Current:Home > StocksNew Mexico governor seeks hydrogen investment with trip to Netherlands -ProWealth Academy
New Mexico governor seeks hydrogen investment with trip to Netherlands
View
Date:2025-04-26 13:39:10
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! (671)
Related
- The Grammy nominee you need to hear: Esperanza Spalding
- What you need to know about the origins of Black History Month
- Lawmaker resigns shortly before Arizona House was to vote on expelling her
- NCAA spent years fighting losing battles and left itself helpless to defend legal challenges
- Average rate on 30
- OnlyFans Model Courtney Clenney’s Parents Arrested in Connection With Evidence Tampering in Murder Case
- NBA stars serious about joining US men's basketball team for 2024 Paris Olympics
- Nevada attorney general launches go-it-alone lawsuits against social media firms in state court
- 2 killed, 3 injured in shooting at makeshift club in Houston
- 2 homeowners urged to evacuate due to Pennsylvania landslide
Ranking
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Man who faked disability to get $600,000 in veterans benefits pleads guilty
- The fight over banning menthol cigarettes has a long history steeped in race
- 6 books to help young readers learn about Black history
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Horoscopes Today, February 1, 2024
- Traffic dispute in suburban Chicago erupts into gunfire, with 4 shot
- 'Mr. & Mrs. Smith' are back — so are the fights and bewitching on-screen chemistry
Recommendation
The company planning a successor to Concorde makes its first supersonic test
Kentucky House committee passes bill requiring moment of silence in schools
Secret US spying program targeted top Venezuelan officials, flouting international law
Chicago becomes latest US city to call for cease-fire in Israel-Hamas war
Grammy nominee Teddy Swims on love, growth and embracing change
Kanye West and Travis Scott Reunite for Surprise Performance of “Runaway”
Kentucky spending plan calling for more state funding of student transportation advances
How Heidi Klum Reacted After Daughter Leni Found Her Sex Closet