DOE earmarks nearly $42M to produce, store & deploy clean hydrogen, goal of $1/kg within a decade

[Caribbeans]

UtilityDrive | Stephen Singer | May 23, 2023

The U.S. Department of Energy on Monday announced nearly $42 million for about two dozen projects to produce, store and deploy clean hydrogen.

Clean hydrogen is produced with zero or next-to-zero carbon emissions and can be produced with renewables, nuclear energy and fossil fuels with carbon capture. Federal energy officials say it also can help expand clean electricity by providing a means for long-duration energy storage and offer flexibility and sources of revenue for clean power generation.

...“Today’s investments are a bold step in addressing some of our hardest to decarbonize sectors — heavy transportation and industry — by working directly with states and tribes to make hydrogen an available clean energy source,” said Energy Secretary Jennifer Granholm...

...The projects will advance DOE’s Hydrogen Shot goal of reducing the cost of clean hydrogen to $1/kg within a decade. And they will support DOE’s H2@Scale initiative that aims to expand the affordable production, transport, storage and utilization of clean hydrogen...more
https://www.utilitydive.com/news/doe-hydrogen-research-resliency-decarbonization/

What if Hydrogen = $1.00 / Kg?

A full tank of hydrogen in a Toyota Mirai or a Hyundai Nexo would cost around $6.00

$6.00 worth of hydrogen would move the Mirai/Nexo around 300-325+ miles.

Refills would take ~5 minutes.

It would be like 1955, without the smog

In the future, energy CAN be cheap and plentiful!