Current:Home > FinanceNew Mexico governor seeks hydrogen investment with trip to Netherlands -Horizon Finance School
New Mexico governor seeks hydrogen investment with trip to Netherlands
View
Date:2025-04-12 22:38:18
SANTA FE, N.M. (AP) — The governor of New Mexico has announced plans to court new investments in hydrogen fuel development at a business summit in the Netherlands over the coming week.
In a news release Friday, Gov. Michelle Lujan Grisham said she’ll lead a delegation to an industry summit exhibition in the port city of Rotterdam seeking the “opportunity to sell New Mexico as a dynamic and thriving place for hydrogen industry investment.” She led a similar mission last year to Australia to talk with hydrogen entrepreneurs.
Lujan Grisham, a Democrat, has been a vocal proponent of investments in hydrogen as a transition fuel that can replace fossil fuels with cleaner-burning hydrogen as an energy source for vehicles, manufacturing and generating electricity.
Some environmentalists call hydrogen a false solution because it frequently relies on natural gas as a fuel source. Several New Mexico-based groups have resisted proposed state incentives for hydrogen development, citing concerns that it would prolong natural gas development and increase demand for scarce water supplies.
Hydrogen also can be produced through electrolysis — splitting water molecules using renewable energy sources such as wind and solar power, as well as nuclear power.
New Mexico is a major energy producing state with extensive natural gas reserves and broad recent investments in electrical transmission lines aimed expanding renewable energy production from sources including wind and solar.
The Biden administration last year passed over a four-state bid by New Mexico, Colorado, Utah and Wyoming for a share of $7 billion aimed at kickstarting development and production of hydrogen fuel. It chose instead projects based in California, Washington, Minnesota, Texas, Pennsylvania, West Virginia and Illinois.
The hydrogen summit in Rotterdam has an array of public an private sponsors. Lujan Grisham is traveling with office staff, New Mexico cabinet secretaries for the environment and transportation, and husband Manny Cordova. The New Mexico delegation also includes Rob Black, president of a statewide chamber of commerce.
veryGood! (6)
Related
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- 7 States Urge Pipeline Regulators to Pay Attention to Climate Change
- Titan sub passengers signed waivers covering death. Could their families still sue OceanGate?
- Why Ayesha Curry Regrets Letting Her and Steph's Daughter Riley Be in the Public Eye
- What do we know about the mysterious drones reported flying over New Jersey?
- Tom Brady Spotted on Star-Studded Yacht With Leonardo DiCaprio
- The Largest Arctic Science Expedition in History Finds Itself on Increasingly Thin Ice
- Hundreds of Clean Energy Bills Have Been Introduced in States Nationwide This Year
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- U.S. Power Plant Emissions Fall to Near 1990 Levels, Decoupling from GDP Growth
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Ryan Gosling Responds to Barbie Fans Criticizing His Ken Casting
- Here are the best U.S. cities for young Americans to start their career
- For the intersex community, 'Every Body' exists on a spectrum
- Don't let hackers fool you with a 'scam
- Taylor Hawkins' Son Shane Honors Dad by Performing With Foo Fighters Onstage
- Justin Timberlake Is Thirsting Over Jessica Biel’s Iconic Summer Catch Scene Too
- Why Chrishell Stause Isn't Wearing Wedding Ring After Marrying G-Flip
Recommendation
This was the average Social Security benefit in 2004, and here's what it is now
For the intersex community, 'Every Body' exists on a spectrum
8 Black Lung Indictments Allege Coal Mine Managers Lied About Health Safety
China, India to Reach Climate Goals Years Early, as U.S. Likely to Fall Far Short
California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
For the intersex community, 'Every Body' exists on a spectrum
Transcript: Rep. Veronica Escobar on Face the Nation, June 25, 2023
The Parched West is Heading Into a Global Warming-Fueled Megadrought That Could Last for Centuries