![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Tuesday, May 07, 2024 8:59:36 AM
The Hydrogen and Fuel Cell Technologies Office aims for H2 to cost less than $7/kg at pump for heavy vehicles in less than four years
Polly Martin Updated 33 minutes ago
The US government’s Hydrogen and Fuel Cell Technologies Office (HFTO) has outlined a long list of interim targets in its latest Multi-Year Program Plan, with an eye towards massively driving down the cost of clean H2 for use in transportation and industry.
The HFTO — a wing of the Department of Energy responsible for allocating funds towards hydrogen research, development and demonstration — estimates that today, green hydrogen costs $5-7/kg to produce and $12-16/kg to dispense at refuelling stations.
However, in addition to aiming for the cost of electrolysis to fall to $2/kg by 2026, the HFTO has also set a target for H2 delivered to heavy vehicles to cost less than $7/kg by 2028 — or roughly halving the current cost in less than four years.
The agency is also targeting a reduction in fuel-cell system costs for trucks, to fall from $170/kW today to $140/kW by 2025 and $80/kW by 2030, with a longer-term ambition to bring these costs even further down to $60/kW.
.....
The HFTO also aims for three fuel-cell trucks to be developed via the government-funded “Super Truck” programme of subsidies for auto manufacturers.
The government agency cites previous examples of driving down costs for hydrogen technologies through government-funded research and development. For example, it notes that the cost of fuel cells for light-duty vehicles dropped by 70% between 2008 and 2020.
The HFTO estimates that fuel cells for heavy vehicles have gradually fallen in cost from $200/kW in 2021 to $170/kW last year — implying that another $30/kW drop could be achievable within two years.
.....
When it comes to integration with the country’s power system, the HFTO will this year validate at least 1MW of fuel-cell generator capacity at a data centre, conducting performance tests between 24 and 48 hours to evaluate how well such a system could ramp up to full power and maintain it during a power outage.
It also aims to:
- Trial behind-the-meter integration of a 1.25MW proton-exchange membrane (PEM) electrolyser with a nuclear power plant this year, with a high-temperature electrolysis system tested in similar conditions by 2025;
- Test and demonstrate the potential for fuel-cell generators to be used in microgrids by 2025;
- Demonstrate at least six integrated electrolyser systems, with a combined capacity of more than 3MW, with at least two different types of electricity generation by 2025, and increase this capacity to 10MW by 2027.
.....
https://www.hydrogeninsight.com/policy/us-targets-massive-cost-reduction-in-hydrogen-for-deployment-in-transport-and-industry-this-decade/2-1-1640023
Recent PLUG News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:34:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:33:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:32:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:31:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:31:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:30:33 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/07/2024 01:00:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 01:00:29 PM
- Plug to Webcast Annual Shareholder Meeting on June 5, 2024 • GlobeNewswire Inc. • 05/30/2024 09:55:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/24/2024 08:40:29 PM
- Form 424B7 - Prospectus [Rule 424(b)(7)] • Edgar (US Regulatory) • 05/24/2024 08:02:55 PM
- Plug, Airbus, Delta, Hartsfield-Jackson Atlanta International Airport Study Feasibility of Hydrogen Hub at World’s Busiest Airport • GlobeNewswire Inc. • 05/21/2024 03:31:00 PM
- Shareholders that lost money on Plug Power Inc.(PLUG) should contact The Gross Law Firm about pending Class Action - PLUG • PR Newswire (US) • 05/21/2024 09:45:00 AM
- Plug Signs 3 GW BEDP Contract with Allied Green Ammonia for Electrolyzer Project in Australia • GlobeNewswire Inc. • 05/16/2024 11:00:00 AM
- Plug to Revolutionize Middle-Mile Delivery with Class 6 Fuel Cell Electric Truck Integration • GlobeNewswire Inc. • 05/15/2024 11:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 12:06:42 PM
- Plug Receives $1.66 Billion Conditional Commitment Loan Guarantee From Department of Energy for Green Hydrogen Development Pipeline • GlobeNewswire Inc. • 05/14/2024 12:00:00 PM
- Investors who lost money on Plug Power Inc.(PLUG) should contact The Gross Law Firm about pending Class Action - PLUG • PR Newswire (US) • 05/14/2024 09:45:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:34:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:33:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:30:53 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/09/2024 08:02:15 PM
- U.S. Index Futures Dip, Bank of England Holds Interest Rates at 5.25% • IH Market News • 05/09/2024 11:47:20 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 11:22:17 AM
- Plug Announces First Quarter 2024 Financial Results • GlobeNewswire Inc. • 05/09/2024 11:00:00 AM
ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM
Fifty 1 Labs, Inc. Announces Major Strategic Advancements and Shareholder Updates • CAFI • Jun 13, 2024 8:45 AM
Snakes & Lattes Opens Pop-Up Location at The Wellington Market in Toronto: A New Destination for Fun and Games - Thanks 'The Well', PepsiCo, Indie Pale House & All Sponsors & Partners for Their Commitment & Assistance Throughout The Process • FUNN • Jun 13, 2024 8:18 AM
HealthLynked Introduces Innovative Online Medical Record Request Form Using DocuSign • HLYK • Jun 12, 2024 8:00 AM
Ubiquitech Software Corp (OTC:UBQU) Posts $624,585 Quarterly Revenue - Largest Quarter Since 2018 • UBQU • Jun 11, 2024 10:13 AM
Element79 Gold Corp Files for OTCQB Uplisting, Provides Financial Update • ELEM • Jun 11, 2024 9:25 AM