7 Hubs Will Share $7 Billion: DOE Announces Regional Clean Hydrogen Hubs
Highlights
• On Oct. 13, just six months after receiving final applications, the administration and the DOE announced the selection of seven regional clean hydrogen production hubs that will share $7 billion in federal funding
• During this same period there has been substantial enhancement of demand-side incentives for clean hydrogen, including an additional $1 billion federal investment, to provide market certainty and drive innovative end uses of clean hydrogen
• Notwithstanding this programmatic progress and momentum, the uncertainty arising from the Treasury’s continued delay in issuing guidance on eligibility for clean hydrogen production and other tax credits may slow down hub and infrastructure financing and development
Babe Ruth's called shot in the 1932 World Series is a true legend. The Department of Energy’s (DOE’s) Hydrogen Shot, which aims to accelerate hydrogen technology breakthroughs and cut the cost of clean hydrogen to $1 per kilogram by 2031, is well on its way to becoming one.
Keep Up to Date in a Changing World
