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The U.S. Department of Energy said Wednesday it is offering $750 million for research, development and demonstration efforts to slash the cost of clean hydrogen.
The funding is part of a $1.5 billion effort to advance electrolysis technologies and improve manufacturing and recycling capabilities for hydrogen and fuel cells.The Biden administration aims to cut the cost of hydrogen produced from emissions-free electricity to $1 per kilogram within a decade, down from around $5/kg today.
The just-released funding opportunity specifically aims to improve the efficiency, increase the durability and cut the cost of producing clean hydrogen from water using electrolyzers to less than $2/kg by 2026.
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