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DOE closes on $504M loan guarantee for world’s largest clean hydrogen and energy storage project

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million loan guarantee to the Advanced Clean Energy Storage project in Delta, Utah (ACES Delta)—marking the first loan guarantee for a new clean energy technology project from DOE’s Loan Programs Office (LPO) since 2014. Rendering of Advanced Clean Energy Storage salt cavern.

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Deloitte forecasts clean hydrogen market to hit US$1.4T per year by 2050

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In a new report , Deloitte forecasts that the clean hydrogen market will top the value of the liquid natural gas trade by 2030 and grow further to US$1.4 To achieve climate neutrality by 2050, the clean hydrogen market capacity can grow to 170 million tons (MtH 2 eq) in 2030 and to 600 MtH 2 eq in 2050. trillion per year by 2050.

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DOE awards $20M to project to produce clean hydrogen from nuclear power

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The US Department of Energy (DOE) is awarding $20 million in funding to a project to demonstrate technology that will produce clean hydrogen energy from nuclear power. This approach will allow clean hydrogen to serve as a source for zero-carbon electricity and represent an important economic product for nuclear plants beyond electricity.

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DOE awards $125M to bring clean energy technologies to market

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The US Department of Energy (DOE) is awarding a total of $125 million to support 110 clean energy technology projects (DE-FOA-0002381). New CO 2 reduction processes are required to efficiently convert biogas, biomass and stored CO 2 to usable fuels. million, and two potential follow-on awards of up to $1.1 million each.

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EU investing €1.8B in 17 large-scale clean tech projects

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billion in 17 large-scale innovative clean-tech projects with a third round of awards under the Innovation Fund. emissions coming from exhaust gases produced during lime production and store them permanently in offshore geological formations in France. The EU is investing more than €1.8 A third project will capture the CO?

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IEA: time to tap into hydrogen’s potential to play a key role in a clean, secure and affordable energy future

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In a major new report on hydrogen, the International Energy Agency says that the time is right to tap into hydrogen’s potential to play a key role in a clean, secure and affordable energy future. The world should not miss this unique chance to make hydrogen an important part of our clean and secure energy future. —Dr Birol.

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Hydro-Québec will support the clean hydrogen sector in Québec

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Hydro-Québec’s Strategic Plan 2020–2024 outlines five applications for clean hydrogen: Ammonia and methanol production. The company’s energy reserves are stored in its 28 large reservoirs, which can accumulate 176 TWh. Heating buildings. Road and trail transportation. Carbon-netural synthetic hydrocarbon fuels. Renewable natural gas.

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