US DOE to slash cost of clean hydrogen by 80% to $1 this decade

June 7, 2021

The US Department of Energy’s (DOE) Energy Earthshot Initiative has today (June 7) launched with an ambitious target to slash the cost of clean hydrogen by 80% to $1 per kilogram in just one decade.

Launched today by Secretary of Energy Jennifer Granholm, the initiative’s goal will be carried out under its “Hydrogen Shot” which will help the US tackle the climate crisis and reach the Biden-Harris Administration’s goal of net-zero carbon emissions by 2050.

Further to that, the Hydrogen Shot establishes a framework and foundation for clean hydrogen deployment in the American Jobs Plan, which includes support for demonstration projects.

On the launch, Secretary Granholm, said, “The Energy Earthshots are an all-hands-on-deck call for innovation, collaboration and acceleration of our clean energy economy by tackling the toughest remaining barriers to quickly deploy emerging clean energy technologies at scale.

“First up: Hydrogen Shot, which sets an ambitious yet achievable cost target to accelerate innovations and spur demand of clean hydrogen. Clean hydrogen is a game changer. It will help decarbonise high-polluting heavy-duty and industrial sectors, while delivering good-paying clean energy jobs and realising a net-zero economy by 2050.”

By cutting the cost of hydrogen, the DOE hopes it can unlock a five-fold increase in demand by increasing clean hydrogen production from pathways such as renewables, nuclear, and thermal conversion – something which it believes will greatly benefit the US for a number of reasons.

Read more here.

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