The U.S. Department of Energy’s (DOE’s) Office of Fossil Energy and Carbon Management (FECM) recently announced up to...
Republican-led Oklahoma legislature to introduce subsidy for hydrogen after hub failed to win federal funding
The Republican-dominated legislature in the US state of Oklahoma — which continues to legislate against climate-mitigation measures — is set to introduce a new subsidy for hydrogen producers and users in the state. Senate Bill 1428 is offering an “investment rebate payment” equal to 6.25% of the capital expenditure (capex) of a hydrogen project, providing that total capex is more than $800m, and that the facility is in a municipality with a population of between 20,000 and 30,000 people. The money would come from a new Commerce Manufacturing Activity Development Fund created by the bill, which would “not [be] subject to fiscal year limitations”, but would amount initially to $50m, according to one of the state representatives supporting SB 1428.
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