Home New mexico economy Universal Hydrogen Selects New Mexico as Major Manufacturing Center | Your money

Universal Hydrogen Selects New Mexico as Major Manufacturing Center | Your money

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Albuquerque, New Mexico, March 18, 2022 (GLOBE NEWSWIRE) — A company whose mission is to enable carbon-free fuel and reduce the climate impact of air travel will build a manufacturing and distribution center in New Mexico in the goal of hiring hundreds of employees in Albuquerque.

Universal Hydrogen has selected a 50-acre parcel of land northeast of the Albuquerque International Sunport passenger terminal to manufacture and distribute its hydrogen storage modules, assemble aircraft retrofit kits, perform maintenance services after-sales service and manage administrative activities. The location includes access to a runway and the potential future rehabilitation of a rail spur south of the Sunport.

New Mexico will be central to the company’s mission to decarbonize hard-to-reduce greenhouse gas emissions in aviation, ground transportation and heavy industry to help the United States meet the goals of the Paris Agreement. The company also has facilities in California, Washington State and Toulouse, France.

“This project places New Mexico and Universal Hydrogen at the center of the global effort to decarbonize transportation and aviation in particular, Governor Michelle Lujan Grisham said. “Hydrogen, solar, wind and alternative energy are job-rich industries and New Mexico’s partnerships with these companies are part of a forward-thinking model to create a robust and diverse economy, while part of the solution to climate change.

“Aviation is going to be one of the hardest sectors of our economy to decarbonize. The clean hydrogen capsules that Universal Hydrogen plans to manufacture in Albuquerque will be key to reducing carbon pollution in air travel – a contributor to our climate crisis. I am proud to welcome all of the jobs and investment that Universal Hydrogen brings to New Mexico,” said U.S. Senator Martin Heinrich.

Universal Hydrogen will spend one to two years planning and building its facilities in New Mexico, with the goal of beginning full-scale manufacturing by 2024. It plans to invest more than $254 million in New Mexico. -Mexico and aims to hire 500 employees over the next seven years. years. These jobs will include highly skilled engineers and composite technicians with attractive salaries and benefits. The construction project alone is expected to generate over 1,200 jobs, and the manufacturing and distribution center is expected to have an economic impact of over $700 million over the next 10 years.

“With two Federal Department of Energy research labs and a skilled workforce, the future of innovative new energy technologies is here in New Mexico,” said Economic Development Cabinet Secretary Alicia J. Keyes. “Governor Lujan Grisham understands and thinks big – New Mexico is now competing for sophisticated companies with high-paying jobs and winning.

Universal Hydrogen is uniquely positioned to address the aviation hydrogen value chain for both hydrogen fuel distribution and hydrogen aircraft. The company uses proprietary capsules that store hydrogen safely during transport and serve as modular tanks that are loaded directly onto aircraft. The technology will support a logistics network capable of moving hydrogen from production facilities to airports via existing freight infrastructure, eliminating the need for new pipelines, tankers and expensive hydrogen storage facilities.

The company is also developing powertrain conversion kits to retrofit existing regional turboprop aircraft, including the Dash 8-300 and ATR 72, to enable these aircraft to fly on hydrogen. It has so far struck deals with 11 airlines to upgrade nearly 100 regional jets with the aim of being FAA-certified and in revenue service by 2025.

After demonstrating success with regional aircraft, Universal Hydrogen plans to apply its modular refueling solution to large commercial aircraft as well as drones, industrial equipment and ground transportation, all high carbon footprint areas that will require fueling. hydrogen to meet pollution reduction targets.

“Hydrogen is the best and only scalable solution to truly decarbonize aviation, and we want to bring it to market decades earlier than anyone thought possible – by 2025,” said Jon Gordon, co. -founder and general counsel of Universal Hydrogen.

Gordon said the company chose Albuquerque for manufacturing and distribution because of its strategic location which allows the company to take advantage of the air, rail and highway system as well as strong partnerships with governments, industry and research institutes. “I can’t imagine a better place to be. We need a highly skilled workforce, and we need it immediately,” Gordon said. “We see New Mexico as a place that will provide our employees with an affordable and high quality of life with access to culture and the outdoors. It really is a dream location.

He added that Senator Heinrich and Governor Lujan Grisham are rare among elected officials to fully appreciate the transformative economic effect of sustainable hydrogen, including its ability to reduce our dependence on fossil fuels.

“New Mexico currently has some of the most forward-looking political figures in the country when it comes to the potential of hydrogen to transform our economy and eliminate our reliance on fossil fuels,” Gordon added. “New Mexico’s leadership will also attract other businesses to the region. It’s important to us. We want to be an important catalyst in building this sustainability-driven ecosystem in New Mexico.

The Albuquerque Regional Economic Alliance, the region’s nonprofit private sector economic development organization, provided technical assistance for Universal Hydrogen’s expansion. AREA began providing site selection services to Universal Hydrogen in early September 2021. ‘AREA. We are actively working on projects in all of these areas, and we expect that with the announcement of Universal Hydrogen, we will only see more requests,” said Danielle Casey, President and CEO of Albuquerque Regional Economic Alliance.

Universal Hydrogen has been featured in Bloomberg, Reuters, Wall Street Journal, and the Financial Times, among others, as one of the innovative startups working to decarbonize the transportation sector. For media inquiries related to Universal Hydrogen, please contact Kate Gundry at [email protected]

New Mexico has taken a bold approach to clean hydrogen development. In January, the state signed a memorandum of understanding with Los Alamos and Sandia National Laboratories that leverages their respective areas of hydrogen expertise to ensure rapid and efficient energy system transformation. In February, Governor Lujan Grisham signed a memorandum of understanding with the governors of Colorado, Utah and Wyoming announcing that they would jointly compete for a portion of the $8 billion allocated in the federal tax law. investment and employment in infrastructure for the development of regional clean hydrogen. hubs.

About AREA: The Albuquerque Regional Economic Alliance is a private, nonprofit organization whose mission is to lead and execute strategies designed to grow and diversify the economic base of the greater Albuquerque area, creating a prosperous, diverse and inclusive economy and raising the standard of living for all. AREA provides confidential assistance to businesses considering the area for expansion and new investment. Since its inception in 1960, AREA has recruited over 250 companies and more than 35,000 jobs to the Albuquerque metro area. AREA also provides support for the retention and expansion of existing industry. For more information, visit ABQ.org.

Danielle Casey Albuquerque Regional Economic Alliance 505-705-3785 [email protected]