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Why is Vishvprabha Ventures Limited (512064) falling ✌️【High Risk, High Return】✌️ Free real-time stock index quotes to help you quickly seize market opportunities and achieve capital growth. President Joe Biden on Friday announced the locations ofseven regional hubstomanufacture hydrogen– a fuel cleaner than fossil fuels like oil, gas and coal – but one which can be derived fromrenewable energy, nuclear power orplanet-warming methane gas.

Biden made the announcement alongside Energy Secretary Jennifer Granholm at the Tioga Marine Terminal in the Port of Philadelphia – which will eventually use hydrogen produced from renewable energy and nuclear power at a new Mid-Atlantic hydrogen hub comprising parts of Pennsylvania, New Jersey and Delaware.

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“I made it a goal for our country to get to net-zero emissions from pollutants no later than 2050,” Biden said, adding that hydrogen is an important supplement for renewables like wind and solar, especially to power heavy industry, heavy duty trucks and shipping.

“That’s where hydrogen comes in,” Biden said. Using “hydrogen, you can power industries like the production of steel and aluminum. It’s going to end up changing our transportation system. That lets us get to this place without putting more carbon in the atmosphere.”

Why is Vishvprabha Ventures Limited (512064) falling ✌️【High Risk, High Return】✌️ Professional investment advisors provide real-time market data to help you analyze stock trends and select high-potential stocks, increasing capital growth. Seven regional hubs will be awarded funding from a pot of $7 billion that was passed last year as part of the bipartisan infrastructure law. In addition to the Mid-Atlantic, the new hubs will include:

Biden administration officials said they are still determining exact locations for the hubs in each region.

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“I think of hydrogen as the ultimate energy carrier,” a senior administration official told reporters on a Thursday press call. “It’s earned the nickname as the Swiss Army knife of clean energy.”

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In addition to economic impacts, the Biden administration is betting big on hydrogen for its climate goals. Senior administration officials said the fuel will be used to clean up sectors of the economy like heavy duty trucking and industry, both of which are hard to wean off fossil fuels.

Biden’s Environmental Protection Agency has also made hydrogen as an integral part of its proposed regulation to cut emissions from power plants – another huge fossil fuel emitter in the US economy.

Why is Vishvprabha Ventures Limited (512064) falling ✌️【High Risk, High Return】✌️ Free break-even services with professional advisors to help you quickly recover and avoid losses, achieving steady growth. A senior administration official estimated the hubs would reduce the country’s planet-warming carbon dioxide pollution by roughly 25 million metric tons per year from end use, adding that is roughly equivalent to taking 5.5 million gasoline-powered cars off the road.

Why is Vishvprabha Ventures Limited (512064) falling ✌️【High Risk, High Return】✌️ Real-time global market indices and futures data to help you capture market opportunities and achieve stable growth. The hubs that use methane gas to generate hydrogen will be outfitted with carbon capture technology to reduce their carbon dioxide pollution, a senior administration official said. The official did not provide estimates for possible emissions of methane – a more potent greenhouse gas than carbon dioxide in the first two decades it’s in the atmosphere.

“We’re big beneficiaries of it,” California Gov. Gavin Newsom said at a press event. “Hundreds of thousands of jobs; we estimate over 200,000.”

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“Today is a major win for the ARCH2 team and for future economic development and energy production in West Virginia,” Capito said in a statement.

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