ARPA-E is doling out grants to top energy labs, universities and private companies including Koloma to find the best ways to tap naturally occurring hydrogen.
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The Energy Department is providing $20 million to help develop better ways to drill for hydrogen that could someday power everything from cars to container ships.
Koloma has raised $91 million to drill for hydrogen continuously generated underground. If it succeeds, it could turbocharge the clean energy revolution and tap a $1 trillion market.