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On March 13, 2024, the U.S. Department of Energy (DOE) announced $750 million in funding for 52 projects across 24 states to dramatically reduce the cost of clean hydrogen and reinforce American leadership in the growing hydrogen industry. These projects will advance electrolysis technologies and improve manufacturing and recycling capabilities for clean hydrogen systems and components.
This announcement represents the first phase of implementation of two provisions of the Bipartisan Infrastructure Law, which authorizes $1 billion for research, development, demonstration, and deployment (RDD&D) activities to reduce the cost of clean hydrogen produced via electrolysis and $500 million for research, development, and demonstration (RD&D) of improved processes and technologies for manufacturing and recycling clean hydrogen systems and materials. These projects will directly produce more than 1,500 new jobs, along with thousands of additional jobs indirectly generated through regional economic activity. Additionally, these projects will provide support to 32 disadvantaged communities.
Together with the Regional Clean Hydrogen Hubs (H2Hubs), tax incentives in the President's historic Inflation Reduction Act, and ongoing research, development, and demonstration in the DOE Hydrogen Program, these investments will help DOE achieve its ambitious Hydrogen Shot goal of reducing the cost of producing clean hydrogen to $1 per kilogram. These projects will also support the long-term viability of the H2Hubs and other emerging commercial-scale deployments by helping to solve the underlying technical barriers to cost reduction that can't be overcome by scale alone.
Posted In: BLDP
