Biden Will Award $7 Billion for Hydrogen Hubs Across the US.
President Joe Biden is set this week to announce as much as $7 billion in funding for hydrogen projects across the country as part of a competition to jump-start production of the clean-burning fuel in the US, according to people familiar with the matter.
The funding for so-called hydrogen hubs, where the gas can both be produced and used, is intended to highlight its potential as carbon-free fuel to run factories and power plants. The amount of hydrogen produced in the US could surge to 10 million metric tons by 2030, according to a report released earlier this year by the Energy Department.
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Biden Will Award $7 Billion for Hydrogen Hubs Across the US. source
