July 6, 2023Energy Regulation, Markets & Enforcement, Environmental, Renewable Energy, Government Contracts, Climate Change, Sustainability, Department of Energy, Environmental, Social and Governance (ESG), Hydrogen, Energy & Infrastructure, Project Finance & Development , Projects & Energy Transition
On July 5, 2023, the U.S. Department of Energy (DOE) Office of Clean Energy Development (OCED) announced a Request for Information to inform the DOE’s efforts to design a demand-side support mechanism for its Regional Clean Hydrogen Hubs Program (H2Hubs). Information obtained through this process will support a future Broad Agency Announcement (BAA) entitled “Implementing Entity (or Entities) for Demand-side Support Mechanism for Clean Hydrogen Hub Projects” that the DOE expects to issue later this summer/early fall. The DOE ultimately intends to commit up to $1 billion to fund entities implementing a demand-side support mechanism to “facilitate bankable clean hydrogen demand” for the H2Hubs to “enable private sector financing and expedite progress to Final Investment Decision for H2Hubs.” This follows the $6-7 billion commitment the DOE initially announced in 2022 for the H2Hubs.
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