The US Department of Energy (DOE) reported plans to grant USD 750 million in funding to 52 projects across 24 US states as part of the 2021 Bipartisan Infrastructure Law.
The projects are focusing on a range of solutions for the hydrogen industry, including research and development on the production of electrolyzers, securing supply chains for the machines, and recycling critical materials used in hydrogen production, such as iridium.
These projects can potentially boost US electrolyzer manufacturing capacity from 1–2 GW per year to 10 GW, which is enough to produce an additional 1.3 million tonnes of clean hydrogen annually.
Analyst QuickTake: This funding follows the US DOE's investment of USD 7 billion in October 2023 to create seven Regional Clean Hydrogen Hubs (H2Hubs) nationwide, as part of President Joe Biden's Investing in America agenda. The seven H2Hubs will form a national clean hydrogen network, promoting production, storage, and delivery. These H2Hubs are expected to reduce annual emissions equivalent to those of 5.5 million gasoline-powered vehicles and to collectively produce 3 million metric tons of hydrogen annually.
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