Post by
bmbruce on Jan 09, 2021 2:42am
Plug Power CEO on the Hydrogen fuel cell industry
Theres no better friend to the fuel cell industry over the last 20 years than Sen. [Chuck] Schumer and, boy, [hell be] in charge of what legislation gets to the floor, Plug Power CEO Andrew Marsh, reacting to the results of Tuesdays Georgia Senate runoffs, told CNBC.... ...I think its going to be a great time for the hydrogen fuel cell industry, and being a New York company, we couldnt be luckier to have such a great senator, he said in a Mad Money interview Thursday. After Democrats Raphael Warnock and Jon Ossoff won their respective Senate runoffs, tilting power in the chamber to the Democratic Party, President-elect Joe Biden will enjoy a government trifecta.... President-elect Joe Biden is seen as a positive for the renewable energy industry. As part of his climate change plan, the former vice president laid out a goal of using renewables to produce carbon-free hydrogen at the same cost of producing shale gas. With Democrats in control of the House and the Senate, where Vice President-elect Kamala Harris will serve as a tiebreaking vote, Biden and Democrats will have an easier path to push through their policy priorities. The cost of hydrogen fuel and other renewable energies has presented a challenge over the years to get the ball rolling on the industry. Green energy is expected to be a disruptive force in transportation. Green hydrogen is tied to the cost of wind and solar, which now comes at a cost thats competitive with traditional fuels in electricity, Marsh said. If you can have electricity at 4 cents a kilowatt-hour, leveraging electrolysis, you can generate hydrogen comparable with natural gas, Marsh explained. Electrolysis, a way to split hydrogen and oxygen in water using electricity, is seen as a possible method to produce hydrogen out of renewable resources, according to the U.S. Department of Energy." https://www.cnbc.com/2021/01/07/plug-power-ceo-expresses-optimism-for-hydrogen-under-democratic-senate.html