Biden has invoked the Defense Production Act
US gives hydrogen a policy push
Loan guarantees, use of the Defense Production Act and hub funding all form part of White House deployment strategy
US efforts to accelerate green hydrogen production stepped up last week with the Biden administration taking three key steps to aid deployment. At the end of the week, the US Department of Energy (DOE) granted a $505mn loan guarantee to the Advanced Clean Energy Storage project in Delta, Utah. The facility will combine a 220MW alkaline electrolyser with two salt caverns for storage. Utah-based Intermountain Power Agency will construct an 840MW hydrogen-ready gas-fired power plant—called IPP Renewed—at an adjacent site that will initially run on a blend of 30pc green hydrogen and 70pc natural gas, rising to 100pc green hydrogen by 2045. The DOE says the loan guarantee will be the first of its
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
15 November 2024
Danish electrolyser firm stays focused on US expansion plans amid policy uncertainty in wake of Republican election victory
