FuelCell Energy Inc (FCEL): $FCEL Biden’s Energy Secretary, Jennifer...

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Re: XenaLives post# 40063

Wednesday, 09/15/2021 11:07:03 AM

Wednesday, September 15, 2021 11:07:03 AM

$FCEL Biden’s Energy Secretary, Jennifer Granholm, has recently announced a plan to ensure affordability of clean energies by decreasing costs, including among the plans fuel cells and hydrogen. To increase its competitiveness against other fuels for similar applications, such as natural gas, Granholm hopes to shrink hydrogen’s price by 80% by 2030. Along with hydrogen, she proposed across-the-board price cuts to renewables, including electric batteries and solar, all of which will be used by the administration to reach the aforementioned emissions reduction by 2030 and net-zero by 2050.

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