17/07/2024 | Press release | Distributed by Public on 18/07/2024 06:10
Jul 17, 2024
What you need to know: With agreement signed and first round of funding secured, California is the first state to officially launch a Hydrogen Hub, an initiative to accelerate the development and deployment of clean, renewable hydrogen projects - cutting pollution and expanding clean energy.
SACRAMENTO - The U.S. Department of Energy (DOE) and ARCHES announced the official signing of a landmark $12.6 billion agreement to build a clean, renewable Hydrogen Hub in California, including the up to $1.2 billion in federal funding that was announced last year when California was selected as a national hub. ARCHES is the first of seven Hydrogen Hubs throughout the country to officially sign their agreement with the DOE.
The ARCHES hub will facilitate a network of clean, renewable hydrogen production sites to cut fossil fuel use throughout California, with the ultimate goal of decarbonizing public transportation, heavy duty trucking, and port operations by 2 million metric tons per year - roughly the equivalent to annual emissions of 445,000 gasoline-fueled cars.
Governor Gavin Newsom
Just last week, California led the nation in multiple hydrogen-powered transportation innovations, with the world's first entirely hydrogen-powered ferry in San Francisco Bay and a successful 523-mile hydrogen-electric flight.
"I was proud to help secure $1.2 billion of federal investments through the Bipartisan Infrastructure Law to build a hydrogen hub right here in California," said Senator Alex Padilla (D-Calif.). "The path to achieving California's ambitious clean energy goals runs through ARCHES, and I'm excited to see the California Hydrogen Hub kickoff with this initial round of funding. California is leading the nation with the first hydrogen hub to sign a cooperative agreement, and we will continue to lead by decarbonizing goods movement, the energy sector, and heavy industry."
"The Department of Energy's announcement to fund ARCHES is a monumental step forward in the state's efforts to achieve its air quality, climate and energy goals, while improving the health and wellbeing of Californians and creating new green jobs across the state," said Angelina Galiteva, CEO, ARCHES. "We are grateful to the DOE for its commitment to building a sustainable hydrogen ecosystem and marketplace and look forward to working with our project partners, stakeholders and diverse communities throughout the State to make this project a success."
"Formally signing this Cooperative Agreement with the Department of Energy to develop California's Renewable Hydrogen Hub is a pivotal milestone on California's march to carbon neutrality-economy wide," said GO-Biz Director and Senior Advisor to Governor Gavin Newsom, and founding ARCHES Board Member Dee Dee Myers. "We are eager to put Californians to work building the future-a future powered by clean, renewable hydrogen that benefits all California's residents."
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