The U.S. Energy Department is awarding the first-ever funds to research labs, universities and private companies to develop ways to turn naturally occurring underground hydrogen into a new source of clean power.in underground pockets across the U.S. could be a vast source of carbon-free energy. To help make that happen, the Energy Department announced Thursday that it’s awarding research grants to top U.S.
Recipients include the Lawrence Berkeley, Lawrence Livermore and Los Alamos national laboratories, the Colorado School of Mines, MIT, the University of Southern California, the University of Texas and Texas A&M., one of just four private companies getting grants, has raised more than $100 million from investors including Bill Gates’ Breakthrough Energy Ventures and is moving quickly to be the first to drill for underground hydrogen.
“We share the DOE's view that this technology presents a tremendous opportunity to produce low cost, low carbon, domestically-sourced hydrogen,” said Pete Johnson, Koloma’s CEO. “We're excited to work with the agency on this crucial area of development.”
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