But there's a long and uncertain road to the projects becoming reality.Officials hope the initiative under the bipartisan infrastructure law will eventually spur over $40 billion in private investment.
The hubs — involving corporate giants, public agencies and others — are designed to "kickstart" a national network of producers, consumers, and "connective infrastructure."DOE estimates the projects will together create tens of thousands of jobs and produce 3 million metric tons of hydrogen annually.
Use of this hydrogen could cut CO2 each year by "roughly equivalent to combined annual emissions of 5.5 million gasoline-powered cars," DOE said.that ties together efforts in West Virginia, Ohio and Pennsylvania. It aims to use the region's ample gas supplies to produce hydrogen while capturing process emissions.needs to break right. It's a phased process, starting with design, then permitting and lining up financing, and finally building projects, officials said.
And the Treasury Department is still writing heavily lobbied rules of the road for Inflation Reduction Act tax subsidies.