Getting climate, energy & environment news right.

Big-Name Investors Pour Billions Into Clean Hydrogen Projects

Amrith Ramkumar of The Wall Street Journal writes on private sector capital that is pouring billions into clean hydrogen.

The C3 Take
  • The private sector is stepping up to advance clean hydrogen production, which could lead to tremendous emissions reductions.
  • Indian billionaire Gautam Adani and TotalEnergies SE is set to invest $50 billion into clean hydrogen production over the next decade.
  • BlackRock and NextEra have put more than $300 million into Nebraska-based Monolith which is converting natural gas into hydrogen and carbon black, a material that can be used to create everyday products like tires and paint.

“Monolith’s fundraising is being led by TPG’s climate fund and Decarbonization Partners, a joint venture between BlackRock and Singapore’s Temasek Holdings Ltd. Past backers NextEra, South Korean conglomerate SK Group and Mitsubishi Heavy Industries Ltd. also invested. That makes it one of the largest startups in the sector.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

Copyright © 2020 Conservative Coalition for Climate Solutions

Subscribe to our exclusive email designed for conservatives who care about climate.

Help us promote free market solutions for climate change.

5 Incredible Ways Economic Freedom Helps the Planet.

Sign up for our newsletter now to get the full list right in your inbox.

Thank you for signing up

Help us promote sensible solutions for both planet and prosperity.

Download Now