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- Biden’s Billion Dollar Hydrogen Program Makes No ‘Economic Or Common Sense,’ Industry Experts Say
Biden’s Billion Dollar Hydrogen Program Makes No ‘Economic Or Common Sense,’ Industry Experts Say
by John Hugh Demastri DailyCaller.com
The Biden administration announced plans Wednesday to invest up to $1 billion in “clean hydrogen,” an expensive fuel source that requires significant infrastructure to support it that would be unlikely to get significant private investment if not for government intervention in the energy sector, industry experts told the Daily Caller News Foundation.
The Department of Energy (DOE) announcement stated the administration’s intent to invest the funds into Regional Clean Hydrogen Hubs for the widespread deployment of the technology, with a particular focus on providing “demand-side support” to encourage buyers to come forward and support hydrogen projects, according to the agency’s press release. These demand-side incentives are necessary in part because “clean” or “green” hydrogen must be manufactured using renewable energy sources, a much more expensive process than using fossil fuels, Dan Kish, a senior research fellow at the Institute for Energy Research told the DCNF.