$64 Million in DoE funding to advance [email protected] initiative in the U.S.

In Washington D.C., The US Department of Energy has announced up to $64 million in funding to advance innovations that will build new markets for the [email protected] initiative. The investment will support research and development; innovative hydrogen concepts to encourage market expansion; and increase the scale of hydrogen production, storage, transport, and use. The statement released by the DoE notes that hydrogen has the potential to enable resiliency, energy security, emission reductions, and economic growth across sectors. Some noteworthy funding opportunities include up to $15 million for electrolyzer manufacturing R&D, $14 million for new market demonstrations in maritime and data centers, and $10 million for fuel cell R&D and domestic manufacturing for medium and heavy-duty transportation. The DoE stated that while the U.S. produces 10 million tons of hydrogen annually, there will still need to be a significant increase in hydrogen supply and demand to fully realize hydrogen benefits across the economy.

Category: Policy