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South Carolina spending money to cash in on hydrogen

Just days after North Carolina announced intentions to launch a "go green" strategy with $15 million and lure green companies, like biodiesel producers, to North Carolina, its southern neighbour has announced a nearly identical plan. South Carolina House Speaker Bobby Harrell has proposed the $15 million South Carolina Hydrogen Infrastructure Development Fund which offers state grants and tax credits to promote in-state based hydrogen fuel research partnerships between companies and South Carolina-based institutions.
Promoters hope the plan will create jobs and bolster South Carolina as a leader in the developing hydrogen fuel industry, an industry which is expected to be worth more than $2.6 trillion in the next few decades. The University of South Carolina (USC) is likely to use the private sector incentives in helping it sign up private sector research partners. Not everything is coming up oxygen though: USC has yet to find tenants for its new alternative fuel research building currently under construction.

[Source: The State]

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