Biden-Harris Administration Announces Awards for Up to $2.2 Billion for Two Regional Clean Hydrogen Hubs

Department of Energy Announces Initial Funding Tranches for Gulf Coast Clean Hydrogen Hub

Energy.gov | November, 20 2024

The U.S. Department of Energy's (DOE's) Office of Clean Energy Demonstrations (OCED) recently announced the first tranches of funding for the Gulf Coast Hydrogen Hub and Midwest Hydrogen Hub, two of the seven Regional Clean Hydrogen Hubs(H2Hubs) unveiled in late 2023.

OCED awarded the Gulf Coast Hydrogen Hub—led by HyVelocity (HyV)—with $22 million of the total project federal cost share of up to $1.2 billion to begin Phase 1 of the project plan. 

By creating a balanced portfolio of producers and consumers, the Gulf Coast Hydrogen Hub plans to leverage the Gulf Coast region's abundant renewable energy and natural gas supply to drive down the cost of hydrogen—a crucial piece to achieving market liftoff. Through its core projects, the HyV proposes to produce clean hydrogen from both water through electrolysis and from natural gas while utilizing carbon capture and storage. These proposed investments in clean hydrogen aim to catalyze regional decarbonization solutions and contribute to lifting off the U.S. national clean hydrogen network. This H2Hub is expected to create approximately 45,000 direct jobs over the project's lifetime. View HyV's project and community benefits fact sheets.

Learn more about OCED, the H2Hubs, and additional engagement opportunities.