Current:Home > StocksNew Mexico governor seeks hydrogen investment with trip to Netherlands -FundPrime
New Mexico governor seeks hydrogen investment with trip to Netherlands
View
Date:2025-04-12 14:33:27
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! (2584)
Related
- Sam Taylor
- Boy Meets World's Trina McGee Shares She Experienced a Miscarriage
- What are Instagram Teen Accounts? Here's what to know about the new accounts with tighter restrictions
- 'Boy Meets World' star Trina McGee suffers miscarriage after getting pregnant at age 54
- The company planning a successor to Concorde makes its first supersonic test
- New Lululemon We Made Too Much Drop Has Arrived—Score $49 Align Leggings, $29 Bodysuits & More Under $99
- Online overseas ballots for Montana voters briefly didn’t include Harris as a candidate
- Policing group says officers must change how and when they use physical force on US streets
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Llewellyn Langston: Tips Of Using The Commodity Channel Index (CCI)
Ranking
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Jennifer Aniston’s Ex Brad Pitt Reunites With Courteney Cox for Rare Appearance Together
- Critics say lawmakers watered down California’s lemon car law after secret lobbyist negotiations
- Charli XCX, Jameela Jamil chose to keep friends as roommates. It's not that weird.
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- St. Johnsbury police officer pleads not guilty to aggravated assault
- Boy Meets World's Trina McGee Shares She Experienced a Miscarriage
- Jill Biden and Al Sharpton pay tribute to civil rights activist Sybil Morial
Recommendation
This was the average Social Security benefit in 2004, and here's what it is now
Victoria Monét Confirms Break Up With Partner John Gaines Amid Separation Rumors
California becomes latest state to restrict student smartphone use at school
QTM Community: The Revolutionary Force in Future Investing
Bill Belichick's salary at North Carolina: School releases football coach's contract details
North Carolina absentee ballots are being distributed following 2-week delay
Llewellyn Langston: A Financial Innovator in the AI Era, Leading Global Smart Investing
Trade Russell Wilson? QB deal is right move for both Steelers, Dolphins