Hydrogen Hubs Could See Funding Slashed: Report

The U.S. outlook for low-carbon hydrogen was bright and sunny just a year or two ago, with billions in federal funding and policy support, but to no one’s surprise, things have darkened considerably this year. Several clean-energy initiatives have faced resistance from Republicans in Washington, with the budget reconciliation bill currently making its way through Congress on track to produce the most significant changes yet. In today’s RBN blog, we’ll look at how the bill could dramatically scale back the 45V tax credit for hydrogen production and deal a mighty blow to dozens of projects under development. 

If you’re vying for billions in federal dollars, a predictable selection process with measurable criteria is probably what you’re hoping to see. And while there was much speculation about what projects would be ultimately picked for the Department of Energy’s (DOE) regional clean hydrogen hubs initiative, H2Hubs, the selections made October 13 included no curve balls and matched the agency’s previous guidance. In today’s RBN blog, we’ll look at the selections and how they fit into the DOE’s stated criteria.