US Department of Energy awards $1bn loan for hydrogen expansion project

Monolith uses proprietary pyrolysis technology using renewable energy to convert natural gas to hydrogen and carbon black

Award: US Department of Energy has awarded hydrogen company Monolith a $1.04 billion loan to expand its hydrogen production operations in Nebraska — Award: US Department of Energy has awarded hydrogen company Monolith a $1.04 billion loan to expand its hydrogen production operations in NebraskaPhoto: AFP/SCANPIX

Naomi Klinge

Houston

US Department of Energy Hallam Monolith NextEra Energy Resources DoE Loan Programs Office

Published 4 January 2022, 23:26Updated 5 January 2022, 11:45