Courtesy of Lucy Wyndham
UNDATED (NewsDakota.com) – North Dakota Governor Doug Burgum and Minnesota Governor Tim Walz have signed a memorandum of understanding to develop the Heartland Hydrogen Hub, which was recently announced by the Federal Department of Energy.
Governors hope to receive some of the $7 billion pledged by the Department of Energy to help clean energy growth. The Department of Energy said it will announce its intention to choose between six and 10 funding centers, with applications due in April 2023. North Dakota will begin this application process through the research center on energy and the environment from the University of Dakota. Both states aim to work alongside tribal nations and invite other states to join them in their work.
Follow the example of solar energy
The governments of North Dakota and Minnesota believe it is high time hydrogen incentives caught up with solar. The Federal Solar Tax Credit has been a key incentive for the solar industry. Aimed to offset the initial cost of switching to solar power, it allows homeowners to claim 30% of the total installation costs of solar home projects. Some states also have solar incentives. Some of the best in terms of solar energy tax incentives are New York, Rhode Island and Iowa. Texans also get tax breaks, but of a different nature. There is no statewide net energy metering system that allows customers to feed the energy created by their panels back into the grid (in exchange for energy bill credits) . However, some cities, utility companies, and municipalities offer various local incentives. Sometimes these discounts are higher than those offered in other states.
How will hydrogen hubs affect homeowners?
Developing clean hydrogen will reduce long-term costs for homeowners and businesses. It will, however, have many additional benefits. These include creating jobs, reducing greenhouse gas emissions and promoting urban and rural economic development. The Heartland Hydrogen Hub will undertake various clean hydrogen projects from various energy sources. One of the most exciting aspects of switching to hydrogen is that it does not involve significant costs for owners. Another of its advantages is that hydrogen fuel cells do not produce greenhouse gases. This means they can play an important role in helping the nation achieve the goals set out in the Paris Agreement 15. Hydrogen fuels are also more powerful and energy efficient than fossil fuels. Their cells are furthermore extremely fast to load. They can be fully charged in less than five minutes. These cells do not produce noise pollution, unlike other forms of renewable energy such as wind energy.
North Dakota Governor Doug Burgum and Minnesota Governor Tim Walz signed a memorandum of understanding to develop the Heartland Hydrogen Hub. They hope to receive part of the large grant promised by the Ministry of Energy to help the growth of clean energy. If they succeed, their respective states will benefit in many ways, especially in terms of job creation.