US Makes a US$20mm Bet on Natural Hydrogen Development
- AKAP
- Sep 7, 2023
- 4 min read
Updated: Nov 23, 2023
The recent surge in interest surrounding the discovery of naturally occurring hydrogen, often referred to as geologic, natural, gold, or white hydrogen, has prompted a noteworthy development from the US Department of Energy (DOE). It has committed up to US$20mm in funding to support the advancement of technologies capable of promoting cost-effective and environmentally friendly hydrogen generation beneath the Earth's surface. In a sector with only a handful of companies and limited financial and policy support, this DOE funding marks a significant milestone. It underscores the nation's determination to take a leading role in the development of natural hydrogen technologies.