Published by Todd Bush on November 21, 2024
WASHINGTON, Nov 20 (Reuters) - The U.S. Department of Energy said on Wednesday it has awarded up to $2.2 billion to centers on the Gulf Coast and in the Midwest to develop hydrogen, an emerging source of energy that is expensive to produce using renewable power.
U.S. Secretary of Energy Jennifer Granholm speaks at a press conference during the United Nations Climate Change Conference (COP29), in Baku, Azerbaijan November 15, 2024. REUTERS/Murad Sezer/File Photo Purchase Licensing Rights
>> In Other News: Senate Agriculture Committee Introduces Draft Farm Bill with Key Updates for Bioethanol and Biofuels
Hydrogen backers, including the administration of President Joe Biden, believe that low-carbon hydrogen can fight climate change by fueling heavy industry such as aluminum, cement, steel, and long-haul transportation. The vast majority of hydrogen is produced now with fossil fuels with unabated emissions, at a fraction of the cost of clean hydrogen. Backers hope clean hydrogen will be produced commercially in coming years with renewable energy, natural gas combined with carbon capture, and nuclear power. It is uncertain how hydrogen will fare under President-elect Donald Trump, but the awards came from the 2021 bipartisan infrastructure law.
The move signals "our deep commitment to strengthening America's energy security and boosting our economic and global competitiveness while also tackling the climate crisis," said U.S. Energy Secretary Jennifer Granholm.
The administration is awarding up to $7 billion in federal grants. Last year, two hub projects partially located in Pennsylvania received awards. The Gulf Coast hydrogen hub in Texas received up to $1.2 billion on Wednesday, while the Midwest hub, with locations across the industrial corridor of Illinois, Indiana, Iowa, and Michigan, is getting up to $1 billion.
The Gulf hub proposes to produce clean hydrogen from water through electrolysis and from natural gas with emissions captured and stored underground. The Midwest hub aims to produce hydrogen with wind energy, natural gas with carbon capture, and nuclear. The plan will set the U.S. on a path to produce 50 million metric tons of clean hydrogen fuel by 2050, the Biden administration says.
The U.S. Department of Energy works to ensure America's security and prosperity by addressing its energy, environmental, and nuclear challenges through transformative science and technology solutions.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🌊 NYK Partners With Climeworks to Remove CO₂ Through Diverse Carbon Removal Solutions 🛠️ First Public Hydrogen (FPH2) Appoints Ernesto Medrano to Board of Directors 💡 Kinetics Ac...
Inside This Issue 📊 Trading Carbon Right: Why Credit Quality Matters More Than Ever ☀️ SunHydrogen Contracts The Process Group for Front-End Engineering Design of 25m2 Renewable Hydrogen Pilot Pla...
Inside This Issue 🏆 Tri-gen Receives U.S. Department of Energy 2025 Better Project Award ⚡ HyOrc Corporation Unveils Modular Hydrogen Power for a Failing Grid 🌳 Everland in Partnership with BNP Pa...
Statkraft Stops New Development of Green Hydrogen Projects
Statkraft has decided to stop new development of green hydrogen due to increased uncertainty in the market. Parts of the portfolio will be matured before seeking investors to realise the projects. ...
Exxon Agrees to Supply Japan's Marubeni With Low-Carbon Ammonia
Exxon Mobil has signed a long-term agreement to supply 250,000 metric tons of low-carbon ammonia annually to Japanese trading house Marubeni, the U.S. oil producer said on Wednesday, representing E...
Elcogen and Casale SA Collaborate to Drive Innovation in Green Ammonia and Sustainable Energy
Tallinn, ESTONIA, May 07, 2025 (GLOBE NEWSWIRE) -- Elcogen, a leading European manufacturer of technology that enables the efficient production of affordable green hydrogen and emission-free electr...
Synagro and Partners to Test Commercial-Scale High Temperature Pyrolysis Pilot for PFAS Destruction, Syngas Recovery and Biochar Production CHAR Technologies Ltd. ("CHAR Tech" or the "Company") (T...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.