Pacific Northwest Hydrogen Association Granted Phase 1 Award Status from U.S. Department of Energy [Yahoo! Finance]
US NUCLEAR CORP Common stock (UCLE)
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Source: Yahoo! Finance
SEATTLE, July 24, 2024 BUSINESS WIRE )--The Pacific Northwest Hydrogen Association (PNWH2), a multi-state nonprofit organization focused on creating a robust network of clean hydrogen suppliers and end-users in the Pacific Northwest, announced today that it has received Phase 1 award status from the U.S. Department of Energy (DOE). PNWH2 is one of the first U.S. Regional Clean Hydrogen Hubs to move into Phase 1. As part of this designation, PNWH2 will receive an initial amount of up to $27.5 million from a potential future $1 billion in federal funding, as outlined in the Bipartisan Infrastructure Law . Phase 1 will encompass initial planning, permitting, and analysis activities to ensure that the overall Hub concept is technologically and financially viable, with input from relevant local stakeholders. "Today marks an important step for the Pacific Northwest Hydrogen Association and is the culmination of many months of discussions, planning and negotiations across our partners,
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