Biden awards US$7bil in federal grants for 7 regional hydrogen hubs

Officials from President Joe Biden’s administration have touted the programme as one of the biggest investments ever in US clean manufacturing.

The seven proposed hubs involving companies ranging from Exxon Mobil to Amazon were selected, with their projects spanning 16 states from Pennsylvania to California. Biden’s administration has set a target to increase clean hydrogen output to 10 million metric tonnes by 2030, and 50 million by 2050, up five-fold from today – and considers the fuel an ideal option for cutting emissions from tough-to-decarbonise industrial users like steel and cement.

The hub selections will now kick off a long process that includes multiple phases, from design and development to permitting, financing, and construction. The Texas hub, called HyVelocity, is led by major industry players, including Exxon, Chevron, Air Liquide, Mitsubishi Power Americas, Orsted, AES, and Sempra Infrastructure. Amazon is among the hub’s expected end users.

However, US hydrogen industry players are also awaiting guidance from the treasury department on how to access additional subsidies created by last year’s Inflation Reduction Act. Those rules are expected at the end of this year.

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chang: Lack of RnD funding stopping Malaysia from achieving high-tech nation status by 2030MALACCA: The lack of allocations and investors in the field of Research and Development (RnD) continues to be an obstacle to Malaysia achieving high-t...
Source: theSundaily - 🏆 25. / 51 Read more »

DaKoM 2030 sasar perolehan RM60 bilion menjelang 2025DaKoM 2030 mensasarkan perolehan sebanyak RM60 bilion pada 2025 dan RM73 bilion pada 2030 menerusi empat teras dasar dan 20 strategi.
Source: UMonline - 🏆 27. / 51 Read more »

Rapid Bus Malaysia targets 30% EV fleet by 2030, 100% electric by 2037; fleet of 100 units before 2026Rapid Bus Malaysia aims to drive the take-up of electric buses in the country with a target of having 30% of its bus fleet comprised of electric buses by 2030, growing to become fully electric …
Source: paultan - 🏆 22. / 51 Read more »

Israel pounds Gaza by air; Biden condemns 'evil' HamasJERUSALEM, Oct 11 — Israel bombed Gaza overnight ahead of a potential ground assault against Hamas while US President Joe Biden condemned the Palestinian militant group’s...
Source: malaymail - 🏆 1. / 86 Read more »

Biden desak Israel ikut peraturan perangBiden desak Israel ikut peraturan perang
Source: UMonline - 🏆 27. / 51 Read more »

Biden eyes adding AI chip curbs to Chinese companies abroadNEW YORK, Oct 13 — The Biden administration is considering closing a loophole that gives Chinese companies access to American artificial intelligence (AI) chips through units...
Source: malaymail - 🏆 1. / 86 Read more »