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The U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) announced on January 17th the selection…
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Around 25 million metric tons of CO2 is expected to be cut from end-uses each year.Relevant: Biden Announces The Seven Hydrogen Hubs To Receive $7B In Public FundingThe consortium formed by DOE is expected to design and implement demand-side support mechanisms for unlocking the market potential of the H2Hubs. It consists of the EFI Foundation in partnership with S&P Global, and Intercontinental Exchange (ICE). To unlock the hydrogen potential in the regions, the DOE and the consortium will collaborate over the next six to nine months to design measures to facilitate purchases of clean hydrogen produced by H2Hub-affiliated projects. The team will also develop an operational plan for how to administer these mechanisms.Relevant: DOE To Boost US Hydrogen Market With $1 Billion InvestmentThe seven hubs spread across the country will receive between $400m and $1.25bn of federal funding support. The consortium will also lay the foundation for broader private sector off-take by providing price transparency and standardized contracts for the projects it supports.More information about the hubs selected can be found here. 0 0 0 EFI FoundationIntercontinental ExchangeS&P Globalus department of energyLeave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment *Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ View Comments (0)Subscribe to Our Weekly Newsletter Get the Latest News About the Carbon Industry Subscribe By checking this box, you confirm that you have read and are agreeing to our terms of use regarding the storage of the data submitted through this form. Search Recent Posts DOE Announces Consortium To Support The Regional Clean Hydrogen Hubs January 19, 2024 CDR.fyi Releases Carbon Removal Buyers And Suppliers Surveys’ Results January 19, 2024 MHI And KEPCO To Test New CO2 Capture Pilot Plant At Japan Power Station January 18, 2024 MCi Carbon Announces New CO2 Capture & Utilization Plant In Austria January 18, 2024 Warren East Appointed As Chair Of C-Capture January 18, 2024Social Links LinkedIn Twitter Facebook Related Posts Read More CaptureCompaniesMHI And KEPCO To Test New CO2 Capture Pilot Plant At Japan Power Station Mitsubishi Heavy Industries, Ltd. 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