Biden Administration Accelerates Clean Hydrogen Investment with $750 Million Funding

The Biden Administration is providing $750 million in federal grants to support the production of electrolyzers and fuel cells, advancing the use of carbon-free hydrogen. Companies such as Plug Power, General Motors, and Cummins are set to benefit from this initiative, aiming to scale up production and promote clean energy. The program aims to reduce the cost of hydrogen production and collaborate with companies to minimize greenhouse gas emissions. With the potential to produce 14 gigawatts of fuel cells and 10 gigawatts of electrolyzers each year, this funding reinforces clean hydrogen as a key component of the United States' energy and climate strategy.