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Hi I'm Steve Hill CEO of new hydrogen the digital Revolution is causing a serious energy crisis and we need Solutions fast if you've been following us you know we talked a lot about skyrocketing demand for energy from data centers to give you an idea a single chat GPT query uses almost 10 times the energy of a simple Google search it's like using a microwave instead of a light bulb for every search now imagine 55% of Americans
Started using microwaves instead of light bulbs that's the kind of energy drain we're facing today and it's only going to get worse experts predict that the US data center power demand will reach 397 terawatt hours by 2030 that's 172% increase Mark Chen founder of Chen analytics confirms demand for data is booming and by extension so is demand for electricity if you're not paying attention to this trend now I recommend you do so the question question arises
Where are we going to get all this electricity and how can we do it responsibly this is where green hydrogen comes in it offers a sustainable solution to this surge integrating green hydrogen into the Energy Mix can help data centers meet Rising power demands with minimal environmental impact clean hydrogen has incredible potential for revolutionizing energy and meeting surging datadriven power demands but at $6 to $10 per kilogram the cost is prohibitive for large scale adoption at
New hydrogen we believe the key to drastically reducing cost lies not in incremental improvements to existing electrolyzer technology but instead to use inexpensive recycled heat instead of electricity to make hydrogen which could slash prices by over 70% and be a true game-changer for affordable production we aren't tinkering around with today's Tech we're creating an entirely new production method that could significantly reduce costs and improve efficiency it's called thermal Loop and you can learn more at new
Hydrogen. Comom while we're P ing the boundaries of innovation the broader green hydrogen industry has admittedly faced some challenges investor enthusiasm for green hydrogen projects seems to have been in slow motion lately hydrogen Insight reports that until yesterday only two 100 megigawatt plus projects have been approved for production in Europe however several groundbreaking announcements just this week challenged that sentiment and seem to indicate renewed investor confidence in the EU final investment decisions were approved for four major
Green hydrogen projects represent presenting billions of Euro in investment combined these projects represent nearly a gigigawatt of power or enough to Electrify around a million homes for a full year and that's just in Europe over the last week across the Atlantic California unveiled plans for a $1.2 billion do hydrogen Hub we've also reported on other real tangible green hydrogen projects now underway worldwide this flurry of investment activity signals a pivotal shift in the green hydrogen landscape
With both public and private sectors ramping up their commitment to this promising Clean Energy Solution and Goldman Sachs has estimated a total market value of12 trillion while our Outlook is becoming cleaner and Greener we know there will be challenges that's why it's so important that we keep innovating and investing in sustainable energy solutions with promise join us at newhydrogen.com to discover how we're revolutionizing green hydrogen production for a sustainable future Thanks for watching and we'll see you again next week