Connect with us

Hi, what are you looking for?

Fibonacci Tech News

Biden administration doles out $7 billion for hydrogen hubs

Joe Biden visits the Cummins Power Generation Facility in Fridley, Minnesota, on Monday, April 3rd, 2023. Last year, Cummins announced Fridley would be the site of its first electrolyzer manufacturing facility in the US. | Photo by Elizabeth Flores / Star Tribune via Getty Images

The Biden administration will funnel $7 billion into seven different “hubs” for hydrogen production across the US. It’s part of President Joe Biden’s plan to transition the nation to clean energy, even though the environmental benefits of hydrogen still hinge on overhauling the way the fuel is traditionally made.

Hydrogen combustion creates water vapor, unlike fossil fuels that release greenhouse gas emissions when burned. That’s seen as especially valuable for cleaning up aviation, maritime shipping, and heavy industries like steel that are more difficult to run on renewable energy and batteries. The tricky part with hydrogen is cleaning up pollution from the process of making it. Most hydrogen today is made using fossil fuels, and a…

Continue reading…

You May Also Like

Fibonacci Stock News

In the previous technical note, it was categorically mentioned that while the markets may attempt to inch higher, they may not form anything beyond...

Fibonacci Investing News

Chris Edwards Many American cities need more low‐​income housing, but governments reduce supply and raise construction costs with regulations, taxes, and bureaucracy. The Wall...

Fibonacci Tech News

Illustration by Alex Castro / The Verge The question of who gets to regulate crypto has some answers, as a judge has ruled the...

Fibonacci Stock News

If you look at a chart of PLTR stock, you can see that it has had quite a ride, from its short-lived period of...