January 4, 2023 – Engineering News Record
First Shortlist Selected in $7B Hydrogen Hub Funding Competition
By Mary B. Powers, Debra K. Rubin
DOE said its encourage or discourage notifications to applicants were meant to caution them from spending resources to develop a full application of a concept unlikely to meet hydrogen hub program goals.
DOE divided the full program funding into four phases of competition that will result in “go/no-go” decisions, it said. The first phase includes planning and analysis to ensure the proposal is technologically and financially viable. Phase 2 will finalize engineering design, labor agreements and more.
The 2022 Inflation Reduction Act, enacted in August, also provides tax credits for new hydrogen production capacity investment, which are “generous enough to spur announcements for at least an initial round of multibillion-dollar projects,” says Housley Carr, an energy sector analyst at consultant RBN Energy.
Read the full article here: https://www.enr.com/articles/55689-first-shortlist-selected-in-7b-hydrogen-hub-funding-competition