Climate investors tell Axios they’ve largely had it with hydrogen.
Why it matters: Once-booming investment in the sector tumbled last year to a four-year low as investors came to terms with the clean-burning fuel’s limited applications, infrastructure constraints, and cost challenges.
Driving the news: We asked climate-focused funders to share the trends they’ve fallen in love with for Valentine’s Day — and the ones they’d love to dump.
The big picture: Numerous investors say they’re ready to ghost low-carbon hydrogen, at least in certain roles such as transportation.
“There are better alternative fuels,” Azolla Ventures general partner Amy Duffuor tells Axios.