The two departments of West Virginia have signed a memorandum of understanding with Houston-based Fidelis New Energy for its proposed Mountaineer GigaSystem LLC in Point Pleasant, The Inter-Mountain reported.
According to the memorandum of understanding, #Fidelis has acquired the option to purchase four properties in Point Pleasant on more than 1,000 acres of land for a #hydrogen production facility, a biomass power plant and carbon capture and sequestration equipment. The project is an estimated $2 billion worth of investment.
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