King & Spalding advised Hy Stor Energy LP (Hy Stor) on its submission of a Concept Paper to the U.S. Department of Energy (DOE) to begin the process to have Hy Stor’s proposed Mississippi Clean Hydrogen Hub (MCHH) designated as a “Regional Clean Hydrogen Hub”. The Concept Paper is the first step in a multi-year process that would allow Hy Stor and the MCHH to receive over a billion dollars in federal funds under the Infrastructure Investment and Jobs Act, also known as the Bipartisan Infrastructure Law.
Hy Stor, together with its strategic partner Connor, Clark & Lunn Infrastructure, is developing the MCHH to be a first-of-its-kind renewable hydrogen hub. The MCHH will be as much as ten times larger than any other green hydrogen project under consideration in the United States and would be one of the largest in the world. More information about the MCHH can be found in the following news articles:
S&P Global: Miss. governor, regulators back upstart's envisioned $3B green hydrogen hub
Clarion Ledger: Green hydrogen hub in Mississippi to be largest in US
King & Spalding has advised Hy Stor in all matters relating to its project development efforts as Hy Stor scales up its business and advances the MCHH. Work King & Spalding has performed for Hy Stor to date has included drafting of a variety of agreements, advice on protecting Hy Stor’s trademark and other intellectual property rights worldwide, real property acquisitions, M&A matters, tax matters, labor and employment matters, construction contracting matters, permitting issues, federal legislative advocacy and DOE funding.