{"id":13141,"date":"2023-07-06T10:40:13","date_gmt":"2023-07-06T10:40:13","guid":{"rendered":"https:\/\/www.esgtoday.com\/?p=13141"},"modified":"2023-07-06T10:40:15","modified_gmt":"2023-07-06T10:40:15","slug":"biden-announces-1-billion-investment-in-clean-hydrogen-demand-side-initiative","status":"publish","type":"post","link":"https:\/\/www.esgtoday.com\/biden-announces-1-billion-investment-in-clean-hydrogen-demand-side-initiative\/","title":{"rendered":"Biden Announces $1 Billion Investment in Clean Hydrogen “Demand-Side” Initiative"},"content":{"rendered":"\n
\n <\/div>\n\n\n\n

The U.S. Department of Energy (DOE) announced today plans to invest $1 billion in a clean hydrogen demand side initiative, aimed at helping the development of Regional Clean Hydrogen Hubs (H2Hubs) and mitigating the risk of investment for clean hydrogen development projects.<\/p>\n\n\n\n

The announcement follows the release by the Biden Administration last month of its new U.S. National Clean Hydrogen Strategy and Roadmap<\/a>, aimed at significantly ramping the production, use and distribution of low carbon hydrogen for use in energy intensive industries and supporting U.S. decarbonization goals.<\/p>\n\n\n\n

Hydrogen is viewed as one of the key building blocks of the transition to a cleaner energy future, particularly for sectors with difficult to abate emissions, in which renewable energy solutions such as wind or solar are less practical.<\/p>\n\n\n\n

The development of clean hydrogen capacity, such as green hydrogen, which uses renewable energy to power the process to extract hydrogen from other materials, will require massive investments in areas including infrastructure, electrolysis, transport and storage.<\/p>\n\n\n\n

The Biden administration has set clean hydrogen as a significant component of its climate strategy, and one of its key initiatives is the development of clean hydrogen hubs, or regional networks of infrastructure-connected producers and consumers of clean hydrogen, allocating $8 billion from the Bipartisan Infrastructure Law<\/a> for this project.<\/p>\n\n\n\n

According to the DOE, the program announced today will help ensure that H2Hubs producers and users have the required market certainty in the early years of production to enable private investment. The initiative will help provide revenue certainty through mechanisms that could include pay-for-delivery contracts, offtake backstops, and feasibility funding to support analysis by offtakers, among others. The DOE has opened a request for information to gather feedback on the most effective measures to employ under the new initiative.<\/p>\n\n\n\n

U.S. Secretary of Energy Jennifer M. Granholm said:<\/p>\n\n\n\n

\n

\u201cEnsuring America is the global leader in the next generation of clean energy technologies requires all of us \u2014 government and industry \u2014 coming together to confront shared challenges, particularly lack of market certainty for clean hydrogen that too often delays progress. That\u2019s why DOE is setting up a new initiative to help our private sector partners address bottlenecks and other project impediments \u2014 helping industry unlock the full potential of this incredibly versatile energy resource and supporting the long-term success of the H2hubs.\u201d<\/p>\n<\/blockquote><\/span>","protected":false},"excerpt":{"rendered":"

The U.S. Department of Energy (DOE) announced today plans to invest $1 billion in a clean hydrogen demand side initiative, aimed at helping the development of Regional Clean Hydrogen Hubs (H2Hubs) and mitigating the risk of investment for clean hydrogen development projects. The announcement follows the release by the Biden Administration last month of its […]<\/p>\n","protected":false},"author":2,"featured_media":13142,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[36,31],"tags":[],"acf":[],"yoast_head":"\nBiden Announces $1 Billion Investment in Clean Hydrogen "Demand-Side" Initiative - ESG Today<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esgtoday.com\/biden-announces-1-billion-investment-in-clean-hydrogen-demand-side-initiative\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Biden Announces $1 Billion Investment in Clean Hydrogen "Demand-Side" Initiative - ESG Today\" \/>\n<meta property=\"og:description\" content=\"The U.S. Department of Energy (DOE) announced today plans to invest $1 billion in a clean hydrogen demand side initiative, aimed at helping the development of Regional Clean Hydrogen Hubs (H2Hubs) and mitigating the risk of investment for clean hydrogen development projects. The announcement follows the release by the Biden Administration last month of its […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.esgtoday.com\/biden-announces-1-billion-investment-in-clean-hydrogen-demand-side-initiative\/\" \/>\n<meta property=\"og:site_name\" content=\"ESG Today\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ESGToday\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-06T10:40:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-06T10:40:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/07\/DOE2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"646\" \/>\n\t<meta property=\"og:image:height\" content=\"432\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mark Segal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@EsgToday\" \/>\n<meta name=\"twitter:site\" content=\"@EsgToday\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark Segal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.esgtoday.com\/biden-announces-1-billion-investment-in-clean-hydrogen-demand-side-initiative\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.esgtoday.com\/biden-announces-1-billion-investment-in-clean-hydrogen-demand-side-initiative\/\"},\"author\":{\"name\":\"Mark Segal\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/person\/cca7a2b05e3a06d096e5740fb1433a01\"},\"headline\":\"Biden Announces $1 Billion Investment in Clean Hydrogen “Demand-Side” Initiative\",\"datePublished\":\"2023-07-06T10:40:13+00:00\",\"dateModified\":\"2023-07-06T10:40:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.esgtoday.com\/biden-announces-1-billion-investment-in-clean-hydrogen-demand-side-initiative\/\"},\"wordCount\":395,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.esgtoday.com\/#organization\"},\"articleSection\":[\"Energy Transition\",\"Government\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.esgtoday.com\/biden-announces-1-billion-investment-in-clean-hydrogen-demand-side-initiative\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.esgtoday.com\/biden-announces-1-billion-investment-in-clean-hydrogen-demand-side-initiative\/\",\"url\":\"https:\/\/www.esgtoday.com\/biden-announces-1-billion-investment-in-clean-hydrogen-demand-side-initiative\/\",\"name\":\"Biden Announces $1 Billion Investment in Clean Hydrogen \\\"Demand-Side\\\" Initiative - ESG Today\",\"isPartOf\":{\"@id\":\"https:\/\/www.esgtoday.com\/#website\"},\"datePublished\":\"2023-07-06T10:40:13+00:00\",\"dateModified\":\"2023-07-06T10:40:15+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.esgtoday.com\/biden-announces-1-billion-investment-in-clean-hydrogen-demand-side-initiative\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.esgtoday.com\/biden-announces-1-billion-investment-in-clean-hydrogen-demand-side-initiative\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.esgtoday.com\/biden-announces-1-billion-investment-in-clean-hydrogen-demand-side-initiative\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.esgtoday.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Biden Announces $1 Billion Investment in Clean Hydrogen “Demand-Side” Initiative\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.esgtoday.com\/#website\",\"url\":\"https:\/\/www.esgtoday.com\/\",\"name\":\"ESG Today\",\"description\":\"ESG investing news, analysis, research and information\",\"publisher\":{\"@id\":\"https:\/\/www.esgtoday.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.esgtoday.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.esgtoday.com\/#organization\",\"name\":\"ESG Today\",\"url\":\"https:\/\/www.esgtoday.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/05\/ESG-Today-Logo.png\",\"contentUrl\":\"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/05\/ESG-Today-Logo.png\",\"width\":618,\"height\":350,\"caption\":\"ESG Today\"},\"image\":{\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/ESGToday\/\",\"https:\/\/twitter.com\/EsgToday\",\"https:\/\/www.linkedin.com\/company\/esg-today\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/person\/cca7a2b05e3a06d096e5740fb1433a01\",\"name\":\"Mark Segal\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/68fbfd7923e36d210feb00a7621096af?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/68fbfd7923e36d210feb00a7621096af?s=96&d=mm&r=g\",\"caption\":\"Mark Segal\"},\"description\":\"Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm\u2019s head of U.S. equities. While at DCM, Mark was part of the firm\u2019s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.\",\"url\":\"https:\/\/www.esgtoday.com\/author\/mo-segal9\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Biden Announces $1 Billion Investment in Clean Hydrogen \"Demand-Side\" Initiative - ESG Today","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.esgtoday.com\/biden-announces-1-billion-investment-in-clean-hydrogen-demand-side-initiative\/","og_locale":"en_US","og_type":"article","og_title":"Biden Announces $1 Billion Investment in Clean Hydrogen \"Demand-Side\" Initiative - ESG Today","og_description":"The U.S. Department of Energy (DOE) announced today plans to invest $1 billion in a clean hydrogen demand side initiative, aimed at helping the development of Regional Clean Hydrogen Hubs (H2Hubs) and mitigating the risk of investment for clean hydrogen development projects. The announcement follows the release by the Biden Administration last month of its […]","og_url":"https:\/\/www.esgtoday.com\/biden-announces-1-billion-investment-in-clean-hydrogen-demand-side-initiative\/","og_site_name":"ESG Today","article_publisher":"https:\/\/www.facebook.com\/ESGToday\/","article_published_time":"2023-07-06T10:40:13+00:00","article_modified_time":"2023-07-06T10:40:15+00:00","og_image":[{"width":646,"height":432,"url":"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/07\/DOE2.jpg","type":"image\/jpeg"}],"author":"Mark Segal","twitter_card":"summary_large_image","twitter_creator":"@EsgToday","twitter_site":"@EsgToday","twitter_misc":{"Written by":"Mark Segal","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.esgtoday.com\/biden-announces-1-billion-investment-in-clean-hydrogen-demand-side-initiative\/#article","isPartOf":{"@id":"https:\/\/www.esgtoday.com\/biden-announces-1-billion-investment-in-clean-hydrogen-demand-side-initiative\/"},"author":{"name":"Mark Segal","@id":"https:\/\/www.esgtoday.com\/#\/schema\/person\/cca7a2b05e3a06d096e5740fb1433a01"},"headline":"Biden Announces $1 Billion Investment in Clean Hydrogen “Demand-Side” Initiative","datePublished":"2023-07-06T10:40:13+00:00","dateModified":"2023-07-06T10:40:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.esgtoday.com\/biden-announces-1-billion-investment-in-clean-hydrogen-demand-side-initiative\/"},"wordCount":395,"commentCount":0,"publisher":{"@id":"https:\/\/www.esgtoday.com\/#organization"},"articleSection":["Energy Transition","Government"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.esgtoday.com\/biden-announces-1-billion-investment-in-clean-hydrogen-demand-side-initiative\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.esgtoday.com\/biden-announces-1-billion-investment-in-clean-hydrogen-demand-side-initiative\/","url":"https:\/\/www.esgtoday.com\/biden-announces-1-billion-investment-in-clean-hydrogen-demand-side-initiative\/","name":"Biden Announces $1 Billion Investment in Clean Hydrogen \"Demand-Side\" Initiative - ESG Today","isPartOf":{"@id":"https:\/\/www.esgtoday.com\/#website"},"datePublished":"2023-07-06T10:40:13+00:00","dateModified":"2023-07-06T10:40:15+00:00","breadcrumb":{"@id":"https:\/\/www.esgtoday.com\/biden-announces-1-billion-investment-in-clean-hydrogen-demand-side-initiative\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.esgtoday.com\/biden-announces-1-billion-investment-in-clean-hydrogen-demand-side-initiative\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.esgtoday.com\/biden-announces-1-billion-investment-in-clean-hydrogen-demand-side-initiative\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.esgtoday.com\/"},{"@type":"ListItem","position":2,"name":"Biden Announces $1 Billion Investment in Clean Hydrogen “Demand-Side” Initiative"}]},{"@type":"WebSite","@id":"https:\/\/www.esgtoday.com\/#website","url":"https:\/\/www.esgtoday.com\/","name":"ESG Today","description":"ESG investing news, analysis, research and information","publisher":{"@id":"https:\/\/www.esgtoday.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.esgtoday.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.esgtoday.com\/#organization","name":"ESG Today","url":"https:\/\/www.esgtoday.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.esgtoday.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/05\/ESG-Today-Logo.png","contentUrl":"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/05\/ESG-Today-Logo.png","width":618,"height":350,"caption":"ESG Today"},"image":{"@id":"https:\/\/www.esgtoday.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ESGToday\/","https:\/\/twitter.com\/EsgToday","https:\/\/www.linkedin.com\/company\/esg-today\/"]},{"@type":"Person","@id":"https:\/\/www.esgtoday.com\/#\/schema\/person\/cca7a2b05e3a06d096e5740fb1433a01","name":"Mark Segal","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.esgtoday.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/68fbfd7923e36d210feb00a7621096af?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/68fbfd7923e36d210feb00a7621096af?s=96&d=mm&r=g","caption":"Mark Segal"},"description":"Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm\u2019s head of U.S. equities. While at DCM, Mark was part of the firm\u2019s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.","url":"https:\/\/www.esgtoday.com\/author\/mo-segal9\/"}]}},"builder_content":"","_links":{"self":[{"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/posts\/13141"}],"collection":[{"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/comments?post=13141"}],"version-history":[{"count":0,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/posts\/13141\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/media\/13142"}],"wp:attachment":[{"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/media?parent=13141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/categories?post=13141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/tags?post=13141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}