"It's either going to be a breakthrough or a massive distraction," Seth Monteith, a strategist at ClimateWorks, said in an interview.
To disperse $8 billion of funding from the infrastructure law, the Energy Department is sifting through bids it has received from coalitions of states, businesses, universities and research institutions to build a network of so-called "hydrogen hubs" — facilities to demonstrate the budding technology is useful.
The department said it will fund six to 10 hubs, with announcements expected this year. DOE received 79 proposals and stopped accepting new submissions in early April.
Separately, the IRS is writing rules to implement the tax credits — provisions that expire in 2032 — from the 2022 budget reconciliation law for the production of hydrogen made from renewable electricity.
Unlike fuel sources like wind, solar, oil, natural gas or nuclear, hydrogen needs to be made, and the vast majority — about 98 percent — is made today with fossil fuels, meaning an uptick in hydrogen production and use won't make climate sense if it's still made with fossil energy.
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April 20, 2023 at 05:05PM
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Hydrogen energy gets ready for its close-up as US funds flow - Roll Call
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