Thursday, November 21, 2024

HyVelocity, Houston’s hydrogen hub, will become a reality as federal funding starts to flow!

Happy Thursday! 

Back in October 2023 the U.S. Department of Energy Demonstration Office (OCED) H2Hubs Program picked Houston’ HyVelocity Hub as one of seven awardees for federal grants. Check out of our past Blogs for details and information about HyVelocity Hub and its members. Well, finally after a year of talks the H2Hubs Program has signed a deal with HyVelocity Hub.

Did anyone happen to read The Houston Chronicle’s The 713 Evening Newsletter on November 20, 2024, their article titled, “Biden administration inks deal to develop a $1.2 billion hydrogen hub in Houston.”?  In the article, it speaks about HyVelocity Hub have signed by the X for federal funds on Wednesday for up to $1.2 billion.   HyVelocity Hub was chosen over a year ago to become one of seven clean hydrogen hubs in the U.S. and the money to help advance it will be starting to flow.  Houston and the Gulf Coast isn’t a stranger to producing blue hydrogen, nonetheless it wants to be a leader in producing clean or green hydrogen and the influx of federal funds will help make it a reality.  Now HyVelocity Hub and its team may begin implementing its plan, and recently members of Houston’s Business Community met with potential Asian buyers.  HyVelocity Hub members will either be capturing their emissions and storing it under the Gulf of Mexico (GOM), and/or they plan to construct wind- and solar-powered hydrogen plants that will use water to produce hydrogen through electrolysis.  We wish HyVelocity Hub luck in implementing their ambitious plan!  If we hear anything else, we will let you know!  If you would like to read more of The Houston Chronicle’s article, please click the link: Houston signs deal for $1.2 billion hydrogen hub.

If you would like help in looking into how to transport your product efficiently, safely, and with less of a carbon footprint, contact us via email in the Blog and check out our ESC website!

We hope you have a wonderful evening and a great rest of your week! 

**Disclaimer: You may be charged a fee to read The Houston Chronicle’s article. **