Hydrogen Infrastructure Finance: Supporting Clean Energy and Job Creation
This Act establishes a pilot program to support the development of hydrogen transportation and storage infrastructure, potentially reducing greenhouse gas emissions. Citizens may benefit from new job creation, the development of cleaner energy sources, and potentially lower energy costs in the future. The program provides grants and loans for hydrogen projects, prioritizing those that minimize environmental impact and benefit low-income communities.
Key points
A pilot program will be established to support the construction and modernization of hydrogen transport and storage infrastructure, potentially impacting the availability of clean energy.
Grants and low-cost loans will be available for companies and other entities undertaking hydrogen projects, which could stimulate economic development and job creation.
Priority will be given to projects that reduce greenhouse gas emissions, minimize environmental disturbance, and benefit low-income communities.
Hydrogen leakage monitoring and repair programs will be required to ensure safety and environmental protection.
Studies will be conducted on hydrogen's environmental impact, best practices for pipeline construction, and the feasibility of blending hydrogen with natural gas.
Expired
Additional Information
Print number: 117_S_3118
Sponsor: Sen. Cornyn, John [R-TX]
Process start date: 2021-10-28