750 million dollars to develop green hydrogen

The US Department of Energy (DOE) will release $750 million to support the development of green hydrogen in the US.

This funding provided under the Bipartite Law on Infrastructures (BIL) will make it possible to reduce the costs of technologies linked to this new type of energy. In particular, it will focus on the development of innovative and affordable manufacturing techniques for green hydrogen.

The government’s program, which will run until 2026, will also include funding for national laboratories, small business research projects and other research focused on the economics of green hydrogen production in the United States.

The various projects funded under this initiative will be managed by HFTO, DOE’s Office of Hydrogen and Fuel Cell Technologies. They will be carried out in accordance with the ministry’s roadmap, which aims to produce 10 MTM (million tonnes) of green hydrogen per year by 2030, 20 MTM per year from 2030 to 2040 and 50 MTM per year from 2040 to 2050.

The DOE program will specifically target the following objectives:

  • Reduce the cost of green hydrogen produced by electrolysis to less than $2 per kg by 2026.
  • Develop new technologies and manufacturing techniques for the production and use of green hydrogen. This point particularly concerns electrolysers and fuel cells.
  • Develop innovative solutions that allow reuse and recycling of green hydrogen technologies.

Along with regional green hydrogen hubs and Cut Inflation Act tax incentives, this ambitious program should see the DOE reach its goal of $1 per kg of green hydrogen within a decade.” said the US Department of Energy in its press release.

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