Green Steel, will the US take on the challenge?
Green Steel is produced using green hydrogen generated from renewable energy rather than fossil fuels.
As is the case of rare earths and other critical materials used in EVs and other green innovations, the United States continuously finds itself in a position of playing catch-up with China’s hyper-nationalistic economy. This time the race is not just over Chinese solar panels or Russian hypersonic missiles. This time it is a race for what will be history’s most prestigious title of “innovation leader of a new age” the age of the new green economy, and the challenge is coming from Europe.