The DOE will select six to 10 regional hydrogen hubs with a preferred DOE investment for each hub in the range of $500 million to $1 billion with 50 percent of the amount funded by outside sources.” The FOA stated, “This $8 billion effort will catalyze investment in the development of H2Hubs that demonstrate the production, processing, delivery, storage and end-use of clean hydrogen, in support of the Biden administration’s goal to achieve a carbon-free electric grid by 2035 and a net zero emissions economy by 2050. On September 22, 2022, the DOE released its Funding Opportunity Announcement (FOA) to solicit Regional Clean Hydrogen Hubs (H2Hubs) under the Infrastructure Investment and Jobs Act (IIJA), also known as the Bipartisan Infrastructure Law (BIL). Department of Energy (DOE) has approved the Concept Paper of MMEX Resources Corp., sponsor of the Trans Permian H2Hub, to advance to the final application stage under the guidance for funding clean hydrogen infrastructure.
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