Funding Hydrogen

A bipartisan group of California lawmakers is calling on the Trump administration to preserve $1.2 billion in federal funds for a hydrogen energy project to help wean the state off planet-warming fossil fuels. The action follows reports in The Times and other news organizations that the administration is poised to defund nearly 300 Department of Energy projects across the country, including four of...

PITTSBURGH — On July 31, the federal government announced $30 million of funding for the Appalachian Regional Clean Hydrogen Hub, or ARCH2, which plans to create hydrogen from natural gas and other sources.ARCH2 is one of seven planned, federally funded hydrogen hubs across the country, and one of two (along with the Gulf Coast hub) that will rely primarily on fossil fuel sources rather than...

Key Insights:Plug Power Inc. secures a $1.66 billion loan from the U.S. Department of Energy. Analyst price targets suggest significant potential upside from current levels. GuruFocus estimates indicate substantial future value for the stock.Plug Power Inc. (PLUG, Financial) has taken a significant step in the green hydrogen sector by securing a $1.66 billion loan guarantee from the U.S. Department of...

A North East project has been shortlisted for the Government's hydrogen funding.Lhyfe, a producer of renewable hydrogen, has said its proposed site in Wallsend, North Tyneside, has made it through to the next round of the Government's Hydrogen Allocation Round 2 (HAR2).The system aims to support the production of renewable or low-carbon hydrogen.The Wallsend site and a site in Kent will supply hydrogen...

Jorgo Chatzimarkakis, CEO of Hydrogen Europe, EUSEW’s partner organisation, discusses Europe’s role in the global energy transition and the importance of investment in clean hydrogen sources. “The best time to plant a tree was 20 years ago. The second-best time is now.” In a world driven by short-term thinking and instant gratification, this timeless adage rings true. In the context of the...

Amid the European Union’s ambitious push to scale up clean hydrogen—and a €7 billion green hydrogen partnership announced yesterday by France and Egypt—Greece is turning away European funds related to the clean energy source, according to Hydrogen Europe’s latest quarterly report.The Hydrogen Europe Quarterly Q1 2025 reveals that Greece has not allocated any of the funding approved for...

With the fate of federal funding in limbo, Paul Browning advises companies with ambitions to scale hydrogen to “focus on your offtake right now.” Browning, co-founding partner of Energy Transition Finance, was among several panelists at the recent World Hydrogen North America conference in Houston who emphasized the importance of securing offtake agreements to lock in financing, scale production...

Nearly 50 members of Congress signed a letter Monday imploring the Energy Department to maintain funding for hydrogen hubs after reports of impending cuts.“As the administration evaluates existing energy investments and pathways to make energy affordable, we respectfully urge you to continue supporting the Alliance for Renewable Clean Hydrogen Energy Systems Hub in California,” said the letter,...

Centrica has welcomed the government’s announcement that two of its hydrogen initiatives have been shortlisted as part of Hydrogen Allocation Round 2 (HAR2), marking a significant step forward in the UK’s decarbonisation journey.Among the shortlisted schemes is the Singleton Birch Green Hydrogen project, which involves Centrica constructing and operating a 7.5MW electrolytic hydrogen facility next...

Trump Admin Mulls Plan to Slash DAC, Hydrogen Hub Funding  energyintel.com Source link...