The uncertainty created by the potential second Trump presidency has drawn first blood in the hydrogen space, with Universal Hydrogen folding having failed to raise any capital in its latest funding round. No strategic sale could be achieved and thus one of the pioneers of hydrogen aviation is being forced to close its doors after getting through $100 million of investor funding since its 2020 launch. This leaves us to ask what hope there is for the American green hydrogen sector if Donald Trump returns to the White House, not to mention plausible Republican gains in the House and Senate. The answer is that it all comes down to biofuels. There’s something about biofuels and Republicans that clicks, as evidenced…