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NovoHydrogen Gets $20 Million Boost to Make Biden’s Future Fuel

US startup NovoHydrogen Holdings LLC received a $20 million equity investment from Modern Energy Group LLC to develop green hydrogen production plants across North America as the US pushes use of the carbon-free fuel.

The financial backing “really equips us to keep developing and get that steel in the ground,” Chief Executive Officer Matt McMonagle said in an interview.

Read the full Bloomberg article here