US Weighs $1 Billion Hydrogen Demand Program to Boost Industry

July 5, 2023, 10:00 AM UTC

The Energy Department would spend $1 billion to boost demand for clean hydrogen under a new plan to provide initial revenue for the first large-scale producers and provide certainty for potential buyers.

The department plans to issue a notice of intent Wednesday that explores an initiative to make demand-side commitments to hydrogen producers as part of its much-anticipated $8 billion regional hydrogen hub program launched last September.

The notice, shared in advance with Bloomberg Law, seeks answers to seven questions about how to implement the program and about the best mechanisms to strengthen demand for hydrogen. ...

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