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Blogs > US DOE provides funding for $26 million in nuclear plant hydrogen projects - S&P Global

US DOE provides funding for $26 million in nuclear plant hydrogen projects - S&P Global

Rachel Rowan

October 8, 2020

Washington — The US Department of Energy has provided funding to two projects worth $26 million seeking to advance hydrogen generation by nuclear reactors, starting with a facility at an Xcel Energy plant, DOE said in a statement Oct. 8.

The DOE funding requires recipients to match the government support with their own in-kind or other contributions, and the $26 million value is the total including such recipient efforts. DOE did not say in the announcement what proportion of either of the projects was coming from the government versus the recipient, but previous projects have often required a 50/50 split in contributions.

The projects are designed to help nuclear plants be able to switch between electricity production and hydrogen generation depending on market conditions, consequently increasing their profitability, DOE said.

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