Gulf Coast Hydrogen Hub Officially Launches – US Department of Energy to award up to $1.2 billion to deliver low carbon hydrogen and benefits to Texas and Gulf Coast communities
The HyVelocity Hub has executed a cooperative agreement with the U.S. Department of Energy’s (DOE) Office of Clean Energy Demonstrations (OCED) to receive up to $1.2 billion in federal funding to build and expand low-carbon hydrogen and hydrogen infrastructure across Texas and the Gulf Coast.
Kicking off with about $22 million in the first tranche of federal funding, HyVelocity could create up to 45,000 jobs over its lifetime and reduce carbon dioxide emissions by up to seven million metric tons per year. This transformative federal investment will expand Gulf Coast energy resources, ensuring energy security and the benefits of clean hydrogen and high-quality jobs for communities.
HyVelocity aims to become the largest hydrogen hub in the nation. With its leaders contributing decades of experience and competency in low-carbon energy deployment, HyVelocity is positioned to catalyze production and delivery of hydrogen across the value chain, and create real, meaningful impacts for communities. The hub will leverage the Gulf Coast region’s high concentration of existing hydrogen production and end-use assets to develop clean hydrogen that can power fuel cell electric trucks, industrial process, ammonia production, refining and petrochemical production, and marine shipping fuel.
This award follows HyVelocity’s selection last October as one of seven awardees of OCED’s Regional Clean Hydrogen Hubs – which catalyzed a national network of clean hydrogen producers, consumers, and connective infrastructure. Read more in the statements from HyVelocity Hub leadership below:
Industry partners
Neeraj Bhat, Head of U.S. Hydrogen, AES, said:
Building a clean hydrogen market is key to support a sustainable energy future.
“The HyVelocity Hub is strategically positioned in a critical geography to lead this transformation by leveraging existing infrastructure to expand low-carbon hydrogen development, Our project will utilize renewable energy to produce clean hydrogen for industrial use along the U.S. Gulf Coast. We are proud to drive energy innovation and support the region’s long-term economic and environmental goals.”
Laura Parkan, Vice President of Hydrogen Energy & Mobility, North America, Air Liquide, said :
As a founding member of the HyVelocity Hub, we are proud to reach this milestone, laying the groundwork for a robust and thriving hydrogen ecosystem in the Gulf Coast,
“Air Liquide recognizes the region’s vast potential, which is reflected in two projects that offer sustainable and scalable solutions to drive energy expansion and support long-term growth.”
Austin Knight, Vice President, Chevron New Energies for Hydrogen, said :
Chevron is proud to be a founding member of the HyVelocity Hub to advance lower carbon energy progress in the Gulf Coast region,
“We believe partnering and helping to connect value chains are key components to make hydrogen happen at scale.”
Dan Holton, Senior Vice President of ExxonMobil Low Carbon Solutions, said:
We’re pleased to be part of HyVelocity and look forward to continued collaboration with our partners from industry, academia, and government to help advance the low-carbon hydrogen industry,
“DOE’s support is a key enabler in developing this emerging market, and this award marks an important step in that direction.”
Mike Ducker, President & CEO, MHI Hydrogen Infrastructure, said :
The launch of the HyVelocity Hub is a landmark achievement in our global effort to advance sustainable energy solutions,
“We are honored to partner in this initiative, which will not only drive innovation in low-carbon hydrogen production but also create significant economic opportunities and environmental benefits for Gulf Coast communities. Our involvement in the HyVelocity hub highlights our commitment to supporting the global transition to clean energy and leverages our expertise to contribute to a more sustainable and resilient energy system worldwide.”
Tommy Gerrity, Head of P2X Americas, Ørsted, said :
Alongside our HyVelocity partners, Ørsted is thrilled to receive the award funding from the Department of Energy as the Hub launches the Gulf Coast clean hydrogen economy,
“Star e-Methanol, our green hydrogen and e-methanol project, will help diversify our energy economy, create well-paying jobs across Texas, and advance decarbonization of the maritime sector.”
READ the latest news shaping the hydrogen market at Hydrogen Central
Gulf Coast Hydrogen Hub Officially Launches – US Department of Energy to award up to $1.2 billion to deliver low carbon hydrogen and benefits to Texas and Gulf Coast communities, source
