President Joe Biden is set this week to announce as much as $7 billion in funding for hydrogen projects across the country as part of a competition to jump-start production of the clean-burning fuel in the US, according to people familiar with the matter.
The funding for so-called hydrogen hubs, where the gas can both be produced and used, is intended to highlight its potential as carbon-free fuel to run factories and power plants. The amount of hydrogen produced in the US could surge to 10 million metric tons by 2030, according to a report released earlier this year by the Energy Department.
Biden is scheduled on Friday to visit Pennsylvania, which is leading an Appalachian hydrogen hub that proposes to use natural gas and carbon capture, where he will give remarks on the clean-energy transition, according to the White House. The project, in partnership with West Virginia and Ohio, also includes Shell Plc.
The awards mark the culmination of a furious race between states for the funding, which was included in 2021’s bipartisan infrastructure legislation. The Energy Department in January urged 33 projects to submit full applications, after receiving 79 proposals. Between six and 10 are expected to receive final awards.
Source https://is.gd/vcwWaX
