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It's Fire season in Southern California and today we're witnessing wildfires blazing through Malibu we hope the fires are contained quickly and with minimal loss while disasters like this are a frequent occurrence here in California earthquakes flooding intense storms volcanic activity and other natural disasters are becoming more common worldwide these events expose a significant vulnerability in our modern world the electrical power grid when disaster strike grids are threatened and when grids fail entire regions can lose critical
Infrastructure this is where decentralized power storage and production can make all the difference by creating resilient localized systems we can mitigate the risks of widespread outages and enhance energy security hi I'm Steve Hill CEO of new hydrogen on today's news commentary we'll take a look at a related vulnerability energy Independence producing energy exactly where it's needed instead of transporting or importing it can increase Global Security and spur greater Prosperity first consider this the European Union's energy
Independence or lack thereof represents a critical vulnerability despite cutting Russian gas imports from 40 to just 8% post Ukraine Invasion the EU remains deeply dependent on supplies from the United States and Norway the European Council on Foreign Relations recently scored the EU just four out of 10 for energy independence with some Nations like Germany and Italy nearing zero this dependency highlights a pressing issue energy sovereignty is not just optional it's a necessity while EU excels in
Clean energy with Nordic Nations leading the way its Reliance on Imports underscores the urgency for localized Solutions cheap scalable green hydrogen is more than an environmentally friendly way to power Planes Trains automobiles or data centers it represents a revolution in energy brokerage by enabling Sovereign Nations to generate and stockpile power domestically it could redefine Independence and resilience the key of course to all of this is cost green hydrogen's potential will never be unlocked if it's made
Using expensive electricity and inefficient electrolyzers if new hydrogen's thermal ThermoLoop technology is successful the energy economics of power brokerages on the world will be completely transformed thermal Loop spells the end for electrolyzers and marks the beginning of a new energy era an era where green hydrogen is so cheap it would be crazy not to use it for the world's energy needs Goldman Sachs called this a 12 trillion Doll Market opportunity and new hydrogen's thermal ThermoLoop technology
Has the promise to deliver the cheap green hydrogen the world wants you can follow our development at newhydrogen.com Thanks for watching we wish you all the best and we look forward to seeing you again next week