Current:Home > reviewsNew Mexico governor seeks hydrogen investment with trip to Netherlands -AssetVision
New Mexico governor seeks hydrogen investment with trip to Netherlands
View
Date:2025-04-15 20:06:53
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! (5)
Related
- Trump issues order to ban transgender troops from serving openly in the military
- Maria Menounos Says She’s “Grateful to Be Alive” After Welcoming Baby Girl
- Man killed during FBI raid in Utah posted threats online against Biden, sources say
- After seven seasons in the minors, Wes Wilson hit a home run in his first career at-bat
- Meta donates $1 million to Trump’s inauguration fund
- Putin profits off global reliance on Russian nuclear fuel
- Connecticut police officer shoots and kills a suspect while trapped inside a moving stolen vehicle
- Mississippi Supreme Court won’t remove Favre from lawsuit over misspent welfare money
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Trendco to build $43 million facility in Tuskegee, creating 292 jobs
Ranking
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Mic thrown by Cardi B at fan sells for nearly $100,000 at auction
- An illicit, Chinese-owned lab fueled conspiracy theories. But officials say it posed no danger
- After decades, a tribe's vision for a new marine sanctuary could be coming true
- The Grammy nominee you need to hear: Esperanza Spalding
- He worried about providing for his family when he went blind. Now he's got a whole new career.
- Bella Hadid Makes Return to Modeling Amid Health Journey
- Subway offered free subs for life if you changed your name to 'Subway'. 10,000 people volunteered.
Recommendation
Intel's stock did something it hasn't done since 2022
Sheriff: Inmate at Cook County Jail in Chicago beaten to death
Mic thrown by Cardi B at fan sells for nearly $100,000 at auction
Charlize Theron Shares Rare Video of Her Daughters Attending Taylor Swift’s Eras Tour
The Best Stocking Stuffers Under $25
Who’s to blame for college football conference realignment chaos? Here are top candidates.
$1.58 billion Mega Millions jackpot winning ticket sold in Florida
Will AI deepen distrust in news? Gannett, other media organizations want more regulations.