The US Department of Energy (DOE) has launched its first-ever Hydrogen Business Case Prize Competition to help the Biden-Harris Administration achieve its net-zero carbon emissions goals by 2050 with clean hydrogen.
Launched on Tuesday (Oct 5), the competition challenges teams to develop user-friendly analysis tools that identify regional businesses cases where clean hydrogen can add value to a specific sector or technology.
As well as support the Biden-Harris Administration with its clean energy goals, the competition will also support DOE’s Hydrogen Shot which aims to slash the cost of green hydrogen by 80% to $1 this decade.
On this, David Turk, Deputy Secretary at the US DOE, said, “In order to meet Hydrogen Shot, we will need diverse talent from all backgrounds and with different perspectives to come together to help us identify out-of-the box solutions.
“Today’s announcement is a step towards that direction, and I look forward to the ingenuity that the first ever Hydrogen Business Case Prize will spark across students, innovators and collaborators in our nation.”
In order to run the prize competition, the DOE Hydrogen and Fuel Cell Technologies Office (HFTO) will allocate $400,000. Prize awards will include internships at industry, non-profit, and national laboratory locations, as well as cash awards and sponsored travel.
US DOE, General Motors, Microsoft and Plug Power
What does the US Department of Energy (DOE), General Motors, Microsoft and Plug Power have in common? They’re all speaking at H2 View’s North American Virtual Hydrogen Event in October. Will you be joining us on October 19?
North America is in a prime position to lead efforts in decarbonisation, but it still has great distances to travel. The region has been giving chase in a race to green hydrogen dominated by Europe and Asia-Pacific. If policymakers and industry can work together and take the right steps to realise a hydrogen vision, the region is perfectly placed to expand its global energy leadership at scale and speed.
What lessons can be learned from Europe’s policymakers? What are the challenges to be overcome? What are the strengths and opportunities? How can North America go from giving chase to taking a lead in hydrogen? These are all questions our virtual event will address across H2 View’s four pillars of Mobility, Power, Policy and Technology.
Further information on the event, agenda and confirmed speakers can be found here.
To book your virtual delegate pass, click here.