President Joe Biden and Secretary of the U.S. Department of Energy Jennifer Granholm will announce on Friday seven regional “hydrogen hubs” which are collectively eligible for up to $7 billion in federal funding, according to senior White House administration officials.
Hydrogen is the simplest element and the most abundant on earth, but it seldom exists on its own, so generally has to be split from other atoms (as in the case of water, or H2O). This can be done with an electrolyzer powered by electricity. Hydrogen can also be produced from natural gas in a process called steam methane reforming.
Hydrogen is currently used to make fertilizer and in various industrial processes, particularly in the petrochemical industry. But because hydrogen emits no carbon dioxide when burned for fuel, it is part of the Biden administration’s strategy for reducing greenhouse gases in industries like long-haul trucking, maritime cargo shipping, and airplane travel. Hydrogen is also seen as a potential energy storage vehicle to balance out the intermittency inherent in renewable energy sources, like wind and solar.
That said, hydrogen is only a good tool for reducing CO2 emissions if it can be produced with minimal emissions itself — today, that often does not happen. The new hubs will be focused on that goal.
The seven hydrogen hubs stretch across 16 states and are organized according to geographic regions that have a particular strength when it comes to developing and growing the hydrogen industry in the United States. The hubs are not single facilities, but refer to a collection of linked assets that will work together to develop the domestic hydrogen economy in the United States.
The $7 billion in federal funding will catalyze an estimated $43 billion in private sector investment, according to comments made by senior White House administration officials on a call with reporters on Thursday afternoon.
The federal funding will be dispersed as the regional hubs meet incremental stage-gate milestones, senior White House administrators said. But the manufacturing hubs are all going to spur job creation, a theme Biden has repeatedly advertised as a co-benefit of developing the clean economy.
The seven selectees are as follows:
Appalachian Hydrogen Hub: The Appalachian Hydrogen Hub encompasses parts of West Virginia, Southeast Ohio, and southwest Pennsylvania and will use the large quantities of natural gas in the region. It’s located in the industrial heartland and will provide hydrogen for industrial applications across the United States. It’s also at a transportation crossroads, which will allow the hydrogen to be readily transported.
California Hydrogen Hub: The California Hydrogen Hub spans from Southern California to Northern California and encompasses three ports: Los Angeles, Long Beach and Oakland. Ports are very important because hydrogen is considered a prime candidate for decarbonizing the shipping industry. Also, hydrogen will be key in heavy-duty trucking and trucks transport goods from ports.
Gulf State Hydrogen Hub: The Gulf State Hydrogen Hub will be centered in Houston, Texas, and will cover most of the Gulf Coast and southeast Texas. Texas has large quantities of energy to use in producing hydrogen.
Heartland Hydrogen Hub: The Heartland Hydrogen Hub is hosted in Minnesota and includes a significant presence in North Dakota and South Dakota, and takes advantage of the uses the very inexpensive and abundant wind resources to make clean hydrogen. The hydrogen generated in the Heartland Hydrogen Hub will be at least partly used for agricultural purposes, as hydrogen is a key component in making fertilizer.
Mid-Atlantic Hydrogen Hub: The Mid-Atlantic Hydrogen Hub spans parts of Pennsylvania, Delaware and New Jersey and will take advantage of repurposed infrastructure along the Delaware River.
Midwest Hydrogen Hub: The Midwest Hydrogen Hub is in Illinois, northwestern Indiana and southwestern Michigan and will produce hydrogen from, among other sources, nuclear power. Also, the Midwest Hydrogen Hub is located at a transportation crossroads for the United States, which made it appealing.
Pacific Northwest Hydrogen Hub: The Pacific Northwest Hydrogen Hub encompasses eastern Washington, northeastern Oregon and some parts of Montana and will produce hydrogen for making fertilizer. It will likely connect with the California Hydrogen Hub.
The hydrogen hubs that use natural gas to produce hydrogen will use carbon capture technology, senior administration officials said. The hydrogen hubs that use renewable clean energy will use a combination of new, clean energy sources and some will use existing sources of clean energy at the region.
Also, the hydrogen tax credit included in the Inflation Reduction Act will be a key component to the economic viability of these hubs. The guidance on how that tax credit will be adjudicated is not yet out yet, but is expected by the end of the year.
Logo of Aramco, officially the Saudi Arabian Oil Group, Saudi petroleum and natural gas company, seen on the second day of the 24th World Petroleum Congress at the Big 4 Building at Stampede Park, on September 18, 2023, in Calgary, Canada.
Artur Widak | Nurphoto | Getty Images
Saudi Aramco on Tuesday posted a 0.9% jump in third-quarter profit on the back of higher production even as oil prices remained under pressure.
Here are Aramco’s third-quarter 2025 results compared with LSEG consensus estimates:
Adjusted net income: 104.92 billion Saudi riyals ($27.98 billion) vs. 98.47 billion Saudi riyals
Revenue: 418.16 billion vs. 411.26 billion Saudi riyals
“We increased production with minimal incremental cost, and reliably supplied the oil, gas and associated products our customers depend on, driving strong financial performance and quarterly earnings growth,” Aramco CEO Amin Nasser said.
The world’s largest oil company reported a free cash flow of $23.6 billion compared with $22 billion a year earlier. The board also declared the 2025 base dividend of $21.1 billion and performance-linked dividend of $0.2 billion to be paid in the fourth quarter.
The results come as Aramco faces a profit squeeze amid weaker oil prices — down over 6% this year until September — except for a short-lived surge in the second quarter triggered by tensions between Israel and Iran.
Year-to-date, spot prices of the U.S. West Texas Intermediate are down over 16%, data from FactSet showed. Similarly, the global benchmark Brent is down over 12%.
Over the weekend, OPEC+ announced a modest increase in oil production for December and decided to halt further hikes during the first quarter of next year. The cartel members agreed to raise their December production target by 137,000 barrels per day, matching the hike for October and November.
Since April, OPEC+ has raised its output targets by approximately 2.9 million barrels per day but began easing the pace of these increases in October over expectations of a market glut.
Adding to the complexity, new Western sanctions on Russia, a key OPEC+ member, are posing difficulties for the group’s production strategy, as Moscow faces limits in boosting output after the U.S. imposed additional restrictions on the country’s major oil producers Rosneft and Lukoil.
Nasser added that the company’s stake in HUMAIN is expected to further drive innovation and progress its role in the “crucial and rapidly evolving AI sector.”
A $5.7B lawsuit filed in Federal court alleges that Toyota operated what amounts an organized, fraudulent enterprise that intentionally concealed known, catastrophic safety defects associated with their hydrogen fuel cell-powered Toyota Mirai sedans.
Originally passed as part of the Organized Crime Control Act of 1970, the Racketeer Influenced and Corrupt Organizations (RICO) Act is designed to help prosecutors go after people or companies that commit a pattern of crimes as part of an ongoing organization or enterprise — like the Mafia (which doesn’t exist), or large-scale fraud operations at a corporation.
That RICO statute is now at the center of a new case against Toyota. In it, the plaintiff’s attorneys argue that Toyota knowingly engaged in a decade of fraud surrounding the hydrogen fuel cell-powered MIrai sedan that jeopardized public safety and breached the terms of a previous DOJ settlement.
The case, filed by Jason M. Ingber, lead attorney for the plaintiffs in the US District Court for the Central District of California, is a 142-page RICO complaint alleging that Toyota, its financing arm, and its California dealerships coordinated conspired to market and finance HFCEVs that technicians allegedly referred to as, “ticking hydrogen bombs.”
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“This lawsuit isn’t about a simple defect, it’s about organized fraud,” argues Mr. Ingber. “Toyota engineered, financed, and controlled California’s hydrogen network, then used that control to hide safety failures and financial harm to consumers.”
According to the complaint, Toyota and its hydrogen partner, FirstElement Fuel (True Zero), intentionally concealed evidence of:
hydrogen leaks near hot engine components, creating explosion risks
sudden power loss, acceleration, and braking failures leading to collisions and injuries
aggressive financial collection tactics by Toyota Motor Credit Corporation, targeting owners of inoperable vehicles.
The suit further argues that Toyota’s concealment of these facts violates a 2014 Deferred Prosecution Agreement with the US Department of Justice (DOJ), in which the company admitted to concealing safety defects surrounding the highly publicized incidents of unintended-acceleration and agreed to report all (emphasis mine) future safety issues truthfully.
Ingber is seeking treble damages for the class, injunctive relief, and a federal order halting Toyota’s hydrogen enterprise, citing a continuing pattern of mail and wire fraud.
“Toyota built its reputation on trust,” Ingber said, in a statement. “Our case will show how that trust is violated and why consumers deserve accountability now.”
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Solar and wind together accounted for 88% of new US electrical generating capacity added in the first eight months of 2025, according to data just released by the Federal Energy Regulatory Commission (FERC) which was reviewed by the SUN DAY Campaign. In August, solar energy alone provided two-thirds of the new capacity, marking two consecutive years in which solar has led every month among all energy sources. Solar and wind each added more new capacity than natural gas did. Within three years, the share of all renewables in installed capacity may exceed 40%.
Solar was 73% of new generating capacity YTD
In its latest monthly “Energy Infrastructure Update” report (with data through August 31, 2025), FERC says 48 “units” of solar totaling 2,702 megawatts (MW) came online in August, accounting for 66.4% of all new generating capacity added during the month. That represents the second-largest monthly capacity increase by solar in 2025, behind only January when 2,945 MW were added.
The 505 units of utility-scale (>1 MW) solar added during the first eight months of 2025 total 19,093 MW and accounted for 73.4% of the total new capacity placed into service by all sources.
Solar has now been the largest source of new generating capacity added each month for two consecutive years, between September 2023 and August 2025. During that period, total utility-scale solar capacity grew from 91.82 gigawatts (GW) to 156.20 GW. No other energy source added anything close to that amount of new capacity. Wind, for example, expanded by 11.16 GW while natural gas’ net increase was just 4.36 GW.
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Renewables were 88% of new capacity added YTD
Between January and August, new wind has provided 3,775 MW of capacity additions – more than the new capacity provided by natural gas (3,095 MW). Wind thus accounted for 14.5% of all new capacity added during the first eight months of 2025.
For the first eight months of 2025, the combination of solar and wind (plus 4 MW of hydropower and 3 MW of biomass) accounted for 88.0% of new capacity, while natural gas provided just 11.9%. The balance of net capacity additions came from oil (20 MW) and waste heat (17 MW).
Solar + wind are almost 25% of US utility-scale generating capacity
Utility-scale solar’s share of total installed capacity (11.62%) is now almost equal to that of wind (11.82%). If recent growth rates continue, utility-scale solar capacity should equal and probably surpass that of wind in the next “Energy Infrastructure Update” report published by FERC.
Taken together, wind and solar make up 23.44% of the US’s total available installed utility-scale generating capacity.
Moreover, almost 29% of US solar capacity is in the form of small-scale (e.g., rooftop) systems that are not reflected in FERC’s data. Including that additional solar capacity would bring the share provided by solar + wind to more than a quarter of the US total.
With the inclusion of hydropower (7.59%), biomass (1.06%), and geothermal (0.31%), renewables account for a 32.40% share of total US utility-scale generating capacity. If small-scale solar capacity is included, renewables make up more than one-third of total US generating capacity.
Solar is still on track to become the No. 2 source of US generating capacity
FERC reports that net “high probability” net additions of solar between September 2025 and August 2028 total 89,953 MW – an amount almost four times the forecast net “high probability” additions for wind (23,223 MW), the second fastest-growing resource.
FERC also foresees net growth for hydropower (566 MW) and geothermal (92 MW), but a decrease of 126 MW in biomass capacity.
Meanwhile, natural gas capacity is projected to expand by 8,481 MW, while nuclear power is expected to add just 335 MW. In contrast, coal and oil are projected to contract by 23,564 MW and 1,581 MW, respectively.
Taken together, the new “high probability” net capacity additions by all renewable energy sources over the next three years – i.e., the Trump Administration’s remaining time in office – would total 113,708 MW. On the other hand, the installed capacity of fossil fuels and nuclear power combined would shrink by 16,329 MW.
Should FERC’s three-year forecast materialize, by early fall 2028, utility-scale solar would account for 17.1% of installed U.S. generating capacity, more than any other source besides natural gas (40.0%). Further, the capacity of the mix of all utility-scale renewable energy sources would exceed 38%. Including small-scale solar, assuming it retains its 29% share of all solar, could push renewables’ share to over 41%, while natural gas would drop to about 38%.
“Notwithstanding impediments created by the Trump Administration and the Republican-controlled Congress, solar and wind continue to add more generating capacity than fossil fuels and nuclear power,” noted the SUN DAY Campaign’s executive director Ken Bossong. “And FERC foresees renewable energy’s role expanding in the next three years while the shares provided by coal, oil, natural gas, and nuclear all contract.”
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