GoSolar Energy as Pioneer of H2onChain Blockchain Hydrogen Tax Credits of $4.32 Billion

GoSolar Energy has become the first pioneer to list two Green Hydrogen projects on H2onChain, making available up to $4.32 billion in pre-sale hydrogen production tax credits.

Using its patented blockchain technology, H2onChain secures hydrogen production tax credits under IRA Section 45V. Project developer GoSolar Energy supports this initiative by providing co-located renewable energy sources that meet all three pillars of the IRA requirements to achieve the full $3.00/kg, by hosting a multi-gigawatt onsite power generation for green hydrogen production and storage.

This partnership, sparked during a September webinar and an October Hydrogen Conference organized by ATAinsight / RENMAD H2 USA in Chicago, marked a significant breakthrough and initiated the evaluation of GoSolar Energy’s Green Hydrogen projects in the Midwest.

The first project, in Green Bay, Iowa, is strategically co-located with a retired coal power plant and the Midwest’s largest fertilizer facility. Over ten years, it is expected to generate approximately $1.44 billion in tradable production tax credits. The second project, Green Liberty, Missouri, is twice the size, with anticipated tradable tax credits of around $2.88 billion.

H2onChain conducted a comprehensive evaluation of GoSolar Energy’s projects and began listing them last Friday, just in time for the fiscal year’s close, allowing tax credit investors a unique opportunity to invest in this pioneering hydrogen tax credit deal.

Both projects aim to supply green hydrogen for fertilizer production and bunker fuel, utilizing co-located ammonia conversion facilities to produce 1.1 million metric tons of CO2-free, certified green ammonia annually. This green ammonia will serve markets in the U.S., Europe, and Asia, with efficient distribution through existing pipeline infrastructure and dock facilities along the Mississippi River, as well as an international transportation network via the Port of New Orleans.

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