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In the not-too-distant future, America could be powered by hydrogen, the New York Times reports.
A study published in the Journal of the American Chemical Society estimates that by 2030, the US could have enough hydrogen to power itself, as well as produce enough to power itself and fuel its entire economy.
The problem is that hydrogen isn't the primary fuel it's supposed to be.
In fact, it's an energy carrier that requires energy to produce.
"The process of devoting financial and clean energy resources to create hydrogen for applications where it is not optimal will detract from carbon abatement efforts," writes Michael Liebreich at Bloomberg New Energy Finance in a post at Medium.
That's because, as the Times points out, "in a net-zero world, estimates like those provided by the International Renewable Energy Association (IRENA) and the Hydrogen Council forecast the chemical will supply between 12 and 20% of world final energy demand."
In short, it's not a great idea.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Quebec City's Mus ? 'e des beaux-arts du Qu'bec museum is getting a major boost from a single man. Michael Audain, chairman of the Jean Paul Riopelle Foundation, has pledged $10 million toward...more
Foundation: Ford Motor Company Fund
The Ford Motor Company's philanthropic arm is getting a new name: Ford Philanthropy. The rebranding reflects Ford's 75-year legacy of "driving impact in Ford communities around the world," says...more
A leaked list of the European Union's top priorities for the next decade paints a bleak picture for the bloc's efforts to combat climate change. The list, prepared by the European Commission and...more
If you're a teen in Lenawee County, Mich., and you love giving back to your community, you may want to consider becoming a member of the Lenawee YOUTH Council. The council, a program of the...more
Foundation: Whitefish Community Foundation
"But wait. We're not done yet." That was the message from Lois Davis, CEO of the Whitefish Community Foundation, as it handed out $520,300 in grants to 68 nonprofit organizations in the...more
When All Things Right and Relevant closed its doors in Davis, Calif., earlier this year, it left behind a legacy of support for those with mental illness. Now, with $1.3 million from the sale of...more
Foundation: Community Foundation of the Ozarks
Volunteers are needed for a Springfield, Mo., charity that helps kids with disabilities play baseball. Hamra Enterprises, a family-owned company that operates nearly 200 restaurants nationwide,...more
It's that time of year again: time for investors to look back at the last presidential election and see if there's any correlation between it and the performance of the stock market. A Bloomberg...more
Foundation: Kellogg Foundation
For more than 30 years,Henrie Treadwell has been fighting for racial equity at the University of South Carolina, where she became the school's first black graduate since Reconstruction, the...more
If you're an employer looking to attract the next generation of workers, Entrepreneur has some advice: Get to know Gen Z. The list is based on a recent study of 11,495 high school students,...more
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