Biden cares nothing about the cost to the consumer he only cares what far left Democrats think. Thie will cost the poor and middle class way too much
https://dailycaller.com/2023/07/06/biden-billion-dollar-hydrogen-program-makes-no-sense-experts/
https://dailycaller.com/2023/07/06/biden-billion-dollar-hydrogen-program-makes-no-sense-experts/
The Biden administration announced plans Wednesday to invest up to $1 billion in “clean hydrogen,” an expensive fuel source that requires significant infrastructure to support it that would be unlikely to get significant private investment if not for government intervention in the energy sector, industry experts told the Daily Caller News Foundation.
The Department of Energy (DOE) announcement stated the administration’s intent to invest the funds into Regional Clean Hydrogen Hubs for the widespread deployment of the technology, with a particular focus on providing “demand-side support” to encourage buyers to come forward and support hydrogen projects, according to the agency’s press release. These demand-side incentives are necessary in part because “clean” or “green” hydrogen must be manufactured using renewable energy sources, a much more expensive process than using fossil fuels, Dan Kish, a senior research fellow at the Institute for Energy Research told the DCNF.Even if the Biden administration is able to push the cost of green hydrogen down via subsidies, investors and buyers have expressed concern that there might not be enough supply of green hydrogen to make the transition away from fossil fuels worth it, E&E News reported. The process of manufacturing green hydrogen — known as electrolysis — converts water into hydrogen using renewable power, and the hydrogen it generates is nearly 14 times as expensive as natural gas to generate the same amount of power, Isaac Orr, a policy fellow at the Center of the American Experiment told the DCNF.