The Listed Companies Involved in Biden’s $7 Billion Hydrogen Hubs | Green Stocks Research
EXPLAINER

The Listed Companies Involved in Biden’s $7 Billion Hydrogen Hubs

H2Hubs Blueprint

DOE Office of Clean Energy Demonstrations — H2Hubs Blueprint. Source: U.S. Department of Energy.

The Announcement

The Department of Energy has announced $7 billion in funding to launch 7 Regional Clean Hydrogen Hubs (H2Hubs) in the United States. Funding comes from the Bipartisan Infrastructure Law passed in 2021.

“The seven H2Hubs will kickstart a national network of clean hydrogen producers, consumers, and connective infrastructure while supporting the production, storage, delivery, and end-use of clean hydrogen. The H2Hubs are expected to collectively produce three million metric tons of hydrogen annually, reaching nearly a third of the 2030 U.S. production target and lowering emissions from hard-to-decarbonize industrial sectors that represent 30 percent of total U.S. carbon emissions. Together, they will also reduce 25 million metric tons of carbon dioxide (CO2) emissions from end-uses each year — an amount roughly equivalent to combined annual emissions of 5.5 million gasoline-powered cars — and create and retain tens of thousands of good-paying jobs across the country while supporting healthier communities.”
U.S. Department of Energy

The government expects the investment could help catalyze an additional $40 billion in investments from the companies involved in the projects.

The Companies Involved

Selected Regional Clean Hydrogen Hubs Map

Selected Regional Clean Hydrogen Hubs. Source: U.S. Department of Energy.

Below is a breakdown of the listed companies involved in the project development consortiums across each of the 7 projects selected.

Appalachian Regional Clean Hydrogen Hub (ARCH2)

West Virginia, Ohio, Pennsylvania — Up to $925 million

This project spans three states and focuses on leveraging the region’s abundant natural gas resources to produce clean hydrogen.

  • Air LiquideAIQUF
  • ChemoursCC
  • CNX ResourcesCNX
  • Dominion EnergyD
  • EQT CorpEQT
  • Plug PowerPLUG

Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES)

California — Up to $1.2 billion

Focused on decarbonizing public transportation, heavy-duty trucking and port operations using renewably produced hydrogen.

  • AESAES
  • Air ProductsAPD
  • PowerTap Hydrogen Capital CorpMOTNF

HyVelocity (Gulf Coast) Hydrogen Hub

Houston, Texas — Up to $1.2 billion

Focused on large-scale hydrogen production using both natural gas with carbon capture and renewables-powered electrolysis.

Heartland Hydrogen Hub

Minnesota, North Dakota, South Dakota — Up to $925 million

Spanning three northern plains states, this hub leverages the region’s agricultural and industrial base for clean hydrogen deployment.

  • Marathon Petroleum CorpMPC
  • TC EnergyTRP
  • Xcel EnergyXEL

Mid-Atlantic Clean Hydrogen Hub (MACH2)

Pennsylvania, Delaware, New Jersey — Up to $750 million

Focused on producing hydrogen from renewables and nuclear power, repurposing historic oil infrastructure in the region.

Midwest Alliance for Clean Hydrogen (MachH2)

Illinois, Indiana, Michigan — Up to $1 billion

Focused on decarbonization through strategic hydrogen uses including steel and glass production, power generation, refining, heavy-duty transportation, and sustainable aviation fuel.

Pacific Northwest Hydrogen Hub (PNWH2)

Washington, Oregon, Montana — Up to $1 billion

Focused on producing hydrogen for use in fertilizer production and transportation, leveraging abundant renewable energy in the Pacific Northwest.

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