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why is jaykay enterprises limited (500306) rising ✌️【Part-Time Position】✌️ Expert predictions with real-time stock trends, futures prices, and exchange rate changes to help you select stocks accurately and increase investment returns. 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.

why is jaykay enterprises limited (500306) rising ✌️【Part-Time Position】✌️ Free expert predictions on stock trends and real-time data to help you make informed decisions and grow your wealth steadily. Speaking in front of port workers on Friday, Biden touted the hydrogen hubs as a major part of his “Bidenomics” plan to create new jobs and new industries. “It’s all part of my plan to make things in America,” Biden said.

“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 jaykay enterprises limited (500306) rising ✌️【Part-Time Position】✌️ Real-time global stock market trend analysis to help you identify profitable opportunities and improve your investment strategies. 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.”

why is jaykay enterprises limited (500306) rising ✌️【Part-Time Position】✌️ Free access to real-time stock indices, futures data, and market predictions to help you select high-return stocks and build a profitable portfolio. Senior administration officials estimated that together, the seven hubs will eventually produce 3 million tons of hydrogen per year – a third of the total national goal DOE has set for 10 million tons of hydrogen produced by 2030.

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 jaykay enterprises limited (500306) rising ✌️【Part-Time Position】✌️ Professional stock market predictions and analysis with real-time data to guide your investment decisions and ensure 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.

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“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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why is jaykay enterprises limited (500306) rising ✌️【Part-Time Position】✌️ Professional advisors provide accurate market predictions with real-time stock indices, exchange rates, and futures data to help you seize investment opportunities and grow your capital. Still, some environmental groups criticized the announcement, saying it will lead to continued use of fossil fuels and extend the life of that industry.

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