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    Home»Markets»Stocks»Chemours secures $60 million in DOE hydrogen grants By Investing.com
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    Chemours secures $60 million in DOE hydrogen grants By Investing.com

    Press RoomBy Press RoomMarch 20, 2024No Comments2 Mins Read
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    Chemours secures $60 million in DOE hydrogen grants
    © Reuters.

    WILMINGTON, Del. – The Chemours Company (NYSE:), a global leader in chemical solutions, announced it has been awarded $60 million in grants from the U.S. Department of Energy (DOE). The funds, part of the Bipartisan Infrastructure Law, will propel the development of advanced membrane technology for proton exchange membrane (PEM) water electrolysis and establish a consortium focused on the circularity of clean hydrogen materials.

    Chemours will utilize its expertise to innovate a durable, high-performance Nafion™ membrane aimed at enhancing the efficiency of PEM electrolyzer stacks. The project’s objective is to produce cost-effective, scalable solutions to meet the hydrogen industry’s current challenges. Additionally, Chemours will participate in H2CIRC, a consortium targeting the sustainable recovery and recycling of materials from fuel cells and electrolyzers.

    Stefanie Kopchick, Hydrogen Business Venture Leader at Chemours, remarked on the company’s role in advancing the hydrogen economy and its commitment to sustainability. According to Kopchick, the DOE’s grant selections reinforce Chemours’ position and its collaborative efforts with public, private, and academic partners in promoting hydrogen as a clean energy source.

    Gerardo Familiar, President of Advanced Performance Materials at Chemours, highlighted the company’s critical role in the hydrogen supply chain. Familiar noted Chemours’ status as a leading global supplier of ionomers and membranes for PEM electrolysis and its involvement in the Appalachian Regional Clean Hydrogen Hub (ARCH2).

    The DOE grants are part of a broader $750 million funding initiative aimed at advancing hydrogen technologies and strengthening manufacturing and recycling capabilities for clean hydrogen systems. This initiative aligns with the U.S. National Clean Hydrogen Strategy and Roadmap, which focuses on cost reduction, manufacturing, supply chains, and domestic job creation.

    Chemours, with its significant market presence in various chemical products and solutions, is poised to leverage these grants to further contribute to the clean energy transition through its advanced chemistry and technology. This financial support from the DOE is expected to accelerate the company’s efforts in hydrogen technology development and sustainable practices.

    The information in this article is based on a press release statement from The Chemours Company.

    This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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