Industrial, Sourcing Renewables - December 19, 2022
White House Provides Funding For Clean Hydrogen Technologies
The Biden-Harris Administration, through the U.S. Department of Energy (DOE), announced its intent to issue $750 million in funding from President Biden’s Bipartisan Infrastructure Law to reduce the cost of clean-hydrogen technologies.
The funding is a component of accelerating the widespread use of clean hydrogen and will play a role in supporting commercial-scale hydrogen deployment.
Produced with net-zero carbon emissions, clean hydrogen will be essential for achieving the President’s goal of a 100% clean electrical grid by 2035 and net-zero carbon emissions by 2050.
“Today’s announcement is yet another exciting step toward lowering the cost of and scaling-up clean hydrogen production, a versatile fuel essential to the nation’s historic transition to an equitable and secure clean energy future,” said U.S. Secretary of Energy Jennifer M. Granholm, in a statement. “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.”
Together with the regional clean hydrogen hubs (H2Hubs), tax incentives in the President’s Inflation Reduction Act, and ongoing research, development, and demonstration in the DOE Hydrogen Program, these investments will accelerate the technical advances and scale-up needed to achieve DOE’s Hydrogen Shot goal of $1 per kilogram of clean hydrogen within a decade.
Managed by DOE’s Hydrogen and Fuel Cell Technologies Office (HFTO), projects funded through this opportunity will address underlying technical barriers to cost reduction that can’t be overcome by scale alone and ensure emerging commercial-scale deployments will be viable with future lower-cost, higher-performing technology.
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