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- Stock Symbol: NEWH
A quick Google search for hydrogen news right now paints a discouraging picture for clean hydrogen supporters. Delays and cancellations in some projects. The Trump administration cancelling funding for regional hubs like California's Arches with his potential 1.2 billion commitment and the Pacific Northwest PNWH2 at1 billion. Uncertainty hanging over incentives like the 45V tax credits.
High costs slowing certain electrolyzer deployments with developers in some markets scaling back plans. You might even be wondering if the momentum built in recent years is fading as we enter 2026. Hi, I'm Steve Hill, CEO of NewHydrogen. Before you make your decision about clean hydrogen's future, let me share some cold hard facts with you. The Hydrogen Council's Global Hydrogen Review 2025 shows more than $110 billion committed to over 510 projects worldwide that have passed final investment decision are under construction or already operational.
Yes, that's billions with a B, a 35 billion increase in the past year alone. Committed low emissions capacity exceeding 6 million tons annually with the pipeline supporting 9 to 14 million tons by 2030. And the big players we all recognize aren't pulling back. They're pushing harder than ever. Even with today's electrolyzer technology that still faces efficiency and cost challenges.
Air Products is powering ahead with the NEOM green hydrogen project in Saudi Arabia, the world's largest. As of late December 2025, construction across the site is now about 90% complete. This $8.4 billion facility integrates 4 gigigigawatts of renewables and is on track to start commercial production in 2027, delivering up to 600 tons per day of carbon-free hydrogen as green ammonia for global markets.
Plug Power is making moves on multiple fronts. They've delivered the first electrolyzer modules for the 100 megigawatt project at Portugal's CN refinery, targeting up to 15,000 tons annually, and installed systems in Namibia for Africa's first fully integrated green hydrogen hub, powering trucks and port equipment.
electrolyzers are running on every continent except Antarctica. And just this month, they began a new NASA contract for liquid hydrogen supply. RWE has just begun commissioning the first 100 megigawatt phase of its 300 megigawatt Lingan facility in Germany, positioning it to become Europe's largest green hydrogen production plant with full operations building towards 2027. These aren't distant promises.
They're steel rising, equipment arriving on site, and production timelines holding strong from leaders like Air Products, Plug Power, and RWE, who are committing billions despite the known limitations of current electrolyzer approaches. What you're seeing unfold is the clean hydrogen economy maturing in real time. Policy shifts and costs are clearing out less competitive approaches, creating space for technologies that can produce affordable supply without relying so heavily on incentives or expensive electricity.
That's why we're more excited than ever at new hydrogen. Our ThermoLoop technology, a thermmochemical cycle using inexpensive heat and abundant water, steps around those electricity challenges completely.
It could be powered by small modular nuclear reactors for reliable low-cost heat, enabling the world's cheapest clean hydrogen at massive scale across diverse regions and perfectly positioned to enhance the economics of these major commitments already underway. As 2026 begins with its share of cautious headlines, the momentum tells a story of resilience and real growth. If you'd like to see why I'm bullish on NewHydrogen, check out our short explainer video at newhydrogen.com and sign up for our weekly newsletter. New hydrogen is traded under the symbol NEWH. Thanks for watching. Here's to a breakthrough year ahead and we'll see you again next week.