The U.S. Department of Energy (DOE) is providing more funding opportunities for the hydrogen and clean energy sector. DOE announced on August 23rd a $40 million financing towards the development and deployment of clean hydrogen technologies.
To further decarbonize the grid, it is also launching a $20 million university research consortium to help states and Tribal communities successfully implement grid resilience programs to achieve decarbonization.
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The funding towards the advancement of clean hydrogen aims to lower its costs and leverage industry investments in clean technologies. The government department is working to accomplish President Biden’s goal of a net-zero carbon economy by 2050 that prioritizes historically disadvantaged communities.
The Department of Energy wants to achieve the Hydrogen Shot goal that targets reducing the cost of clean hydrogen to 1 dollar per 1 kilogram in 1 decade (“1 1 1”).
The investment also supports DOE’s H2@Scale initiative that tries to advance affordable production, transport, storage, and utilization of clean hydrogen to enable decarbonization and revenue opportunities across multiple sectors.
The areas of focus for DOE include projects that develop technologies for green hydrogen, improve hydrogen-emissions detection and monitoring, demonstrate higher-density and lower-pressure hydrogen storage, lower the costs and enhance the durability of hydrogen fuel cells for medium- and heavy-duty transportation applications.
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Additionally, DOE includes three-year funding for a regionally diverse university consortium focused on developing a decarbonized and more resilient electrical power system. The consortium will be critical to addressing cross-border grid dependencies and electrical interconnections throughout the region.
The applications for both the clean hydrogen and university consortium funding will include two phases: a concept paper and a full application. Concept papers are due on September 23, 2022, and full applications – on December 1, 2022. For further information on how to apply, please follow this link.
