U.S. Energy Department Kicks Off $7 Billion Green Hydrogen Program

The U.S. Department of Energy (DOE) on Thursday opened applications for the $7 billion program to create regional clean hydrogen hubs (H2Hubs) across the country. The Department believes it will form a critical arm of the United States’ future clean energy economy and a central driver in helping communities across the country benefit from clean energy investments, good-paying jobs, and improved energy security. H2Hubs is part of a larger $8 billion hydrogen hub program funded through Biden’s Bipartisan Infrastructure Law.

“These H2Hubs are a once-in-a-generation opportunity to lay the foundation for the clean hydrogen future President Biden is building—one that will lift our economy, protect the planet, and improve our health,” said U.S. Energy Secretary Granholm said. “With input from America’s brightest scientists, engineers, community organizers, and entrepreneurs, this national hydrogen strategy will help us accelerate the development and deployment of technologies to realize the full potential of clean hydrogen energy for generations to come.” she added.

Hydrogen is a versatile fuel and touted as critical for energy transition, especially regarding transportation and industrial sectors. It can be produced from clean, diverse, and domestic energy resources, including wind, solar, and nuclear energy, or by using methane while capturing resulting carbon to reduce emissions.

The H2Hubs is set to be one of the largest investments in DOE history. The Department said in statement that it will be “a critical component of the Administration’s commitment to invest in America’s workforce, jumpstart local economic growth, and create good-paying, union jobs as we build a clean energy economy, improve energy security, and tackle climate change.”

For this initial funding opportunity launch, DOE aims to select six to ten hubs for a combined total of up to $7 billion in federal funding. Concept papers are due by November 7, 2022, and full applications are due by April 7, 2023. Additional funding opportunities may follow to accelerate and expand the network of clean hydrogen projects.

The DOE also released a draft of the “National Clean Hydrogen Strategy and Roadmap” as part of its commitment to ramp up the domestic deployment of clean hydrogen. The Roadmap provides a comprehensive overview of the potential for hydrogen production, transport, storage, and use in the United States and outlines how clean hydrogen can contribute to national decarbonization and economic development goals. A final version of the strategy and roadmap will be released in the coming months and updated at least every three years.

This funding from the Bipartisan Infrastructure Law is complemented by new incentives in Biden’s Inflation Reduction Act for clean hydrogen produced with prevailing wages and apprenticeship requirements.

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now


Do you need to access special insights on this matter?

Start your 7-day free trial  and become a member today


Subscribe to Top Insights Today

Subscribe to Executive Newsletter Top Insights Today

The Executive Newsletter -Top Insights Today- puts global business events in perspective through special insights

Join the ranks of global executives and subscribe to Top Insights Today

Top Insights Today covers insights on energy, clean-tech, oil&gas, mining, rare earths, defense, aviation, infrastructure, manufacturing, electrical vehicles, big-tech, finance and politics of business

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

G7 Price Cap on Russian Oil Comes into Force

The G7 price cap on Russian seaborne oil exports has come into force on Monday as the Western nations try to curb Moscow’s ability to fund its invasion of Ukraine. Russia said it would not abide by the measure even if it has to cut output. The G7 nations and Australia agreed on Friday to put a price cap of $60 per barrel on Russian seaborne crude oil after the European Union members reached an agreement on the same day, convincing Poland, which argued the price was too high. Russia is the world’s second largest oil exporter. 

UK Windfall Tax Could Hit North Sea Fossil Fuel Investments

UK’s North Sea oil and gas explorers said they would have to rethink investment after Britain’s decision to raise windfall tax on the fossil fuel industry. Shell and Equinor said they were evaluating investment plans after last week’s decision to raise tax from 25% to 35% to help ease Britain’s fiscal woes. The UK government’s Energy Profit Levy (EPL) was also extended from 2025 to 2028, allows firms to deduct investments in new oil and gas projects and some carbon reduction projects. It will bring total taxes on the oil and gas sector in Britain to a rate of 75%, among the highest in the world.

Startups Pioneer New Semiconductor Technology

Computers using light rather than electric currents for processing have become more than research projects as some startups solved the challenge of using photons in chips, and are getting big investment. Ayar Labs, a startup developing this technology, which is called silicon photonics, raised $130 million from investors including chip manufacturer Nvidia. 

Stay informed

error: This content is protected !!