Blog

Get Market News

Get weekly email updates on market factors like supply, demand, and regulatory affairs. Subscribe now

Get Started with ENGIE

ENGIE Resources is ready to analyze your historical energy usage data and present appropriate options. Get started now

Become a Broker or Consultant

Complete our Brokers & Consultants Inquiry Form. Learn more

DOE Boosts Hydrogen Hubs

December 02, 2024

The Department of Energy recently finalized awards for two Regional Clean Hydrogen Hubs in the United States.

The Gulf Coast Hydrogen Hub in Texas will receive a $1.2 billion grant, and the Midwest Hydrogen Hub will receive a $1 billion grant.

The nation’s seven hydrogen hubs are expected to produce millions of metric tons of hydrogen per year, with the goal of reaching the 2030 U.S. production target and lowering emissions from hard-to-decarbonize industrial sectors that represent 30 percent of total U.S. carbon emissions.

Green hydrogen is seen as an essential component of the energy mix:

  • Store energy and make it available when renewables are not producing electricity
  • Develop more sustainable forms of mobility, and
  • Decarbonize industrial uses.

Read more: https://www.energy.gov/articles/biden-harris-administration-announces-awards-22-billion-two-regional-clean-hydrogen-hubs

 Hydrogen