{"id":1473,"date":"2023-10-15T23:22:34","date_gmt":"2023-10-15T23:22:34","guid":{"rendered":"https:\/\/connectwithfund.com\/economy\/biden-talks-up-historic-spending-on-hydrogen-hubs-which-will-be-spread-over-16-states\/"},"modified":"2023-10-15T23:22:35","modified_gmt":"2023-10-15T23:22:35","slug":"biden-talks-up-historic-spending-on-hydrogen-hubs-which-will-be-spread-over-16-states","status":"publish","type":"post","link":"https:\/\/connectwithfund.com\/?p=1473","title":{"rendered":"Biden talks up historic spending on hydrogen hubs, which will be spread over 16 states"},"content":{"rendered":"
\n

President Joe Biden on Friday touted the selection of seven regional projects that will receive a total of around $7 billion in federal funding to build out hydrogen hubs, which are key for meeting climate goals.<\/p>\n

\u201cI\u2019m here to announce one of the largest advanced manufacturing investments in the history of this nation \u2014 $7 billion in federal investments,\u201d Biden said during a speech in Philadelphia. \u201cIt\u2019s going to attract $40 billion in private investment in clean hydrogen power spread over 16 states, creating tens of thousands of good-paying jobs.\u201d<\/p>\n

\n

The president said he\u2019s made it a goal for the U.S. to get to net-zero emissions from pollutants no later than 2050, and he said that clean hydrogen is going to help the country meet that goal.<\/p>\n

The funding for the hydrogen hubs stems from the\u00a02021 bipartisan infrastructure law. The aim of the hubs is to create networks of producers, consumers and connective infrastructure that will accelerate the use of hydrogen, according to the Department of Energy.<\/p>\n

Read more:<\/strong> Hydrogen, carbon capture and nuclear energy feature in most net-zero emissions plans<\/p>\n

The White House said there will be a mid-Atlantic hub for Pennsylvania, Delaware and New Jersey; an Appalachian hub for West Virginia, Ohio and Pennsylvania; and hubs for California and Texas. There is also expected to be a hub for Minnesota, North Dakota and South Dakota; one for Illinois, Indiana and Michigan; and one for Washington state, Oregon and Montana.<\/p>\n

Before his speech, Biden tripped as he went up a set of stairs to a stage, and the Republican National Committee posted video of the stumble. The Democratic incumbent\u2019s opponents have often highlighted his age ahead of next year\u2019s presidential election.<\/p>\n

Biden, who is 80, made a reference to his age at the end of his address.<\/p>\n

\u201cI mean this \u2014 and I know I don\u2019t look it, but I\u2019ve been around for a while \u2014 I\u2019ve never been more optimistic about America\u2019s future,\u201d he said.<\/p>\n

Related:<\/strong> Biden\u2019s age is figuring \u2018prominently\u2019 in the 2024 White House race \u2014 but here\u2019s what the pundits could be getting wrong<\/p>\n

And see: <\/strong>Here\u2019s how the Republican presidential candidates say they\u2019ll whip inflation<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

President Joe Biden on Friday touted the selection of seven regional projects that will receive a total of around $7 billion in federal funding to build out hydrogen hubs, which are key for meeting climate goals. \u201cI\u2019m here to announce one of the largest advanced manufacturing investments in the history of this nation \u2014 $7 billion in federal investments,\u201d Biden said during a speech in Philadelphia. \u201cIt\u2019s going to attract $40 billion in private investment in clean hydrogen power spread over 16 states, creating tens of thousands of good-paying jobs.\u201d The president said he\u2019s made it a goal for the<\/p>\n","protected":false},"author":1,"featured_media":1474,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-1473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"\nBiden 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