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Hey everyone I'm Steve Hill CEO of new hydrogen today we're getting into the latest hydrogen news including the Baltimore Bridge disaster hydrogen in the Olympics an electrolize over Supply and more so let's get into it
First up by now most of us have seen footage of the tragic Baltimore bridge collapse it's causing chaos in our major United States Supply chains showing us just how crucial it is to have resilient localized energy sources green hydrogen can help and new hydrogen's thermal Loop may be the answer more on that in a minute next ahead of the 2024 Paris Olympic Games air liquid has established a hydrogen refueling station right in the city center the
Station supports the official hydrogen powered Fleet of 500 Toyota marai cars which can deliver up to 650 kilometers of range in under 5 minutes unfortunately Paris has also moved to ban all vehicles so it may be a challenge getting those Mar out of the city center next a report by BNF points to a global surplus of electrolyzers hydrogen producers have anticipated a massive green hydrogen Market that hasn't actually materialized yet this has strained some producers financially
As they scramble to stay solvent while they wait for demand to ramp up Last story you may have heard about the recent hydrogen Gold Rush for geologic hydrogen a carbon- free fuel mined from deep within the earth that could transform energy production if success successfully extracted it's an exciting way to access hydrogen without expensive electrolysis but mining for hydrogen includes some sticky challenges finding and extracting it requires Advanced drilling safe storage and costly infrastructure development environmental concerns water usage and Regulatory Frameworks add further complexity hydrogen especially green hydrogen is
Definitely the future but today's news makes it sound like wishful thinking the reality is that producers and consumers are moving ahead often at significant risk investing hundreds of millions hoping to capitalize on the future 12 trillion doll green hydrogen economy to move ahead the world needs cheap green hydrogen and quick production ramp up times that's the very reason why new hydrogen has been working on a radical solution called ThermoLoop now under development at UC Santa
Barbara we aren't wasting any time trying to improve old electrizer technology instead thermal Loop is being designed to use heat and water to produce the world's cheapest green hydrogen with rapid scaleup capabilities to better meet demand in real time if you're interested you can get all the details at new hydrogen. And while you're there sign up for free access to our exclusive hydrogen industry expert podcast plus the latest top hydrogen news Thanks for watching and we'll see you again next week