Now Publicly Available
- Stock Symbol: NEWH
Dr. Michael Shafer highlighted the unique advantages of on-site green hydrogen production, particularly in regions lacking reliable energy infrastructure
SANTA CLARITA, Calif. (January 7, 2025) — NewHydrogen, Inc. (OTCMKTS:NEWH), the developer of ThermoLoop™, a breakthrough technology that uses water and heat rather than electricity to produce the world’s cheapest green hydrogen, today announced a podcast featuring CEO Steve Hill and Dr. Michael Shafer, a Professor Emeritus of Political Science at Rutgers University and President of the Board of Directors at Warm Heart Worldwide, Inc.
Dr. Shafer and Mr. Hill discussed the potential of green hydrogen to revolutionize energy access and sustainability in underserved communities. Dr. Shafer, a seasoned social entrepreneur with decades of experience in sustainable development, highlighted the unique advantages of on-site green hydrogen production, particularly in regions lacking reliable energy infrastructure.
Dr. Shafer said, “Green hydrogen offers a significant improvement over existing reliance on fossil fuels, especially in areas like Malawi and Burundi where fuel is costly and distribution is a major challenge. The ability to produce green hydrogen locally eliminates the need for expensive and often unreliable tanker truck transport, ensuring consistent access to energy for transportation and other essential needs.” He noted that this readily available energy source would significantly impact daily life, improving mobility and economic opportunities for communities.
The conversation also touched upon the crucial roles of policy and public engagement in facilitating a successful transition to green hydrogen. Dr. Shafer stressed the need for strong governmental support and public awareness campaigns to educate communities about the benefits and applications of this technology. He drew parallels with his experience promoting biochar, highlighting the importance of grassroots initiatives in building demand and fostering adoption.
While acknowledging the current higher cost of green hydrogen compared to other renewable energy sources like electric vehicles, Dr. Shafer expressed optimism about future innovations that could drastically reduce its price. He noted that the current focus on electric vehicles may be overlooking the faster refueling potential of hydrogen, which could accelerate the transition in areas with limited grid infrastructure.
Dr. Shafer also emphasized the critical need to address atmospheric CO2 levels. He advocated for combined strategies, emphasizing green hydrogen's role in halting further emissions as a vital first step towards a sustainable future. Shafer's experience working with communities in developing countries, coupled with his insights on policy and public engagement, provides a valuable perspective on how green hydrogen can be a catalyst for positive global change.
Dr. Michael Shafer (B.A. Yale, Ph.D. Harvard), Professor Emeritus of Political Science at Rutgers University and Founder of Warm heart Worldwide, is published widely in foreign policy and international political economy, and has taught at universities around the world. Dr. Shafer is a member of the Council on Foreign Relations and a 21st Century Fellow. With funding from, inter alia, the Department of State and European Union, he has managed higher education reform initiatives in the Baltic states, Central and Eastern Europe, and Lebanon. Dr. Shafer is the founder of Global PACT, an international community development and civic engagement training program. With funding from Ford, Open Society Institute, Prudential and the United States Institute of Peace, he ran Global PACT programs in Brazil, Cambodia, Croatia, South Africa and Thailand. Since 2008 he has devoted himself entirely to Warm Heart.
Watch the full discussion on the NewHydrogen Podcast featuring Dr. Michael Shafer at https://newhydrogen.com/videos/ceo-podcast/michael-shafer-president-boar-of-directors-at-warm-heart-worldwide-inc.
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.