Originally published April 5 2005
Florida wants to see more development of hydrogen technologies
by Mike Adams, the Health Ranger, NaturalNews Editor
The Florida Department of Environmental Protection is sponsoring legislation to advance Florida's use of hydrogen technologies in its state economy. The legislation provides tax credits for companies making purchases of equipment used in hydrogen technology, provides grants for demonstration projects, and creates uniform standards for hydrogen fueling stations.
To help to establish Florida as a leader in the development of hydrogen energy technology and to encourage corporate investment in the state, the Department of Environmental Protection (DEP) is spearheading the Florida Hydrogen Energy Technologies Act.Unveiled last month by Governor Jeb Bush at the groundbreaking of Florida's first hydrogen energy station, the legislation advances Florida's hydrogen economy through demonstration projects and financial incentives."Public and private partnerships will expand the commercial availability of hydrogen technology making this safe, clean and sustainable energy a reality rather than a concept."Florida companies will receive temporary corporate tax credits for expenditures and sales tax exemptions on related equipment purchases, making the technology more affordable and prompting increased sales to stimulate investment and job creation.Targeted matching grants will be used to attract corporate investment for select, high value demonstration projects to improve hydrogen and solar energy technologies and infrastructure.Establishes the nation's first statewide sitting standard for hydrogen fueling infrastructure.Creating a single, uniform standard will attract capital investment, reduce costs and ensure consistent safety codes across all regulatory jurisdictions in Florida.Enables Florida's utilities to meet the growing demand for electricity and increase reliability while reducing air emissions.Financial incentives for hydrogen electricity generation and power storage will give utilities greater flexibility to provide emergency back-up power, reduce peak operating costs and protect air quality."Investing in hydrogen energy technology will help bring new companies and jobs to Florida," said Representative Hasner.In 2003, Governor Bush launched "H2 Florida," a statewide initiative to grow the hydrogen technology industry, spur investment and economic opportunity and safeguard the nation's natural resources.H2 Florida partners the state with industry, local governments and academia to accelerate hydrogen innovation and stimulate a consumer market for the newest hi-tech approach to cleaner, sustainable sources of energy.
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