The company is receiving $1 million dollars from the state to help build a new hydrogen facility in the First State.
Aternium officials are touting the plant as environmentally friendly, promising very little waste or harmful byproduct and that the power needed to run it will be generated in part by wind turbines.
Andrew Cottone is Aternium’s CEO.
“What you won’t see are smokestacks, or pollution. What you will see in the future of clean energy in Delaware.” he said.
Lt. Governor Kyle Evans-Gay says this is an example of the type of projects Delaware wants to support - offering new jobs and a potential boost to its energy portfolio.
“The state is ready to stand behind individuals who are willing to take those risks, for the reward that it brings to our local economy, to our workforce, and beyond.” she said.
The million dollars from the state comes from the Delaware Accelerator & Seed Capital Program (DASCP), one of four programs awarded federal funds under the State Small Business Credit Initiative (SSBCI). Delaware’s Division of Small Business is administering Delaware’s $60.9 million SSBCI award which focuses on providing access to capital for start-up and early-stage businesses.
Hydrogen power has been criticized by some environmentalist groups, which raise concerns about hydrogen leakage into the atmosphere due to the particle’s small size; hydrogen is known to prolong the lifespan of some greenhouse gasses.
But Cottone says leakage of any type is bad business, assuring it will operate an environmentally safe facility.
Aternium officials say they will begin their front-end engineering phase soon.
>> In Other News: $800M Baton Rouge BECCS Plant Marks Turning Point for U.S. Carbon Capture
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
This Box Makes Jet Fuel Out of Thin Air
Inside This Issue ✈️ AIRCO's Pennsylvania Hub Makes Jet Fuel from CO2 On-Site 🛡️ Initial Partners Selected in Air Force Geologic Hydrogen Energy Resilience Initiative 🍁 Alberta Releases Updated Qu...
-
They Pulled Hydrogen Straight Out of Rock. A World First.
Inside This Issue 🛢️ No CCUS, No Pipeline: The $100 Billion Bet Behind Alberta's West Coast Oil Route 🌋 GeoRedox and Canada Nickel Launch the World's First Stimulated Geologic Hydrogen Well in Ont...
-
It's Buried. California's First Underground CO₂ Project Goes Live.
Inside This Issue 🏜️ California Resources Corporation Achieves First CO₂ Injection at Carbon TerraVault I, a Major Milestone for Carbon Management in California 💂 Plug and Carlton Power, Barrow Gr...
Company Announcements
-
SLINGERLANDS, N.Y., June 02, 2026 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced it closed the sal...
-
There's Enough Hydrogen Underground to Power Earth for 170,000 Years
Scientists estimate Earth already contains enough naturally occurring "geologic" hydrogen to meet global energy needs for 170,000 years, and the U.S. DOE says it could potentially be produced fo...
-
Hydrogen modules measuring 1.92 m² (20.7 ft²), built with SunHydrogen's latest catalyst integration and coating improvements, installed at UT Austin's Hydrogen ProtoHub, demonstrate efficiencies co...
-
Parties Clarify That the Business Combination Agreement Remains in Full Force and Effect; Form S-4 Registration Statement Expected to Be Filed in the Coming Weeks CALGARY, Alberta -- DevvStream Co...