WASHINGTON – September 26, 2022 – (Investorideas.com Newswire)
Congress has staked $8 billion to expand regional hydrogen power networks in the United States, and the task of selecting proposals for “hydrogen hub” demonstration projects falls to the Energy Department’s Office of Clean Energy Demonstrations (OCED) through a program called H2Hubs. For the selection process to succeed, it must not only be effective, but also fair, transparent, and timely, according to a new report by the Information Technology and Innovation Foundation (ITIF), the leading think tank for science and technology policy. To that end, ITIF proposes five core selection criteria and a weighting system to evaluate scale and scope, specific demonstration goals, operational plans, costs, and commercial potential.
“It is essential that DOE handles the selection criteria well,” said researcher Robin Gaster, who authored the report for ITIF. “Given the massive amount of funding, a substantial number of potential coalitions and alliances have assembled, along with heavy political and corporate interest. If DOE doesn’t manage the process well, the growing support for clean energy and climate technology demonstrations will be at risk.”
ITIF’s new report is the second in a series of briefings on hydrogen hubs. In the first report, ITIF laid out why capital expenditures to fund a hydrogen hub ecosystem should focus on the core plant and surrounding infrastructure. The second installment in the series details how DOE should approach the criteria it uses to select hub proposals.
DOE issued a notice of intent (NOI) in July outlining 24 criteria it would use to evaluate hydrogen projects for potential funding under the H2Hubs program. Noting any selection process with that many criteria leaves open the possibility of selecting any type of project, ITIF’s analysis recommends whittling the list down to five core considerations:
In arriving at ITIF’s list of five core selection criteria, Gaster argues DOE should clearly differentiate between boundary conditions such as the scale of the core plant, direct selection criteria, and additional highly important elements to be negotiated after a selection has been made. Confusing these elements will result in unhappy bidders and complaints about outcomes.
“It’s important that DOE gets this right,” says Gaster. “Hub selection will be under intense scrutiny from applicants, their supporters and sponsors, and of course, top corporate management in the energy sector. DOE won’t be given the benefit of the doubt.”
The Information Technology and Innovation Foundation (ITIF) is an independent, nonprofit, nonpartisan research and educational institute focusing on the intersection of technological innovation and public policy. Recognized by its peers in the think tank community as the global center of excellence for science and technology policy, ITIF’s mission is to formulate and promote policy solutions that accelerate innovation and boost productivity to spur growth, opportunity, and progress. Learn more at itif.org.
This news is published on the Investorideas.com Newswire – a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com