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Hydrogen Infrastructure Finance and Innovation Act

Source: Congress.gov  ·  3,836 words in original text
This bill requires the Secretary of Energy to establish a hydrogen infrastructure finance and innovation pilot program that provides grants and loans to help build and improve hydrogen transportation, storage, and delivery infrastructure. The bill also directs the Secretary to coordinate a study examining pipeline corridors, infrastructure costs, hydrogen safety concerns, and best practices for hydrogen infrastructure development.
Corporations, partnerships, joint ventures, and other entities building hydrogen infrastructure projects receive grants and loans. Federal agencies including the Department of Energy, Environmental Protection Agency, Federal Energy Regulatory Commission, Surface Transportation Board, and Pipeline and Hazardous Materials Safety Administration must conduct studies and establish regulatory frameworks. Communities across the United States may benefit from hydrogen infrastructure projects, particularly low-income and disadvantaged communities.
* The Secretary of Energy must establish the hydrogen infrastructure finance and innovation pilot program within one year of enactment and provide financial assistance through grants or long-term, low-cost supplemental loans to eligible entities for eligible projects (Sec. 3(b)). * The Secretary must conduct a study within 18 months assessing potential pipeline corridors for hydrogen, infrastructure costs, hydrogen transportation and storage research, environmental impacts of hydrogen leakage, construction and maintenance best practices, and a framework for measuring and managing hydrogen leaks (Sec. 2). * Projects receive priority if they provide greater net impact in avoiding or reducing greenhouse gas emissions and are sited within or adjacent to existing pipeline or linear infrastructure corridors (Sec. 3(d)). * Loans shall have an interest rate not less than United States Treasury securities of similar maturity, a final maturity date 30 years after substantial completion of the project, and shall commence repayment upon substantial completion of the project (Sec. 3(f)). * The maximum federal share of an eligible project may not exceed 80 percent of the eligible costs (Sec. 3(j)). * Each entity receiving a grant or loan must conduct a hydrogen leakage monitoring, reporting, and verification program and a hydrogen leak detection and repair program (Sec. 3(i)). * The Secretary and National Laboratories shall provide technical assistance to assess the readiness of existing infrastructure to transport, store, or deliver hydrogen, prioritizing preexisting infrastructure corridors, geologic storage potential, and industrial clusters (Sec. 3(l)). * Federal Energy Regulatory Commission, Surface Transportation Board, and the Pipeline and Hazardous Materials Safety Administration must assess their jurisdiction over hydrogen transportation infrastructure and submit a report to Congress within 270 days describing any needed additional authority (Sec. 3(m)).
If this becomes law, federal funding becomes available to finance hydrogen infrastructure projects through grants and loans. The government will conduct comprehensive research on hydrogen pipeline corridors, costs, and environmental impacts. Federal agencies will clarify their regulatory authority over hydrogen transportation infrastructure. Projects focused on avoiding greenhouse gas emissions and using existing corridors will receive priority consideration. Entities receiving federal assistance must implement programs to monitor and detect hydrogen leaks.
The bill defines the following key terms explicitly: * "Common carrier" means a transportation infrastructure operator or owner that publishes publicly available rates, terms, and conditions of nondiscriminatory service and offers transportation services to the public for a fee. * "Eligible entity" means a corporation, partnership, joint venture, trust, non-federal governmental entity, agency, or instrumentality, or other entity. * "Eligible project" means an infrastructure project for hydrogen transportation, storage, or delivery, including pipeline, shipping, rail, refueling, or other infrastructure. Pipeline projects qualify only if they construct new pure hydrogen pipelines or retrofit existing natural gas pipelines to transport hydrogen blends while significantly increasing hydrogen capacity. * "Low-income or disadvantaged community" means a community with an annual median household income less than 100 percent of the statewide annual median household income according to the most recent decennial census. * "HIFIA pilot program" means the hydrogen infrastructure finance and innovation pilot program established under the bill. * "Letter of interest" means a letter submitted prior to formal application describing the project, location, purpose, cost, financial plan, environmental review status, and eligibility information in a Secretary-prescribed format.
Not specified in bill text
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.