Funding for fossil-based hydrogen production, transport, storage, and utilisation coupled with carbon capture and storage capabilities
The Department of Energy, Office of Fossil Energy has made available USD 160 million in federal funding for progress towards net-zero carbon emissions via technologies for the production, transport, storage and utilisation of fossil-based hydrogen. Fossil fuels currently are the lowest cost solution for producing hydrogen, and as such this funding will allow for maximum economic value from fossil fuels. With carbon capture and storage technologies, low-cost hydrogen will reduce the carbon footprint and enable progress towards net-zero emissions.
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