WASHINGTON, Oct 10 (Reuters) - The Biden administration is expected to announce on Friday the winners of $7 billion in federal grants to build out regional hydrogen hubs, three sources familiar with the matter told Reuters.
The 2021 bipartisan infrastructure bill allocated up to $7 billion to launch the initiative, called the Regional Clean Hydrogen Hubs program, which will help fund six to 10 regional clean hydrogen hubs across the United States.
The hubs have many private and public sector partners and the federal grants are expected to unleash a wave of new state and private sector investment.
The administration has also earmarked billions of dollars more in subsidies for hydrogen producers in last year's Inflation Reduction Act.
The Philadelphia region is one of the locations vying for a share of the $7 billion in grants.
Persons:
Biden, Joe Biden, Jarrett Renshaw, Valerie Volcovici, Richard Valdmanis, Deepa Babington
Organizations:
Reuters, Energy Department, DOE, Department of Energy, Thomson
Locations:
California, Pennsylvania, Michigan, United States, Philadelphia