Governor Michelle Lujan Grisham on Tuesday announced the introduction of House Bill 4, the Hydrogen Hub Development Act,...
Bipartisan senators introduce bills to boost hydrogen energy
A bipartisan Senate duo yesterday introduced three bills they say could form the foundation for the domestic growth of the hydrogen production industry.
One proposal from Sens. Chris Coons (D-Del.) and John Cornyn (R-Texas) would authorize as much as $2.2 billion for hydrogen-related end uses and infrastructure loan and grant programs over the next five fiscal years.
The measure includes loan funds similar to those that have helped spur investment in drinking water and highway infrastructure. The loans could provide as much as $100 million every year for hydrogen infrastructure projects like pipeline build-outs, a crucial link in the still-developing energy product.
“In order to move toward a more sustainable future, it is imperative that we invest in the programs and technologies that will help us get there,” Coons said in a statement.
The second of the bills would authorize $1.2 billion over five years for a new grant program. That program would aid in commercial-scale demonstration projects for end-use industrial applications of hydrogen. Those eligible for the grants include producers of steel, cement, glass and chemicals, according to the bill.
Industrial emissions are among the most difficult to bring down due to the energy-intensive nature of the processes to produce those materials.
Hydrogen, which does not burn into a greenhouse gas like natural gas or coal, could help dramatically reduce the carbon footprint of key industries.
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