Biden Awards $7 Billion For 7 Hydrogen Hubs In Climate Fight Plan
An anonymous reader quotes a report from Reuters: U.S. President Joe Biden traveled to Philadelphia on Friday to announce the recipients of $7 billion in federal grants across 16 states for the development of seven regional hydrogen hubs, advancing a key part of a plan to decarbonize the U.S. economy. The announcement of the funding to boost manufacturing and blue-collar jobs was held in Pennsylvania -- a state that could decide the 2024 presidential election -- underscoring the power Biden wields as he spends the upcoming months doling out money flowing from his landmark pieces of legislation that remain largely unknown to large swaths of the American public. The seven proposed hubs involving companies ranging from Exxon Mobil to Amazon were selected, with their projects spanning 16 states from Pennsylvania to California. The program is intended to jump-start the production of "clean hydrogen" along with the infrastructure needed to get it to industrial users like steelmakers and cement plants. "I'm here to announce one of the largest advanced manufacturing investments in the history of this nation," Biden said," He noted that the total investment will reach $50 billion when taking into account additional investments from private companies. The hub selections will now kick off a long process that includes multiple phases, from design and development to permitting, financing and construction. "It's not guaranteed that someone selected is even going to make it through negotiations and get awarded the money," said Jason Munster, who was involved in analyzing the projects for the Department of Energy and is now a hydrogen consultant at CleanEpic. The hubs selected will serve the Middle Atlantic, Appalachian, Midwest, Minnesota and Plains states, the Gulf Coast, Pacific Northwest and California. The two largest projects include $1.2 billion each for Texas and California -- the former an oil giant and the other a green energy leader.
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