Biden Signs Infrastructure Deal into Law: Energy Transition Investment Highlights
President Biden on Monday signed into law the $1 trillion Infrastructure Investment and Jobs Act, after gaining bipartisan support with 13 Republicans in the House of Representatives supporting the landmark legislation.
Hydrogen. The infrastructure law provides billion in spending to support the development as clean hydrogen fuel, including $8 billion for the development of clean hydrogen hubs for targeting the transport and industrial sectors, $1 billion for clean hydrogen electrolysis R&D, and $500 million for hydrogen manufacturing and recycling.
Carbon removal. The law includes over $10 billion targeting carbon management technologies and infrastructure, including roughly $3.5 billion each for direct air capture hubs and carbon capture projects, $2.5 billion for commercialization of carbon storage, as well as investments in industrial decarbonization demonstration and carbon utilization programs.