The U.S. Department of Energy (DOE) has announced the signing of a landmark $12.6 billion agreement, including up to $1.2 billion from the DOE and $11.4 billion in public and private matching funds, to accelerate clean hydrogen projects throughout California.

The funding supports the Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES) in establishing a leading hydrogen hub in the state and aims to significantly reduce California's dependence on fossil fuels, paving the way for a carbon-neutral economy by 2045.

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