US launches $1bn initiative to ‘jumpstart’ hydrogen

So they know it’s a dud already now and need a figleaf effort to show they care. 1 billion sounds much but it’s not even a mid-sized LNG project you can do with that. One LNG export project often has a price tag in the double-digit billions and there are many of those. 1 billion is going to be nice money for friends and family in kickbacks and public research grants but it does nothing to make anything significant a reality. That being said, let’s be happy about this. We already have a working hydrogen option – it’s called methane. 

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