Through the US Department of Energy (DOE), the funding from President Biden’s Bipartisan Infrastructure Law will reduce the cost and accelerate the widespread use of clean hydrogen.
Clean hydrogen is produced with zero or next-to-zero emissions from renewables, nuclear energy, or natural gas with carbon sequestration.
By enabling a sustainable clean hydrogen economy through investments, harmful air pollution will be reduced, also decarbonising some of the most polluting sectors including chemical and industrial processes, and heavy transportation.
This is in alignment with the DOE’s strategy of 100% clean electrical grid by 2035 and Net Zero carbon emissions by 2050, along with accelerating the ‘hydrogen shot’ which aims to cut the cost of clean hydrogen to $1 per kg within a decade.
Reaching cost reduction goals will also open new markets for clean hydrogen, creating more clean energy jobs and strengthen America’s competitiveness in the global clean energy market.
Jennifer M. Granholm, US Secretary of Energy, commented, “Today’s announcement is yet another exciting step toward lowering the cost of and scaling up clean hydrogen production.
“By investing in the cutting-edge research and development necessary to making market-ready clean hydrogen a reality, DOE is delivering on President Biden’s promise to implement an ambitious climate agenda.”
Working together with the regional clean hydrogen hubs (H2Hubs), tax incentives in the Inflation Reduction Act (IRA) and ongoing research in the DOE Hydrogen Programme, the investments will accelerate the technical advances in the US.
Earlier this year, the DOE released a Notice of Intent to fund the Bipartisan Infrastructure Law $8bn programme to develop H2Hubs across the country.
H2 View understood that DOE will select hub proposals based on prioritisation of employment opportunities and those that address hydrogen feedstocks, end-users and provide geographic diversity.
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