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DOE closes on $504M loan guarantee for world’s largest clean hydrogen and energy storage project

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million loan guarantee to the Advanced Clean Energy Storage project in Delta, Utah (ACES Delta)—marking the first loan guarantee for a new clean energy technology project from DOE’s Loan Programs Office (LPO) since 2014. Rendering of Advanced Clean Energy Storage salt cavern.

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Deloitte forecasts clean hydrogen market to hit US$1.4T per year by 2050

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In a new report , Deloitte forecasts that the clean hydrogen market will top the value of the liquid natural gas trade by 2030 and grow further to US$1.4 To achieve climate neutrality by 2050, the clean hydrogen market capacity can grow to 170 million tons (MtH 2 eq) in 2030 and to 600 MtH 2 eq in 2050. trillion per year by 2050.

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EPA launches first $500M funding opportunity for $5B Clean School Bus Program

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EPA’s new Clean School Bus Program will provide $5 billion over the next five years (FY 2022-2026) to replace existing school buses with zero-emission and low-emission models. Further Clean School Bus competitions will be run every year over the next five years. The Agency will also launch a grant competition later this year.

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CARB approves $2.6B investment for clean cars, trucks, mobility options

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Supported projects range from incentives for cleaner trucks and buses, and mobility options such as bike- and car-sharing, to consumer rebates for clean cars. billion Fiscal Year 2022-23 Funding Plan for Clean Transportation Incentives will benefit priority populations. billion for clean trucks and buses, and off-road equipment.

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CalSEED awards $4.2M to early-stage clean energy innovations

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The California Sustainable Energy Entrepreneur Development (CalSEED) program announced that the fourth cohort of innovative clean energy concepts has been approved by the California Energy Commission (CEC); 28 companies out of 212 were selected to receive grants of $150,000 each. Details of the 28 companies awarded a total of $4.2

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CARB approves $1.5B investment in clean cars, trucks, mobility options for FY 2021-22

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billion investment plan that will increase access to clean vehicles and clean mobility options through a wide variety of projects that support the transformation of California’s vehicle and equipment fleet to zero-emission. Funded projects include: $525 million for clean car rebates through the statewide Clean Vehicle Rebate Project.

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California to transition clean vehicle rebate program to helping low-income residents

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The California Air Resources Board will transition its existing Clean Vehicle Rebate Project (CVRP) program to a new program targeting low- and middle-income Californians. The program was originally designed to encourage the early adoption of emerging technology, and its goal was to accomplish a 16% market share for clean vehicles.

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