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Caribbeans

(975 posts)
Wed Nov 20, 2024, 06:18 PM 10 hrs ago

Biden-Harris Administration Announces Awards for Up to $2.2 Billion for Two Regional Clean Hydrogen Hubs



Biden-Harris Administration Announces Awards for Up to $2.2 Billion for Two Regional Clean Hydrogen Hubs to Bolster America’s Global Clean Energy Competitiveness and Strengthen Our National Energy Security

Gulf Coast and Midwest Hydrogen Hubs will Create Tens of Thousands of High-Quality Jobs, Deliver New Economic Opportunities, and Reinforce America’s Clean Manufacturing Boom

Energy.gov | NOVEMBER 20, 2024

As part of President Biden’s Investing in America agenda, the U.S. Department of Energy (DOE) today announced up to $2.2 billion in award commitments for two Regional Clean Hydrogen Hubs (H2Hubs) that will help accelerate the commercial-scale deployment of low-cost, clean hydrogen—a valuable energy product that can be produced with zero or near-zero carbon emissions. The two awardees—Gulf Coast H2Hub and Midwest H2Hub—are critical pillars of DOE's H2Hubs program, which was created by the Bipartisan Infrastructure Law to kickstart a national network of clean hydrogen producers, consumers, and connective infrastructure while supporting the production, storage, delivery, and end-use of clean hydrogen. Building a strong and equitable domestic clean hydrogen economy is a key component of President Biden and Vice President Harris’ plan to strengthen America’s economic competitiveness, create new good-paying, high-quality jobs, and slash harmful emissions that jeopardize public health and pollute local ecosystems.

"The Biden-Harris Administration has followed through on its promise to kickstart a new domestic hydrogen industry that can produce fuel from almost any energy resource in virtually every part of the country and that can power heavy duty vehicles, heat homes, and fertilize crops,” said U.S. Secretary of Energy Jennifer M. Granholm. “Today’s announcement marks a major milestone in DOE’s Hydrogen Hubs program, signaling our deep commitment to strengthening America’s energy security and boosting our economic and global competitiveness while also tackling the climate crisis.”

As part of the H2Hubs program, DOE is committing up to $1.2 billion of federal cost share for the Gulf Coast Hydrogen Hub—led by HyVelocity (HyV) and up to $1 billion of federal cost share for the Midwest Hydrogen Hub—led by the Midwest Alliance for Clean Hydrogen LLC (MachH2). These awards follow three previously awarded H2Hubs, and together, they will help drive private sector investment in clean hydrogen, setting the nation on a course to hit critical long-term decarbonization objectives. 

Clean hydrogen is a flexible energy carrier that can be produced from a diverse mix of domestic energy resources, including renewables, nuclear, and fossil resources with carbon capture. Its unique characteristics will allow the H2Hubs to substantially reduce harmful emissions from some of the most energy-intensive sectors of the economy, such as chemical and industrial processes and heavy-duty transportation, while creating new economic opportunities across the country. It could also be used as a form of long-duration energy storage to support the expansion of renewable power. By enabling the development of diverse, domestic energy pathways across multiple sectors of the economy, clean hydrogen will strengthen American energy independence and accelerate the American manufacturing boom..more
https://www.energy.gov/articles/biden-harris-administration-announces-awards-22-billion-two-regional-clean-hydrogen-hubs

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