Cleaner hydrogen production hubs in California, the Pacific NW and the Appalachian region—of seven DOE picked last
year to negotiate hundreds of millions of
dollars in federal project support—are the first
to receive initial funding awards.
The companies will continue to develop systems that use the lifting of large composite blocks and the pumping of water to store potential energy for later power generation.
Clayco broke ground on Ray Phoenix, a 26-story, 523,000-sq-ft residential tower in Phoenix, on May 31. Slated for completion in early 2026, the project is being developed as a joint venture between Ray and VeLa.
The Biden administration propels efforts to upgrade U.S. grid infrastructure as new reports show big power demand from data centers, AI and planned hydrogen fuel production.