The DOE has Announced Plans for Hydrogen Fuel Cell R&D
The U.S. Department of Energy (DOE) has launched its plans to advance fuel cell truck and hydrogen production. The Million Mile Fuel Cell Truck (M2FCT) and the H2NEW consortia will work to identify ways to make the technologies more durable, efficient, affordable and viable in today’s market. This comes off the DOE Energy Efficiency and Renewable Energy office’s (EERE’s) announcement to invest $100 million into the projects.
The combined intention of the projects is to produce hydrogen in environmentally-friendly ways, and then use that hydrogen as a fuel source.
H2NEW
The National Renewable Energy Laboratory (Colorado) and Idaho National Laboratory will lead this project, and attempt to develop large-scale electrolyzers, which use electricity to split water into hydrogen and oxygen. The hydrogen produced is perfect for hydrogen fuel cells.
Electrolysis has been around since 1800, and a number of methods have been developed. However, it’s not always a cheap endeavor. This consortia will look at how to make the electrolyzers more efficient and cost effective.
M2FCT
Fuel Cell Trucks (FCTs) have the diesel engine replaced with a battery-hydrogen fuel cell hybrid system. The hybrid feature allows for optimal performance in heavy duty applications, with minimized environmental impact. FCTs produce no emissions, only water. Los Alamos (New Mexico) and Lawrence Berkeley (California) National Laboratories will lead the project, focussing on fuel cell durability, performance, and minimizing cost.
Are you developing a new invention? Did you know your R&D experiments could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
Who We Are:
Swanson Reed is one of the U.S.’s largest Specialist R&D tax advisory firms, offering tax credibility assessments, claim preparation, and advisory services. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.
Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs and CFPs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.