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Caption: Is Becoming a Hydrogen Hub a Good Thing? California’s Soon to Find Out
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““May the sun in his course visit no land more free, more happy, more lovely, than this our own country!”“ — —_Daniel Webster_
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### **Betting Big on Green Hydrogen: California's Ambitious Plan to Decarbonize Hard-Hit Industries**
As part of President Biden's push towards reducing America's reliance on fossil fuels, the Golden State is poised to become ground zero for the nation's burgeoning hydrogen economy. In collaboration with Washington D.C., California aims to inject lifeblood into this nascent sector via a staggering injection of funds - upwards of $1.2 billion earmarked specifically for our West Coast gem alone! This bold initiative aims to revolutionize how products are transported across our roads, skies, and seas with zero emissions.
At stake lies the promise of a shift toward eco-friendly practices within notoriously recalcitrant industries such as logistics, construction, aerospace engineering, plus maritime trade routes worldwide. Proponents argue that harnessing hydrogen holds immense transformative potency by slashing pollutants released during combustion processes, thereby safeguarding both Mother Earth & humanity itself.
Michael Liebreich, Managing Partner @EcoPragmaCapital, astutely remarks: “It is expensive to produce, expensive to transport, expensive to store, expensive to distribute, and expensive to use.” Undeniably true today, yes indeed. Imagine a future where huge cost reductions from mass production make cutting-edge technology accessible to everyone.
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