Electric Hydrogen has been awarded a $46.3 million grant from the Department of Energy (DOE). The grant supports the electrolyzer manufacturing of the company’s gigafactory in Devens, Massachusetts, substantially driving down hydrogen production costs.
This funding comes under DOE’s Clean Electrolysis Program, a spin-off of the Bipartisan Infrastructure Law, which aims to make clean energy technologies affordable and reliable. The endorsement of Electric Hydrogen puts spotlight on the company’s astounding progress in electrolyzer technology.
The heart of Electric Hydrogen’s mission revolves around transforming green hydrogen into a financially feasible commodity by achieving cost equivalence with fossil fuels. Its advanced manufacturing technique produces low-cost, high-quality electrolyzer stacks—a breakthrough approach that envisions meeting the DOE’s Energy Earthshot targets. Consequently, the aim is to deliver green hydrogen at an incredible rate of $1 per kg by 2031.
The awarded grant will principally be used to escalate their technology advancements at Electric Hydrogen’s gigafactory in Devens. This facility is projected to be one of the world’s largest proton exchange membrane (PEM) electrolyzer factories, with a yearly capacity of 1.2 GW. Borrowing principles from successfully scaled industries such as the auto industry, it plans to run high-volume, low-cost, and rapid throughput production lines.
Their electrolyzer stacks, recognized for being cost-effective, are at the core of the company’s fully integrated 100MW Electrolyzer Plant. The plant is designed and manufactured in the U.S. to deliver the world’s lowest-cost green hydrogen. Electric Hydrogen has commenced the construction of its first customer-sited 100MW Electrolyzer Plant in Texas and maintains operating facilities in California.
