, the firm will use its CO₂PowerGrow technologies to support high impact industrial greenhouses using CO₂ emissions and waste heat from Monarch and Mountaineer.

Bengt Jarlsjo, Co-Founder, President, and COO of Fidelis said, "The collaboration, commitment and investment of the members and stakeholders of the ARCH2 consortium under Batelle's leadership proposed a compelling proposition for a regional H₂ hub with direct benefits to West Virginia, Appalachia and the U.S. I am very pleased the Department of Energy, recognized the merits of ARCH2 and its ability to deliver practical, prompt and efficient commercial lift off of a H₂ hub and the associated energy transition jobs in the region."

"We are glad to have closed on the carbon sequestration operating agreement with the state of West Virginia which provides unique access to pore space making West Virginia a first mover in CCS. As one of the largest producers of hydrogen in the ARCH2 Hub, we hope to continue our partnership with the state and help make the Appalachia region a leader in the H₂ economy," said Pete Hollis, Senior Vice President and Global Head of CCUS of Fidelis.

Dan Shapiro, CEO and Co-Founder of Fidelis added, "Fidelis is extremely appreciative of all the parties that helped make this possible including Senators Joe Manchin and Shelley Moore Capito for their support for bipartisan Infrastructure Investment and Jobs Act that enabled the H₂ hub. Additionally, Senator Manchin's authorship and support for the Inflation Reduction Act (IRA) was crucial for the regulatory certainty that ensures the economic viability of clean H₂ projects. Further we would like to thank our Advisory Board Member Major General James "Jim" Hoyer, Governor Jim Justice and his administration, the West Virginia Economic Development Authority and the Mason County Economic Development for helping make Mason County, West Virginia the home of the Mountaineer GigaSystem and Monarch Cloud Campus."