DOE Awards $2.2B to Two Regional Hydrogen Hubs

Dan McCue | Source: The Well News | Posted 11/25/2024

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The Department of Energy has awarded $2.2 billion to two regional hydrogen hubs intended to accelerate the commercial-scale deployment of the clean energy resource.

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The Department of Energy has awarded $2.2 billion to two regional hydrogen hubs, Gulf Coast H2Hub and Midwest H2Hub, as part of the H2Hubs program created to boost the clean hydrogen industry in the U.S. These hubs aim to connect clean hydrogen producers, consumers, and infrastructure to support the production, storage, and end-use of clean hydrogen across the nation. This initiative is part of a broader strategy to enhance energy security, competitiveness, and tackle climate change.

The funding, led by HyVelocity and the Midwest Alliance for Clean Hydrogen LLC, will drive private sector investment in clean hydrogen and advance decarbonization goals. Clean hydrogen has the potential to significantly reduce emissions in energy-intensive sectors and serve as long-duration energy storage, fostering economic growth and energy independence. The selected H2Hubs are expected to create thousands of jobs and produce millions of metric tons of hydrogen annually, playing a crucial role in achieving national decarbonization objectives and supporting a cleaner, more sustainable future.

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DOE Awards $2.2B to Two Regional Hydrogen Hubs

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