The US will boost clean hydrogen with a million-dollar initiative

As part of the schedule Bidenomics and Investing in America President Biden US Department of Energy (DOE) Notice of Intent (NOI) was published, which includes a Request for Information (RFI) to invest till 1 billion to support the dollar in demand-side initiatives Regional Clean Hydrogen Hubs (H2Hubs).

Funded by the President’s Bipartisan Infrastructure Act Biden, The H2Hubs program will help build the foundation of a national clean hydrogen grid that is critical to reducing emissions from some of the most energy-intensive sectors of our economy, including industrial and chemical processes and heavy transportation. Today’s announcement will help Guarantee Both producers and end users of H2Hubs have the necessary market certainty during the first years of production to unlock private investment and realize the full potential of clean hydrogen.

“Ensuring that the United States is the world leader in next-generation technologies need clean energy Let us all, government and industry, come together to address shared challenges, especially the uncertainty of the market for clean hydrogen that often slows progress,” said the Secretary US state Energy Jennifer M. Granholm. “That is why DOE is establishing a new initiative to help our private sector partners overcome bottlenecks and other project barriers, helping industry unlock the full potential of this resource. powerful Incredibly versatile and supports the long-term success of H2hubs.”

carrier of clean hydrogen versatile energy And flexible energy that can be produced with low or zero carbon emissions provides substantial economic benefits and helps create thousands of new, well-paying jobs across the country, especially in energy and under-served communities. Will help According to the report “Pathways to Commercial Flight: Hydrogen Clear with DOE“, has the potential to add to America’s growing hydrogen economy 100,000 new Net direct and indirect jobs by 2030. By enabling the development of diverse domestic clean energy pathways across multiple sectors of the economy, hydrogen will be strong will accelerate American energy independence and the American manufacturing boom that has already created more 800,000 stalls of work since President Biden took office.

The development of a demand-side initiative for hydrogen is Original To ensure H2Hub’s initial commercial viability, as the creation of demand for a new energy source often lags behind the creation of a reliable supply. This new initiative will support the growth and sustainability of the H2Hubs program by providing income certainty hydrogen producer They need to attract investment from the private sector. It will also help meet the needs of end users who often prefer the flexibility of purchasing hydrogen on short-term contracts and need confidence in the long-term availability of clean hydrogen before making significant long-term investments.

The NOI, which includes a request for information on program design, will help LDOE will be refined and validated Its approach to providing demand-side support for centers to enter the clean hydrogen market and will identify the best approach to engage and potentially involve the private sector. Institutions in the organization, capitalization and execution of orders of the executive unit.

Helping to inform the design of demand-side support mechanisms H2Hubs Program, The NOI seeks public input on potential benefits and risks, operating models, governance structures and potential implementation partners. The NOI is also based on DOE’s interactions with the energy industry, clean energy investment companies, nonprofits, nongovernmental organizations, and public response to demand-side requests for information. spring 2022 and DOE’s report on Pathways to Commercial Liftoff of Clean Hydrogen. Based on the demonstrated performance and experience gained with the H2Hubs demand-side support mechanism, DOE may consider similar mechanisms for other clean energy technologies and products in the future.