The Department of Energy, US, unveils an investment on the hydrogen technology landscape worth USD 47.7 million
The US Department of Energy (DOE) has declared an investment of $47.7 million towards enhancing the hydrogen technology landscape. This allocation aims to drive down the costs associated with hydrogen technology, bolster the hydrogen infrastructure, and elevate the performance of hydrogen fuel cells.
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This commitment aligns with President Biden's broader Investing in America plan. Out of the total funding, 16 distinct projects spanning 13 states in the US will be the primary beneficiaries. These projects will primarily focus on research, development, and demonstrative actions.
In tandem with other initiatives like the Regional Clean Hydrogen hubs, the Inflation Reduction Act's tax incentives, and persistent research under the umbrella of DOE’s Hydrogen Programme, this recent commitment is anticipated to fortify the "Hydrogen Shot" goal. This ambitious goal aims to plummet the cost of clean hydrogen to a mere $1 per kilogram within the coming ten years.
US Secretary of Energy, Jennifer M. Granholm, emphasized the pivotal role of next-gen climate technologies in transitioning to a robust clean energy economy. She asserted that initiatives like the one announced would turbocharge the DOE's endeavors in the realm of clean hydrogen. Such advancements will not only aid in cleaning up energy-intensive sectors but also rejuvenate the US manufacturing industry for the foreseeable future.
To ensure effective oversight and management of these chosen projects, the responsibility will lie with the DOE’s Hydrogen and Fuel Cell Technologies Office. Their overarching objective will be to collaborate with existing efforts that are geared towards reducing hydrogen production costs. This will encompass concentrating on pivotal segments within the clean hydrogen value chain, which includes innovation in hydrogen delivery, storage technologies, and the development of cost-effective and resilient fuel cells.
The DOE has consistently showcased its commitment to the hydrogen sector. Just in the preceding month, August 2023, the department had proclaimed an additional $34 million funding to foster technology solutions, aiming to make clean hydrogen both accessible and cost-efficient.
In a prior announcement, the DOE had also signaled its intention to channel up to $1 billion towards a demand-driven hydrogen initiative. This would fortify the Regional Clean Hydrogen Hubs program, which envisions the creation of up to 10 regional hubs scattered across the nation.
Central to this initiative is President Biden’s Bipartisan Infrastructure Law that sponsors it. The ultimate vision is to establish a foundational framework for a countrywide clean hydrogen network. This network is poised to significantly reduce carbon emissions, especially in sectors that are notorious for high energy consumption.
According to the article by Procurement Resource, The US Department of Energy (DOE) has allocated $47.7 million to improve hydrogen technology, aiming to reduce costs, expand infrastructure, and advance hydrogen fuel cells. This funding supports President Biden's Investing in America plan, with 16 projects across 13 states benefiting. The investment bolsters the "Hydrogen Shot" goal to reduce clean hydrogen costs to $1 per kilogram within a decade.
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US Secretary of Energy, Jennifer M. Granholm, highlighted the significance of these advancements in driving a clean energy economy. The DOE’s Hydrogen and Fuel Cell Technologies Office will oversee the projects. Last month, the DOE pledged an additional $34 million for hydrogen technology, and earlier, up to $1 billion for the Regional Clean Hydrogen Hubs program, supported by President Biden’s Bipartisan Infrastructure Law. The goal is a national clean hydrogen network to cut carbon emissions in high-energy sectors.
