This week the US Department of Energy (DOE) released its Hydrogen Program Plan which outlines future research, development, and demonstration activities of hydrogen in the United States. The roadmap report concludes that by 2050, the U.S. hydrogen economy could lead to an estimated $750 billion per year in revenue and a cumulative 3.4 million jobs.
To further research and development, funding opportunities are available to selected industry, university, national laboratory, and other private-sector projects. In the last 20 years, DOE has invested over $4 billion programs that have research into electrolysis, gasification and turbines, and other diverse fuel cell technologies. With the collaboration of many different organizations, the hydrogen industry will go far.
“Hydrogen is an exciting fuel source that has the potential to integrate our nation’s energy resources, but to fully recognize its potential across the economy, we need to lower costs and see a significant increase in hydrogen supply and demand. This administration is excited by the Department-wide efforts and collaborations outlined in this Plan that will address these issues and help secure hydrogen as an option in the nation’s energy future,” noted Dan Brouillette, the U.S. Secretary of Energy.
To make these plans a reality, multiple offices within the DOE are working together to develop new technologies and make hydrogen more affordable and easier to transport/store as it’s adopted into different sectors of the economy. The Plan identifies some of the key benefits of increased hydrogen production. Hydrogen along with fuel cells enable remote and portable power. It also can be used for gigawatt-hours of energy storage increasing the utilization of power generators.
Here at Power Innovations, we are passionate about delivering reliable, clean power wherever it’s needed. The Department of Energy’s commitment to greater hydrogen expansion aligns with our vision for a safer, more prepared, and greener future. We look forward to working together to create a new hydrogen future.
Learn more about the Hydrogen Program Plan.