The U.S. Department of Energy’s Energy Earthshots Initiative aims to accelerate breakthroughs of more abundant, affordable, and reliable clean energy solutions within the decade.
Achieving the Energy Earthshots will help America tackle the toughest remaining barriers to addressing the climate crisis, and more quickly reach the Biden–Harris Administration’s goal of net-zero carbon emissions by 2050 while creating good-paying union jobs and growing the economy.
The U.S. Department of Energy Hydrogen Shot Summit convened thousands of stakeholders online to introduce the Hydrogen Shot, solicit dialogue, and rally the global community on the urgency of tackling the climate crisis through concrete actions and innovation. The Hydrogen Shot Summit was held virtually August 31 and September 1, 2021.
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.
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.
The Hydrogen Shot program 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.
Department of Energy activities in hydrogen include several offices and a total of approximately $400 million in the President’s Fiscal Year 2022 Budget Request. This compares to approximately $285 million related to hydrogen in Fiscal Year 2021. Pending appropriations, The Department of Energy anticipates funding opportunities and other activities to help advance progress toward meeting Hydrogen Shot goals. These efforts are aligned with The Department of Energy’s Hydrogen Program Plan.
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Source: U.S. Department of Energy, Office of Energy Efficiency & Renewable Energy
