On December 3, 2024, the Virginia Clean Energy Innovation Bank, powered by the Virginia Department of Energy, announced two new funding opportunities totaling $1.5 million to support the development of a hydrogen hub and carbon storage projects in Southwest Virginia. $1 million in funding is available for programs supporting blue and green hydrogen production with a focus on repurposing previously mined lands and energy-ready industrial sites. Up to $500,000 in funding is also available for carbon storage feasibility studies related to underground gas zones. Program applications are due January 31, 2025. More information can be found here.