Now Publicly Available
- Stock Symbol: NEWH
Dr. Ivor John will assist the Company in deploying its first demonstration green hydrogen generator
SANTA CLARITA, Calif., March 29, 2022 (GLOBE NEWSWIRE) -- NewHydrogen, Inc. (OTC:NEWH), a developer of breakthrough green hydrogen technologies, announced today that Dr. Ivor John, a recognized expert in the hydrogen value chain, including production, storage, distribution, and end use, will serve as an advisor to the Company, effective immediately.
Ivor will be focused on helping the Company identify and connect with partners and communities looking to pursue green hydrogen generation as part of their clean energy portfolio. The Company recently announced that Verde, LLC will manufacture green hydrogen generation systems for NewHydrogen, which the Company will purchase for use at the sites.
An atmospheric physicist who has worked as an environmental consultant and auditor, Ivor is specialized in air quality, climate change and the analysis of air emissions and Greenhouse Gases (GHGs). His work experience includes a broad range of industry sectors, primarily with energy, and his clients have included oil and gas companies and utilities. He has been a leader in the field of GHG emissions verification services and has audited several hundred process and manufacturing facilities. He was a founder and manager of a startup company that focused on the application of low-emissions technologies for heavy duty vehicles and fleet services. He managed one of the first large battery electric fleet deployments for the US Postal Service.
With more than ten years as an advocate of hydrogen technology advancement, Ivor has a unique understanding of the technologies used across the hydrogen value chain. He recently led the development of a Hydrogen Readiness Plan for the Central Coast Region of California. Ivor received his Bachelor of Science degree in Meteorology and Physics from the University of Reading, and his Ph.D. in Physics of the Atmosphere from the University of Wales, Aberystwyth.
“We are excited to welcome Dr. John to our team and expect him to have an immediate impact in strengthening our planning and deployment of the Company’s first demonstration Green Hydrogen Generator,” said Dr. David Lee, CEO of NewHydrogen. “His experience in hydrogen readiness planning for the California Central Coast Tri-counties draws many parallels to what we are seeking to do at NewHydrogen. We are confident that his credentials will also positively support and complement our activities at UCLA, bringing us one step closer to achieving our corporate objectives.”
NewHydrogen is currently funding a sponsored research program at the University of California, Los Angeles to lower the cost of green hydrogen by eliminating or drastically reducing the use of precious metals in electrolyzers.
NewHydrogen is developing ThermoLoop™ – a breakthrough technology that uses water
and heat rather than electricity to produce the world’s lowest cost green hydrogen. Hydrogen is the
cleanest and most abundant element in the universe, and we can’t live without it. Hydrogen is the
key ingredient in making fertilizers needed to grow food for the world. It is also used for
transportation, refining oil and making steel, glass, pharmaceuticals and more. Nearly all the
hydrogen today is made from hydrocarbons like coal, oil, and natural gas, which are dirty and
limited resources. Water, on the other hand, is an infinite and renewable worldwide resource.
Currently, the most common method of making green hydrogen is to split water into oxygen and
hydrogen with an electrolyzer using green electricity produced from solar or wind. However, green
electricity is and always will be very expensive. It currently accounts for 73% of the cost of green
hydrogen. By using heat directly, we can skip the expensive process of making electricity, and
fundamentally lower the cost of green hydrogen. Inexpensive heat can be obtained from concentrated
solar, geothermal, nuclear reactors and industrial waste heat for use in our novel low-cost
thermochemical water splitting process. Working with a world class research team at UC Santa
Barbara, our goal is to help usher in the green hydrogen economy that Goldman Sachs estimated to
have a future market value of $12 trillion.
Matters discussed in this press release contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press
release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar
expressions identify such forward-looking statements. Actual results, performance or achievements
could differ materially from those contemplated, expressed or implied by the forward-looking
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