Magnum Development

Driving Energy and Economic Development in America’s West

Magnum Development, LLC, a wholly owned subsidiary of Chevron, owns and controls the Western Energy Hub, a comprehensive development that includes a substantial surface and vast underground salt formation centrally located at the Western Interconnection in Delta, Utah. The hub is ideally suited for the storage of liquid and gases. The company has proven the viability of this resource by their development of Magnum NGLs which became Sawtooth Caverns. In 2019 Magnum Development entered into a joint venture with Mitsubishi Power Americas, to form ACES Delta. ACES I will utilize renewable energy (wind and solar energy) to produce utility-scale hydrogen, storing it in the salt caverns for use as carbon-free clean fuel.

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Chevron Acquires Majority Stake in the Advanced Clean Energy Storage Hydrogen Project in Delta, Utah

Chevron U.S.A. Inc., through its Chevron New Energies division, announced it has closed a transaction with Haddington Ventures to acquire 100% of Magnum Development, LLC (Magnum Development) and thus a majority interest in ACES Delta, LLC (ACES Delta), which is a joint venture between Mitsubishi Power Americas, Inc. (Mitsubishi Power) and Magnum Development.

Reliable

Owing to its unique physical properties and location, Magnum’s Western Energy Hub provides an economical solution for storing and distributing clean energy to help ensure the consistent and reliable delivery of power throughout the western United States.

Scalable

As renewable energy displaces fossil fuel for baseload generation throughout the West, the need for scalable storage increases. Magnum’s joint ventures with Mitsubishi Power Americas and Sawtooth Caverns allow for utility-scale storage of gas and liquid energy that can quickly be drawn upon to meet variable power requirements.

Scalable

As renewable energy displaces fossil fuel for baseload generation throughout the West, the need for scalable storage increases. Magnum’s joint ventures with Mitsubishi Power Americas and Sawtooth Caverns allow for utility-scale storage of gas and liquid energy that can quickly be drawn upon to meet variable power requirements.

Connected

Existing and planned infrastructure—includes pipelines, transmission lines, gas storage, railways, and highways—put the Western Energy Hub at the center of an expansive network connecting upstream production areas with downstream customers throughout the West.

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