Florida Govermor, Jeb Bush, revealed that the Department of Environmental Protection (DEP) is spearheading the Florida Hydrogen Energy Technologies Act. Florida intends to be on the cutting edge of developing hydrogen technologies.
The Hydrogen Energy Technologies Act:
* Increases capital investment and job creation by reducing the costs of purchasing, manufacturing and developing hydrogen energy technologies. Florida companies will receive temporary corporate tax credits for expenditures and sales tax exemptions on related equipment purchases, making the technology more affordable and prompting increased sales to stimulate investment and job creation.
* Expands private-public partnerships to accelerate the commercialisation of hydrogen energy technologies and spur investment in Florida. Targeted matching grants will be used to attract corporate investment for select, high value demonstration projects to improve hydrogen and solar energy technologies and infrastructure.
* Establishes the nation's first statewide siting standard for hydrogen fueling infrastructure. Creating a single, uniform standard will attract capital investment, reduce costs and ensure consistent safety codes across all regulatory jurisdictions in Florida.
*Enables Florida's utilities to meet the growing demand for electricity and increase reliability while reducing air emissions. Financial incentives for hydrogen electricity generation and power storage will give utilities greater flexibility to provide emergency back-up power, reduce peak operating costs and protect air quality.
