Growing the Hydrogen Economy in the U.S.: An Exploration of Hydrogen Hubs
Tuesday, September 12, 2023
11:00 AM – 12:00 PM PDT
Location: Titian 2305, Level 2, The Venetian
Learning Level: 201: Applies to those with some experience who are looking to build on or enhance existing knowledge.
The passage of the Infrastructure Investment and Jobs Act in late 2021 laid the groundwork for the development of hydrogen hubs across the U.S., resulting in 79 applicants pursuing a portion of the $8 billion in DOE funding. In April, more than 30 applications were encouraged to move ahead in the application process and negotiations will likely begin in the fall 2023 for six-to-ten hubs. Whether or not funded by DOE, it is expected that several hubs will emerge naturally, with many relying on the hydrogen production tax credit in the Inflation Reduction Act and other funding provided in the IIJA and the IRA to accelerate their development. This session will discuss the some of the key challenges in developing hydrogen ecosystems and the regional efforts and resources that increase the likelihood of hubs emerging nationwide.
Understand the significance of the Infrastructure Investment and Jobs Act in fostering the development of hydrogen hubs across the United States, including the allocation of $8 billion in DOE funding and the application process for prospective hubs.
Explore the progress made in the application process, with over 30 applications advancing and negotiations expected to commence in the fall of 2023 for a select number of hubs.
Recognize the role of funding mechanisms such as the hydrogen production tax credit in the Inflation Reduction Act and other provisions in the IIJA and IRA in accelerating the development of hydrogen hubs, both those funded by the DOE and those emerging naturally.