US dept of energy's Hydrogen Shot

The US Department of Energy's "Hydrogen Shot"

The Hawaii Hydrogen Alliance supports the US Department of Energy's Hydrogen Shot, which seeks to reduce the cost of clean hydrogen by 80% to $1 per 1 kilogram in 1 decade.

The Hydrogen Shot establishes a framework and foundation for clean hydrogen deployment in the American Jobs Plan, which includes support for demonstration projects. Industries are beginning to implement clean hydrogen to reduce emissions, yet many hurdles remain to deploying it at scale. Currently, hydrogen from renewable energy costs about $5 per kilogram. Achieving the Hydrogen Shot’s 80% cost reduction goal can unlock new markets for hydrogen, including steel manufacturing, clean ammonia, energy storage, and heavy-duty trucks. This would create more clean energy jobs, reduce greenhouse gas emissions, and position America to compete in the clean energy market on a global scale. These efforts would ensure that environmental protection and benefits for local communities are a priority.

If the Hydrogen Shot goals are achieved, scenarios show the opportunity for at least a 5-fold increase in clean hydrogen use. A U.S. industry estimate shows the potential for 16% carbon dioxide emission reduction by 2050 as well as $140 billion in revenues and 700,000 jobs by 2030.

Hydrogen Shot would catalyze innovation in any hydrogen pathway with potential for meeting the targets—such as renewables, nuclear, and thermal conversion—providing incentives to diverse regions across the country.

Click here for the Hydrogen Shot Fact Sheet