Seattle & Northwest + Seattle + Industrial | November 15, 2023

NovoHydrogen Signs Lease for Its First WA Green Hydrogen Plant

NovoHydrogen, a Colorado-based startup and green hydrogen developer, has signed a lease for a three-acre site in Frederickson, Washington. The facility at 5304 184th Street E. will be the company’s first Washington plant, according to the Puget Sound Business Journal. NovoHydrogen will install a green hydrogen production system, with the plant featuring electrolyzers, compressors and storage.

In September, the company raised nearly $23.7 million from 16 investors. And in October, NovoHydrogen was selected to begin award negotiations by the U.S. Department of Energy Office of Clean Energy Demonstrations (OCED) for the development of a Pacific Northwest Hydrogen Hub, which in total is estimated to receive up to $1 billion in bipartisan infrastructure law funding.

OCED funding will support NovoHydrogen’s participation in the Hydrogen Hub through the advancement of planning, detailed design, environmental permitting, and procurement of long-lead equipment.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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