Now Publicly Available
- Stock Symbol: NEWH
Baseline performance of the Company’s prototype has been fully benchmarked using commercial catalysts and is now available to evaluate the Company’s novel low-cost and high-performance catalyst technology.
SANTA CLARITA, Calif. (April 11, 2023) — NewHydrogen, Inc. (OTC:NEWH), the developer of a breakthrough green hydrogen generator that uses renewable energy and water to produce low-cost green hydrogen, today reported progress in the development of its prototype. The prototype benchmarking phase has been completed and is now available to evaluate the Company’s novel low-cost and high-performance catalyst technology.
To establish the benchmark performance of current commercial catalysts, a systematic acidic water splitting test was conducted using a five-layer membrane electrode assembly (MEA) stack embedded with commercial platinum and iridium-based catalysts. The benchmarking test confirmed that the prototype’s performance was closely matched with the advertised performance associated with the commercial catalysts commonly used in commercially available electrolyzers.
The next phase in performance evaluation is now underway which includes activity transition into electrolytic cell, evaluation of long-term stability, hydrogen production rate, specific energy consumption and estimated overall costs of the Company’s new catalysts.
“We are very pleased with the results of the recent benchmark testing at UCLA,” said Dr. David Lee, CEO of NewHydrogen. “We look forward to the completion of the next test phase which will fully demonstrate the performance of our durable catalysts using this prototype set up. We believe that our technology will help accelerate the adoption of green hydrogen, providing a clean energy alternative to power a wide range of applications."
The Company believes that its latest accomplishment is a significant step toward the goal of developing a novel green hydrogen generator. The prototype green hydrogen generator will continue to serve as a platform for incorporating additional next generation component innovations to be developed by the Company going forward.
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
statements contained herein. These forward-looking statements are based largely on the expectations
of the Company and are subject to a number of risks and uncertainties. These include, but are not
limited to, risks and uncertainties associated with: the impact of economic, competitive and other
factors affecting the Company and its operations, markets, the impact on the national and local
economies resulting from terrorist actions, the impact of public health epidemics on the global
economy and other factors detailed in reports filed by the Company with the United States Securities
and Exchange Commission.
Any forward-looking statement made by us in this press release is based only on information
currently available to us and speaks only as of the date on which it is made. We undertake no
obligation to publicly update any forward-looking statement, whether written or oral, that may be
made from time to time, whether as a result of new information, future developments or otherwise.