California Receives $30m Federal Funding for Regional Clean Hydrogen Hub Development
Key Ideas
- California receives the first $30m instalment of federal funding from the US DOE for the development of its regional clean hydrogen hub.
- The Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES) hub in California has signed a $12.6bn agreement with the DOE for hub construction.
- ARCHES has secured $11.4bn of public and private funding in addition to the $1.2bn from the DOE to expand clean energy infrastructure in the state.
- The overall funding of $12.6bn aims to support the development and expansion of clean hydrogen systems in California.
California has received the initial $30m payment from the US Department of Energy (DOE) as part of the federal funding allocated for the development of its regional clean hydrogen hub, known as the Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES) hub. This funding comes after California was chosen to receive a total of $1.2bn for the H2Hub project back in October. The agreement between ARCHES and the DOE amounts to $12.6bn and is dedicated to constructing the hub. In addition to the $1.2bn from the DOE, ARCHES has reported that $11.4bn in combined public and private funds have been pledged to facilitate the establishment and expansion of clean energy infrastructure throughout the state. The funding will play a crucial role in advancing the development of clean hydrogen systems within California, contributing to the state's efforts in promoting sustainable and renewable energy sources.