US Green Hydrogen Production, Storage Gets Boost

From renews.biz

From our friends at Emerging Tech Brew - Last month, The Department of Energy’s Loan Programs Office (LPO) issued its first loan for clean-energy tech since 2014, when “Happy” by Pharrell Williams was annoying everyone at the top of the Billboard 100.

The LPO, which is tasked with financing emerging technologies that are ready to scale, guaranteed a loan of $504.4 million to the Advanced Clean Energy Storage (ACES) project in Utah that will convert renewable energy to hydrogen and store it in two massive salt caverns.

Green hydrogen is one piece of the clean-energy puzzle. It has potential applications in hard-to-decarbonize sectors like shipping and aviation, but it can also play a role in deploying more renewable energy. The ACES project, a joint venture between Magnum Development and Mitsubishi Power Americas, will be the largest green hydrogen facility in the world, according to the project’s website, and could pave the way for other clean-hydrogen projects like it in the US.