One clean-burning and potentially abundant resource? Hydrogen! Hydrogen gas forms as a result of reactions between water and rock rich in iron minerals (such as olivine) within Earth's crust. Those reactions are ongoing; thus, hydrogen forms constantly by natural processes.&nbsp;When burned, it emits an exhaust of nothing but water.
Now, as reported by Eric Hand in the journal Science, the U.S. government sees enough potential in hydrogen that an arm of the Department of Energy called ARPA-E (Advanced Research Projects Agency-Energy) has announced $20 million in grants to advance lab-based research and modeling for capturing so-called "geological hydrogen" from deep below ground.
Not to be outdone by the government, Hand says, the private sector is moving forward in the form of a startup called Koloma, which has gathered $91 million in venture capital. These efforts have caught the eyes of oil companies, with the likes of BP and Chevron now supporting a research consortium initiated by the U.S. Geological Survey and the Colorado School of Mines. Thus, per Hand's reporting, it may not be long before hydrogen drills replace oil derricks in a new energy rush around the world.

A Step Closer to Hydrogen, the "Climate-Friendly Fuel"

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