DOE has identified several materials essential for energy that are subject to supply risk, including: dysprosium, neodymium, terbium, europium, and yttrium.
The Energy Innovation HUB would be a consortium which comes together to help solve our critical materials problems. The structure of a HUB is left to the applicants to determine, but it will likely be a scientifically-based organization with real world input from industry.
The solicitation says that there will be one award for $120 million over a maximum of 5 years. Up to $20 million will be awarded for the first year, of which up to $10 million may be used to establish a HUB infrastructure—including renovations to existing buildings but not new construction.
Read the FOA here: https://eere-exchange.energy.gov/#FoaId71ef57c0-ce63-4f56-865c-76ff132eaf21