| 47 | | - | SECTION 1. The legislature finds that the United States Department of Energy Regional Clean Hydrogen Hubs program is providing $7,000,000,000 to establish up to ten regional clean energy hubs across America. As part of a larger $8,000,000,000 hydrogen hub program funded through the Infrastructure Investment and Jobs Act, the Regional Clean Hydrogen Hubs program will be a central driver in helping communities across the country benefit from clean energy investments, good-paying jobs, and improved energy security. The legislature further finds that the United States Department of Energy selected Hawaii as one of thirty-three public-private consortiums to compete for the federal funding. Proposed as the Hawaii pacific hydrogen hub, the department of business, economic development, and tourism is leading the consortium to leverage $500,000,000 in private investment for $500,000,000 in matching funds from the United States Department of Energy that will drive the production, processing, delivery, storage, and end-use of clean hydrogen, including innovative uses in the industrial sector. The State's strategic military position in the Indo-Pacific and its partnerships with the United States Department of Defense make its proposal unique amongst its competition. The United States Department of Defense is seeking to replace petroleum-based fuels with hydrogen vehicles and platforms so the United States Department of Defense may become a major customer for the consortium. If fully built and implemented, the Hawaii pacific hydrogen hub will become a major industry and job center for the State. Accordingly, the purpose of this Act is to: (1) Require the department of business, economic development, and tourism to work with the university of Hawaii on workforce development activities that support the development of the Hawaii pacific hydrogen hub and other related aspects of the State's hydrogen energy industry; and (2) Appropriate funds for the Hawaii pacific hydrogen hub. SECTION 2. The department of business, economic development, and tourism shall work with the university of Hawaii on workforce development activities that support the development of the Hawaii pacific hydrogen hub and other related aspects of the State's hydrogen energy industry. SECTION 3. There is appropriated out of the general revenues of the State of Hawaii the sum of $ or so much thereof as may be necessary for fiscal year 2024-2025 for developing the Hawaii pacific hydrogen hub. The sum appropriated shall be expended by the department of business, economic development, and tourism for the purposes of this Act. SECTION 4. This Act shall take effect on July 1, 2050. |
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| 47 | + | SECTION 1. The legislature finds that the United States Department of Energy Regional Hydrogen Hubs Program is providing $7,000,000,000 to establish up to ten regional clean energy hubs across America. As part of a larger $8,000,000,000 hydrogen hub program funded through the Infrastructure Investment and Jobs Act, the Regional Hydrogen Hubs Program will be a central driver in helping communities across the country benefit from clean energy investments, good-paying jobs, and improved energy security. The legislature further finds that the United States Department of Energy selected Hawaii as one of thirty-three public-private consortiums to compete for the federal funding. Proposed as the Hawaii pacific hydrogen hub, the department of business, economic development, and tourism is leading the consortium to leverage $500,000,000 in private investment for $500,000,000 in matching funds from the United States Department of Energy that will drive production, processing, delivery, storage, and end-use of clean hydrogen, including innovative uses in the industrial sector. The State's strategic military position in the Indo-Pacific and its partnerships with the United States Department of Defense make its proposal unique amongst its competition. The United States Department of Defense is seeking to replace petroleum-based fuels with hydrogen vehicles and platforms so the United States Department of Defense can become a major customer for the consortium. If fully built and implemented, the Hawaii pacific hydrogen hub will become a major industry and job center for the State. The purpose of this Act is to: (1) Require the department of business, economic development, and tourism to work with the University of Hawaii on workforce development activities that support the development of the Hawaii pacific hydrogen hub and other related aspects of the State's hydrogen energy industry; and (2) Appropriate funds for the Hawaii pacific hydrogen hub. SECTION 2. The department of business, economic development, and tourism shall work with the University of Hawaii on workforce development activities that support the development of the Hawaii pacific hydrogen hub and other related aspects of the State's hydrogen energy industry. SECTION 3. There is appropriated out of the general revenues of the State of Hawaii the sum of $ or so much thereof as may be necessary for fiscal year 2024-2025 for the Hawaii pacific hydrogen hub. The sum appropriated shall be expended by the department of business, economic development, and tourism for the purposes of this Act. SECTION 4. This Act shall take effect on July 1, 2050. |
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