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Re: uksausage post# 56584

Monday, 05/20/2024 9:35:25 AM

Monday, May 20, 2024 9:35:25 AM

Post# of 56820
UK, agree. I would add that the article highlights the huge disparity in assistance between hydrogen relative to battery technologies. Link to article https://www.canarymedia.com/articles/hydrogen/plug-power-lands-1.7billion-doe-loan-guarantee-to-boost-hydrogen-production

Relevant excerpts:

"The up to $1.66 billion in loan guarantees for Plug Power would come from DOE’s Loan Programs Office, which has issued $42.1 billion in loans and loan guarantees as of December 2023 to back battery manufacturers, battery materials mining, processing and recycling facilities, virtual power plant developers, and other clean technology investments.

Other hydrogen projects winning Loan Programs Office backing include the Advanced Clean Energy Storage project in Utah, which received a $504.4 million loan guarantee, and Monolith, a company expanding a Nebraska facility that uses renewable energy to power a pyrolysis process that converts fossil gas to hydrogen, which received a $1.04 billion loan guarantee."
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