USA invests $750 million in clean hydrogen

USA
The US Department of Energy on Wednesday announced plans to grant USD 750 million in funding for 52 clean hydrogen projects.

The projects are spread across 24 states. They range in focus from R&D on the production of electrolysers and securing supply chains for electrolysers to recycling critical materials used in hydrogen production.

A US Department of Energy official told Reuters the approach was “holistic.”

The U.S. National Clean Hydrogen Strategy and Roadmap, laid out in the country’s 2022 Bipartisan Infrastructure Law, targets 10 million tonnes of clean hydrogen production per year by 2030, 20 million tonnes by 2040 and 50 million tonnes by 2050.

The Bipartisan Infrastructure Law also outlined a USD 7-billion programme to support the development of seven clean hydrogen hubs.

Numerous green hydrogen projects are underway in the USA, including the production of green hydrogen via solar power, the blending of hydrogen in natural gas supplies, the conversion of power plants to run fully or partially on hydrogen.

“The Biden-Harris Administration is propelling an American-led clean hydrogen economy that is delivering good-paying, high-quality jobs and accelerating a manufacturing renaissance in communities across America,” said US Secretary of Energy Jennifer M. Granholm.

Recent Posts

QatarEnergy farms into ExxonMobil blocks in Egypt

QatarEnergy has signed a farm-in agreement with ExxonMobil to acquire a 40% participating interest in two exploration blocks offshore Egypt,… Read More

4 hours ago

Subsea7 unveils contract win in Turkish Black Sea

Subsea7 on Friday announced the award of a contract valued at up to USD 500 million to the Subsea Integration… Read More

3 days ago

Sharjah’s SNOC acquires stake in Eni block in UAE

Sharjah National Oil Corporation has acquired a 30% participating interest from Eni in a block in Ras Al Khaimah, UAE,… Read More

3 days ago

GeoPark signs offtake deal with Vitol in Colombia

Colombia-based GeoPark has signed an offtake and prepayment agreement with Dutch commodities trading firm Vitol for a minimum of 20,000… Read More

3 days ago

Nigeria launches bid round for 12 oil and gas blocks

Nigeria has opened a bid round covering 12 onshore and deepwater oil and gas blocks, Reuters reported on Wednesday Read More

4 days ago

ADNOC signs 15-year LNG supply deal with EnBW

ADNOC has signed a 15-year heads of agreement for the supply of 600,000 tpy of LNG to German energy company… Read More

4 days ago

This website uses cookies.