Chemours and Partners Selected for $60M in U.S. Department of Energy Grants to Support Continued Advancement of Global Hydrogen Economy
Two project grants will support development of next-generation membranes for PEM water electrolysis and developing a circularity infrastructure for clean hydrogen materials
Chemours is the lead recipient on a project entitled “Durable, High-Performance Membranes for Proton Exchange Membrane Water Electrolysis”, where the company will leverage its technical expertise to develop a low-resistance Nafion™ membrane that demonstrates high levels of durability in a PEM electrolyzer stack. The project’s goals include creating products that can be manufactured cost-effectively at scale, a significant challenge the hydrogen industry faces today. Chemours was also named a project partner in H2CIRC, a new consortium dedicated to producing a blueprint for the hydrogen industry to efficiently and sustainably recover and recycle materials and components from fuel cells and electrolyzers.
“Chemours is committed to using the power of its chemistry to advance the clean energy transition and hydrogen economy. Selection by the
The grants announced by the
“At Chemours, our advanced chemistry and technology are at the heart of the hydrogen economy and essential to producing and deploying clean hydrogen,” said
To learn more about the recent hydrogen funding selections and grants, visit the DOE’s Hydrogen and Fuel Cell Technology Office.
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This press release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to a historical or current fact. The words "believe," "expect," "will," "anticipate," "plan," "estimate," "target," "project" and similar expressions, among others, generally identify "forward-looking statements," which speak only as of the date such statements were made. These forward-looking statements may address, among other things, the purposes and uses of grant funds, project goals, the development of hydrogen technologies and improvement in manufacturing and recycling capabilities for clean hydrogen systems and components, all of which are subject to substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements are based on certain assumptions and expectations of future events that may not be accurate or realized, such as full year guidance relying on models based upon management assumptions regarding future events that are inherently uncertain. These statements are not guarantees of future performance. Forward-looking statements also involve risks and uncertainties that are beyond Chemours' control. Matters outside our control, including general economic conditions, geopolitical conditions and global health events, have affected or may affect our business and operations and may or may continue to hinder our ability to provide goods and services to customers, cause disruptions in our supply chains such as through strikes, labor disruptions or other events, adversely affect our business partners, significantly reduce the demand for our products, adversely affect the health and welfare of our personnel or cause other unpredictable events. Additionally, there may be other risks and uncertainties that Chemours is unable to identify at this time or that Chemours does not currently expect to have a material impact on its business. Factors that could cause or contribute to these differences include the risks, uncertainties and other factors discussed in our filings with the
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