Biden selects 7 hydrogen hubs across 16 states for $7 billion in US grants

President Joe Biden will announce in Philadelphia on Friday the recipients of $7 billion in federal grants for the development of regional hydrogen hubs, advancing a key part of his administration’s broader plan to decarbonize the U.S. economy.

Seven proposed hubs involving companies ranging from Exxon Mobil (XOM.N) to Amazon (AMZN.O) were selected, with their projects spanning 16 states from Pennsylvania to California. The program is intended to jump-start the production of “clean hydrogen” along with the infrastructure needed to get it to industrial users like steelmakers and cement plants.

Read more on https://www.reuters.com/business/energy/biden-selects-7-hydrogen-hubs-across-16-states-7-billion-us-grants-2023-10-13/