US Department of Energy's Latest Report Accelerates Clean Hydrogen Liftoff
Key Ideas
- The US Department of Energy released an updated report on pathways for commercial liftoff for clean hydrogen, highlighting rapid growth in the clean hydrogen market.
- Historic commitments like the Infrastructure Investment and Jobs Act's Regional Clean Hydrogen Hubs and the Clean Hydrogen Production Tax Credit are accelerating the clean hydrogen market.
- The report discusses significant investments, including a $1.04 billion commitment to a natural gas pyrolysis project, a $504.4 million loan guarantee to an electrolysis and energy storage facility, and a $1.66 billion loan guarantee for electrolysis projects with Plug Power.
- The report is the fifteenth installment in the Pathways to Commercial Liftoff series, combining data from federal agencies and private sector insights to develop a roadmap for full-scale deployment of clean energy technologies.
The U.S. Department of Energy released an updated report on Pathways to Commercial Liftoff for Clean Hydrogen, building on the previous Clean Hydrogen report from March 2023. The report highlights the rapid growth of the clean hydrogen market in the US, driven by commitments like the Regional Clean Hydrogen Hubs and the Clean Hydrogen Production Tax Credit. Significant investments, including billion-dollar commitments to projects with Monolith, Mitsubishi Power Americas, Magnum Development, Haddington Ventures, and Plug Power, are accelerating clean hydrogen deployment. The report, part of a series developed with stakeholder engagement and system modeling, aims to provide a roadmap for transformative clean energy technologies' full-scale deployment. Stakeholders can contribute feedback via email to liftoff@hq.doe.gov.