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Hi everyone I'm Steve Hill CEO of new hydrogen today we're getting into the latest hydrogen news including a Swiss hydrogen train Texas goes green a 100 billion doll hydrogen related opportunity and more so let's get into it
First up a Swiss hydrogen powered train just set a Guinness World Record by traveling non-stop over 1,700 miles on a single tank of fuel that's six times its advertised range of 285 miles add this to an increasing number of hydrogen applications in aviation shipping Automotive agriculture space steel production and so much more the world is leaning into hydrogen with more applications popping up every single day so what will it take for all of this to go
Mainstream I'd love to hear what you think please comment below in a minute I'll give you a peek into the inner workings at new hydrogen so you can see what our answer is next Texas goes big on hydrogen eh. Org is reporting that Texas is Allin on hydrogen capitalizing on its gas infrastructure and federal incentives challenges remain though those cited are clean hydrogen production and Reliance on carbon capture fact we agree this is good stuff but
It's not a long-term fix more on that in a minute this week's most unusual hydrogen application has Ferrari filing a patent application for a turbocharged hydrogen engine this is significant because Ferrari has avoided the electric vehicle Trend believing that internal combustion engines are quote an essential part of the company's Heritage end quote hydrogen will allow Ferrari's internal combustion engines to live on minus the toxic emissions if you're a Ferrari fan or love ice but also love
The Earth please take a second now to share this news sharing promotes our content and makes it easier for others to find it thank you last thing for this week price Waterhouse Cooper and strategy and are assisting thyson krup Steel's tk2 steel project in Germany converting steel plants to 100% hydrogen energy by 2029 this is good for the environment and it's good for investors but it would be even better if it were green hydrogen they were
Using the green steel Market is expected to grow from about $3 billion today to almost a hundred billion by 2030 with an insane growth rate of 67.2% so what's holding back this 12 trillion green hydrogen economy you guessed it it's cost today's hydrogen production technology isn't even going to get us close all this new tech must have cheap green hydrogen to become reality that's why at new hydrogen we've been working on a radical solution called thermol
Loop now under development at UC Santa Barbara it's unlike anything that's ever been done before if successful the last real barrier to a green hydrogen reality will be gone get all the details at new hydrogen.
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