Biden-Harris Administration to Jumpstart Clean Hydrogen Economy with New Initiative to Provide Market Certainty and Unlock Private Investment
As part of Bidenomics and President Biden's Investing in America agenda, last week the U.S. Department of Energy (DOE) released a Notice of Intent, which includes a Request for Information, to invest up to $1 billion in a demand-side initiative to support the Regional Clean Hydrogen Hubs (H2Hubs). Funded by President Biden's Bipartisan Infrastructure Law, the H2Hubs program will help form the foundation of a national clean hydrogen network vital to reducing emissions from some of the most energy-intensive sectors of our economy, including industrial and chemical processing and heavy-duty transportation. This announcement will help ensure producers and end users within a H2Hub network have the market certainty they need during the early years of production to unlock private investment and realize the full potential of clean hydrogen. Achieving commercial-scale clean hydrogen deployment is critical to creating good-paying jobs and new economic opportunities in communities across the nation while also enabling our long-term decarbonization objectives.
“Ensuring America is the global leader in the next generation of clean energy technologies requires all of us — government and industry — coming together to confront shared challenges, particularly lack of market certainty for clean hydrogen that too often delays progress,” said U.S. Secretary of Energy Jennifer M. Granholm.“That’s why DOE is setting up a new initiative to help our private sector partners address bottlenecks and other project impediments — helping industry unlock the full potential of this incredibly versatile energy resource and supporting the long-term success of the H2hubs.”
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