Advancing clean hydrogen is essential to achieving a strong clean energy economy that strengthens energy security, bolsters domestic manufacturing, creates healthier communities, and delivers new jobs and economic opportunities across the nation. The announcement is part of the third installment of the Investing in America tour, during which President Biden will travel to Philadelphia, Pennsylvania to announce the historic investment in manufacturing and jobs.
The seven selected regional clean hydrogen hubs will catalyze more than $40 billion in private investment and create tens of thousands of good-paying jobs – bringing the total public and private investment in hydrogen hubs to nearly $50 billion. Roughly two-thirds of total project investment are associated with green (electrolysis based) production, within the hubs. Several of the hubs were developed in close partnerships with unions, with three requiring project labor agreements (PLAs). In addition to job creation and creating healthier air for communities, the hydrogen selected hubs are committed to robust Community Benefit Plans to ensure local priorities are at the forefront and all communities share in the benefits of the clean energy transition.
Collectively, the hubs aim to produce more than three million metric tons of clean hydrogen per year, thereby achieving nearly one third of the 2030 U.S. clean hydrogen production goal. Together, the seven Hydrogen Hubs will eliminate 25 million metric tons of carbon dioxide emissions from end uses each year—an amount roughly equivalent to combined annual emissions of over 5.5 million gasoline-powered cars. The nearly $50 billion investment is one of the largest investments in clean manufacturing and jobs in history.
Clean hydrogen can reduce emissions in many sectors of the economy and is especially important for hard-to-decarbonize sectors and industrial processes, such as heavy-duty transportation and chemical, steel, and cement manufacturing. Targeted investments in these areas can help reduce costs, make new breakthroughs, and create jobs for American engineers, manufacturing workers, construction workers, and others.
In the fewer than three years since taking office, President Biden’s leadership to reinvigorate the American economy and tackle the climate crisis has boosted U.S. manufacturing and deployment of cost-cutting clean energy technologies. The President is delivering on his day one promise by positioning the United States to achieve our ambitious goals of onshoring production of clean technologies and creating good-paying union jobs.
The hubs selected for negotiation include:
President Biden’s Bipartisan Infrastructure Law includes $65 billion in clean energy investments at the Department of Energy (DOE), including $8 billion for a Regional Clean Hydrogen Hubs Program to support the development of hubs for clean hydrogen production, delivery, and end-use.