Current:Home > FinanceNew Mexico governor seeks hydrogen investment with trip to Netherlands -Wealth Navigators Hub
New Mexico governor seeks hydrogen investment with trip to Netherlands
View
Date:2025-04-16 00:05:33
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! (9558)
Related
- What to watch: O Jolie night
- “Gutted” Victoria Monét Cancels Upcoming Shows Due to Health Issues
- Tom Hanks asks son Chet to fill him in on Kendrick Lamar and Drake beef: 'Holy cow!'
- OpenAI disables ChatGPT voice that sounds like Scarlett Johansson
- Arkansas State Police probe death of woman found after officer
- Max the cat receives honorary doctorate in 'litter-ature’ from Vermont university
- Greg Olsen on broadcasting, Tom Brady and plans to stay with Fox. 'Everyone thinks it's easy'
- Palace Shares Update on Kate Middleton's Return to Work After Cancer Diagnosis
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Congo's army says 3 Americans among those behind coup attempt that was nipped in the bud
Ranking
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Powerball winning numbers for May 20 drawing: Jackpot grows to $100 million
- Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
- Review: Stephen King knows 'You Like It Darker' and obliges with sensational new tales
- Trump issues order to ban transgender troops from serving openly in the military
- Federal jury rules against couple who sued Arkansas steakhouse over social-distancing brawl
- Arizona grad student accused of killing professor in 2022 had planned the crime, prosecutor says
- See Dwayne Johnson transform into Mark Kerr in first photo from biopic 'The Smashing Machine'
Recommendation
Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
Over 200,000 electric stoves from Kenmore, Frigidaire recalled after multiple fires, injuries
Memorial Day weekend 2024 could break travel records. Here's what to know.
'People of the wrong race': Citi hit with racial discrimination lawsuit over ATM fees
$73.5M beach replenishment project starts in January at Jersey Shore
Arizona grad student accused of killing professor in 2022 had planned the crime, prosecutor says
Parole delayed for former LA police detective convicted of killing her ex-boyfriend’s wife in 1986
Congo's army says 3 Americans among those behind coup attempt that was nipped in the bud