HyVelocity Hub Secures $1.2 Billion to Expand Clean Hydrogen Infrastructure in Texas and the Gulf Coast
Key Ideas
- HyVelocity Hub receives up to $1.2 billion from the U.S. Department of Energy to build low-carbon hydrogen infrastructure, potentially creating 45,000 jobs and reducing carbon dioxide emissions by 7 million metric tons annually.
- The hub aims to become the largest hydrogen hub in the nation, leveraging existing Gulf Coast assets for hydrogen production to power various industries and marine shipping fuel.
- Industry partners like AES, Air Liquide, Chevron, ExxonMobil, MHI Hydrogen Infrastructure, and Ørsted express pride in contributing to the project and recognizing the region's potential for clean energy expansion.
- Organizing partners from GTI Energy, University of Texas at Austin, and Houston Advanced Research Center highlight the importance of collaboration, economic growth, community engagement, and the positive impact of hydrogen deployment on local communities.
The HyVelocity Hub in Houston, Texas, has secured a cooperative agreement with the U.S. Department of Energy's Office of Clean Energy Demonstrations, receiving up to $1.2 billion in federal funding to develop low-carbon hydrogen infrastructure in Texas and the Gulf Coast. Initially, $22 million will kickstart the project, which aims to create 45,000 jobs and cut down carbon dioxide emissions by seven million metric tons annually. The investment will enhance energy security in the Gulf Coast region and promote the benefits of clean hydrogen while providing high-quality job opportunities.
HyVelocity Hub plans to establish itself as the largest hydrogen hub in the U.S., utilizing the expertise of its leaders to advance hydrogen production and distribution across industries like fuel cell electric trucks, ammonia production, refining, and marine shipping fuel. The project builds on the region's existing hydrogen assets to drive the development of clean hydrogen.
Industry partners such as AES, Air Liquide, Chevron, ExxonMobil, MHI Hydrogen Infrastructure, and Ørsted are enthusiastic about contributing to the initiative, recognizing the potential for expanding low-carbon energy solutions in the Gulf Coast. These partners emphasize the importance of collaboration and value chain connectivity in scaling up hydrogen production.
Organizing partners GTI Energy, University of Texas at Austin, and Houston Advanced Research Center underline the significance of collaboration in driving economic growth and community benefits through the establishment of a regional hydrogen economy. They stress the importance of community engagement and involvement to ensure that the deployment of low-carbon hydrogen brings about positive impacts on health, economics, and social well-being in communities.
Topics
Production
Clean Energy
Energy Security
Job Creation
Economic Growth
Industry Collaboration
Federal Funding
Latest News