Sector News

Biden administration unveils plan to scale clean hydrogen production

July 16, 2023
Energy & Chemical Value Chain

The Biden administration last month set long-term clean hydrogen production goals as part of a plan to accelerate commercial deployment of the energy resource, which has become a critical piece of the White House’s Investing in America agenda.

The administration aims to produce 10 million metric tons of clean hydrogen per year by 2030 and 50 million by 2050, in line with its decarbonization efforts to hit net zero emissions in the same time frame.

The roadmap outlines three key priorities to achieve that goal. This includes targeting hard-to-electrify sectors where clean hydrogen will have the most impact like heavy duty transport and industrial manufacturing; reducing the cost of the resource; and cultivating regional production hubs near those high-impact user markets.

“[The Department of Energy] worked alongside our federal partners to develop the U.S. National Clean Hydrogen Strategy and Roadmap that will lay the foundation for a strong and productive partnership between the public and private sectors and will guide government and industry,” Secretary of Energy Jennifer Granholm said in a statement.

The priorities underpin the $9.5 billion earmarked for clean hydrogen through the Infrastructure Investment and Jobs Act, such as lowering its cost to encourage adoption.

In March, the Department of Energy announced $750 million for research, development and demonstration efforts to slash the cost of clean hydrogen by 80% within the decade.

The funds mark the start of executing on two of the infrastructure law’s cost-cutting provisions, which seek to advance electrolyzer technologies used to produce clean hydrogen and improve manufacturing and recycling capabilities for hydrogen materials.

“This roadmap will align the private and public sectors on a shared path to drive faster toward a cleaner, more secure energy future,” Assistant to the President and National Climate Advisor Ali Zaidi said in a statement.

Some companies, however, have already begun pursuing projects to enable more cost-effective clean hydrogen. General Motors and Norway-based manufacturer Nel teamed up in November to scale production of Nel’s new electrolyzer technology.

by Megan Ruggles

Source: manufacturingdive.com

comments closed

Related News

July 14, 2024

Europe ethylene spot prices turn firmer on demand, feedstock, looming cracker turnarounds

Energy & Chemical Value Chain

European ethylene spot prices have firmed week on week on the back of better-than-expected demand amid higher feedstock values and an increasing focus on upcoming planned cracker maintenance outages. Spot deals this week have been reported at discounts of 32-35% on the pipeline, prior deals had been at discounts of around 38-39%.

July 14, 2024

Marcel Imwinkelried appointed new Siegfried CEO

Energy & Chemical Value Chain

He will succeed Reto Suter, who has led the Siegfried Group as CEO ad interim since the departure of Wolfgang Wienand on May 1, 2024. Suter will now focus on his role as Chief Financial Officer for Siegfried. Wienand will become CEO of Swiss competitor Lonza.

July 14, 2024

Honeywell acquires Air Products’ LNG technology, business for $1.8B

Energy & Chemical Value Chain

Honeywell Inc. (Charlotte, North Carolina) has reached agreement to acquire Air Products’ (Leigh Valley, Pennsylvania) liquefied natural gas process technology and equipment business for $1.81 billion. The deal is expected to close before the end of the year. The price represents a multiple of 13 times the unit’s estimated 2024 EBITDA.

How can we help you?

We're easy to reach