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North Dakota hydrogen hub invited to phase 2 of DOE innovative energy loan program

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Hydrogen project in North Dakota

Conversion of the Synfuels Plantnear Beulah is expected to begin in the first half of 2024 with a peak workforce of 2,000 during the over three-year construction period.

Bakken Energy’s proposed hydrogen hub has received an invitation from the U.S. Department Department of Energy’s Loan Programs Office to proceed with a part two of an application under the Title XVII Innovative Clean Energy Loan Guarantee Program.

The advancement is seen by company officials as an important milestone in the company’s process in applying for DOE financing for $1.7 billion of the $2.35 billion clean hydrogen project.

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