Global energy giant Chevron has selected Australian clean energy company MGA Thermal to trial its thermal energy storage technology for clean steam generation, marking the company’s first major customer win.
Selected from a large pool of global clean energy innovations, Chevron chose MGA Thermal following the company’s recent manufacturing breakthroughs, specifically, the introduction of an automated manufacturing line and tunnel kiln which will increase production capacity 20-fold by 2026.
This alone will shift MGA Thermal into its next scale-up phase as a gigawatt factory, capable of supporting more customers like Chevron.
The study marks a significant milestone for MGA Thermal and underscores the growing importance of decarbonisation technologies in the energy sector. The study focuses on the application of MGA Thermal’s clean steam solution on a 5MWh trial unit designed for a Chevron site.
“Collaborating with Chevron represents a big milestone for MGA Thermal and advances our mission to decarbonise industrial heat on a global scale,” said Mark Croudace, CEO of MGA Thermal.
The study will be concluded by the end of 2024, with Anacapa serving as the appointed owner’s engineer and EPC (Engineering, Procurement, and Construction) partner.
“This study with Chevron represents a significant opportunity to demonstrate the real-world impact of our technology,” said Dr. Alex Post, CTO of MGA Thermal. “We’re confident that our clean steam solution will play a crucial role in helping industry leaders meet their ambitious decarbonisation goals.”
“At Chevron, we’re committed to delivering affordable, reliable, and ever-cleaner energy. Our collaboration with MGA Thermal is just one example of the forward-thinking required to deliver on our strategy to reduce the carbon intensity of our operations and advance new solutions for major industries,” commented Luc Huyse, Manager, Operations and Facilities at Chevron Innovation.
"We look forward to the insights this study provides as we continue our journey towards a lower-carbon future.”