INSIGHTSSERIES
Power & Utilities | Smart Grid
May 20, 2024
U.S. Energy Department Advances Actions to Jumpstart Emerging Clean Hydrogen Industry
Recent developments reflect a strategic focus on the long-term advantages of a clean hydrogen economy.
Hydrogen technology continues to garner interest as an effective tool to support the progress towards net-zero emissions and decarbonize hard-to-electrify sectors. Recent developments include…Read the full report
Key Takeaways
- A multi-year plan released by the U.S. Energy Department identifies challenges to realize the full potential of clean hydrogen and fuel cells, as well as research activities to overcome them.
- A consortium, selected to bridge early demand for hydrogen, will help develop demand-side support agreements for projects affiliated with the regional hydrogen hubs, unlocking the market potential of clean hydrogen.
- New initiatives are advancing amid policy debate over proposed guidance to qualify for the production tax credits established by the 2022 Inflation Reduction Act.
