Williams (WMB) Signs MoU With Orsted on Clean Energy Goals
The Williams Companies, Inc. WMB recently inked a memorandum of understanding (MOU) with Danish multinational power company Ørsted to collaborate on Power-to-X projects in the United States. - Zacks Per the MOU, the two firms will work together to co-develop hydrogen or synthetic natural gas facilities, driven by renewable energy. This alliance will combine Ørsted's renewables and hydrogen knowledge with Williams' natural gas infrastructure and processing capabilities. In western Wyoming, Williams controls considerable acreage and natural gas infrastructure. There, the parties are on the lookout of a large-scale wind energy, electrolysis and synthetic gas-via-methanation co-development prospect. Williams' energy infrastructure network is flexible enough to accommodate future renewable energy storage and transportation. The company's countrywide network and best-in-class infrastructural skills are well-positioned to help advance the future of hydrogen by connecting low...