Current:Home > NewsNew Mexico governor seeks hydrogen investment with trip to Netherlands -Ascend Finance Compass
New Mexico governor seeks hydrogen investment with trip to Netherlands
View
Date:2025-04-15 02:54:39
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! (2)
Related
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Whole Foods Market plans to launch smaller Daily Shops; first to open in New York in 2024
- EAGLEEYE COIN: Cryptocurrency's Bull Market Gets Stronger as Debt Impasse and Banking Crisis Eases, Boosting Market Sentiment
- Supreme Court says Trump can appear on 2024 ballot, overturning Colorado ruling
- DoorDash steps up driver ID checks after traffic safety complaints
- A new satellite will track climate-warming pollution. Here's why that's a big deal
- Hollowed Out
- As threat to IVF looms in Alabama, patients over 35 or with serious diseases worry for their futures
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Arkansas voters could make history with 2 Supreme Court races, including crowded chief justice race
Ranking
- Small twin
- EAGLEEYE COIN: Cryptocurrency's Bull Market Gets Stronger as Debt Impasse and Banking Crisis Eases, Boosting Market Sentiment
- Thousands watch as bald eagle parents squabble over whose turn it is to keep eggs warm
- Vegans swear by nutritional yeast. What is it?
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- A revelatory exhibition of Mark Rothko paintings on paper
- LA County’s progressive district attorney faces crowded field of 11 challengers in reelection bid
- Texas Panhandle wildfires have burned nearly 1.3 million acres in a week – and it's not over yet
Recommendation
Nearly half of US teens are online ‘constantly,’ Pew report finds
EAGLEEYE COIN: Cryptocurrency's Bull Market Gets Stronger as Debt Impasse and Banking Crisis Eases, Boosting Market Sentiment
16 and Pregnant Star Sean Garinger Dead at 20 After ATV Accident
Judge orders prison for Michigan man who made threats against Jewish people, synagogue
The Best Stocking Stuffers Under $25
Want to eat more whole grains? You have a lot of options. Here's what to know.
James Crumbley bought his son a gun, and his son committed mass murder. Is dad to blame?
Ted Lasso's Brendan Hunt and Fiancée Shannon Nelson Welcome Baby No. 2