City Council

CC 23. Clean Hydrogen Purchase Agreement Non-Binding Term Sheet – Element Resources, Inc. Recommendation(s): It is recommended that the City Council: 1. Approve the Non-Binding Term Sheet with Element Resources, Inc. for the purchase of hydrogen, with an estimated maximum contract amount of $68,200,000 and a minimum contract amount of $54,135,000 per year. Authorize the City Manager, or his designee, to execute and sign all documents; and 2. Find that this item is not a project pursuant to the California Environmental Quality Act. This agreement aims to secure a reliable supply of green hydrogen for the City of Lancaster, enhancing its clean energy portfolio and supporting its environmental goals. The collaboration with Element Resources is expected to provide substantial benefits in terms of sustainability, cost savings, and energy security.