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PA Hydrogen Hubs Among Winners Of $7B In Grants

Hydrogen hubs

The Reuters News Agency is reporting that a pair of hydrogen hub projects in Pennsylvania will receive part of the $7 billion in U.S. federal grants that will be announced on Friday.

President Joe Biden will visit Philadelphia and announce the winners of the Department of Energy’s federal dollars. The funds would put America on a path to produce 50 million metric tons of clean hydrogen fuel by 2050, a key part of its plan to decarbonize the U.S. economy by mid-century.

Designed to incentivize producers, infrastructure owners and offtakers to work together, the funds hope to allow the development of a much-needed hydrogen value chain — allowing them to attract financing, actually build their projects and decarbonize some of the country’s most polluting sectors.

The awards, taken together, mark a huge victory for Pennsylvania, a battleground state that will help decide whether Biden returns to the White House in 2024.

The Mid-Atlantic Clean Hydrogen Hub that involves parts of Pennsylvania, Delaware and New Jersey will receive a $750 million grant, according to the sources familiar with the forthcoming announcement.

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