Magnum Development, LLC 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. Recently Magnum has entered into a joint venture with Mitsubishi Power Americas, to form ACES Delta. The new company 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.
Magnum Development
Driving Energy and Economic Development in America’s West
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.
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.
