The Biden administration revealed on Friday that seven regional hubs for clean hydrogen would get $7 billion in funding, which would result in the creation of more than 105,000 permanent employment.
At a Philadelphia event, President Joe Biden announced the recipients of the cash provided by the bicameral infrastructure package.
“Today’s announcement is transformational,” he declared. “We’re truly investing in America for the first time in a long time. We are spending money on the future.
According to the White House, the funds will supplement $40 billion in private investment in clean hydrogen. The hubs are a collection of linked assets rather than a single facility that collaborates to create domestic hydrogen.
As part of President Biden’s Investing in America agenda, a key pillar of Bidenomics, the U.S. Department of Energy (DOE) today announced $7 billion to launch seven Regional Clean Hydrogen Hubs (H2Hubs) across the nation and accelerate the commercial-scale deployment of low-cost, clean hydrogen—a valuable energy product that can be produced with zero or near-zero carbon emissions and is crucial to meeting the President’s climate and energy security goals.
This historic milestone is part of the third installment of the Investing in America tour, during which President Biden and Secretary Granholm will travel to Philadelphia, Pennsylvania to announce this unprecedented investment in American manufacturing and jobs.
“Unlocking the full potential of hydrogen—a versatile fuel that can be made from almost any energy resource in virtually every part of the country—is crucial to achieving President Biden’s goal of American industry powered by American clean energy, ensuring less volatility and more affordable energy options for American families and businesses,” said U.S. Secretary of Energy Jennifer M. Granholm. “With this historic investment, the Biden-Harris Administration is laying the foundation for a new, American-led industry that will propel the global clean energy transition while creating high quality jobs and delivering healthier communities in every pocket of the nation.”
Clean hydrogen is a flexible energy carrier that can be produced from a diverse mix of domestic clean energy resources, including renewables, nuclear, and fossil resources with safe and responsible carbon capture. Its unique characteristics will allow the H2Hubs to substantially reduce harmful emissions from some of the most energy-intensive sectors of the economy, such as chemical and industrial processes and heavy-duty transportation, while creating new economic opportunities across the country.
It could also be used as a form of long-duration energy storage to support the expansion of renewable power. By enabling the development of diverse, domestic clean energy pathways across multiple sectors of the economy, clean hydrogen will strengthen American energy independence and accelerate the American manufacturing boom that has already created more than 815,000 jobs since President Biden took office. Source: Energy.gov
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