Energy & Sustainability Legal Feature — Recently Announced Clean Hydrogen Hub Program Funding

October 14, 2022

On September 22, 2022 the Biden-Harris administration announced a historic $7 billion funding opportunity to create regional clean hydrogen hubs (“H2Hubs”). One of the largest-ever public investments in clean hydrogen and in the history of the Department of Energy (DOE), the H2Hubs will form a critical component of America’s future clean energy economy, supporting the Biden administration’s goal to achieve a carbon-free electric grid by 2035 and a net zero emissions economy by 2050.

Hydrogen is a versatile source of energy that can be used to reduce emissions from carbon-intensive industries such as steel, chemicals, and transportation. The development of H2Hubs will enable networks of clean hydrogen producers, consumers, and connective infrastructure to accelerate the use of hydrogen as a clean energy carrier.

The DOE is collecting applications from a diverse group of applicants, including companies, government agencies, producers, and consumers, and plans to award funds to six to ten H2Hub projects across the country. The program is expected to provide a minimum award range of $400 million to $500 million and a maximum range of $1 million to $1.25 billion with a 50 percent minimum non-federal cost share. H2Hub projects are expected to be carried out over the course of eight to twelve years.

Read more here.

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