Now Publicly Available
- Stock Symbol: NEWH
Could hydrogen be unstoppable NASA is building a test facility researchers are developing hydrogen storing jet fuel and hydrogen projects are pressing forward with or without government incentives let's break it all down hey everybody I'm Steve Hill CEO of new hydrogen great to have you back with me again this week let's take a look at this week's hydrogen headlines and what they mean for the industry
First up NASA is pushing hydrogen Aviation forward with plans for a new cryogenic hydrogen test facility the agency wants to St study how hydrogen can be stored and used efficiently at scale tackling key challenges like boil off and infrastructure development while hydrogen's potential and Aviation has been widely discussed a key challenge is still making it work in a practical costeffective way if NASA's facility can help improve hydrogen storage and handling it could accelerate the adoption of
Hydrogen powered aircraft and set the stage for Long Haul flights with zero emissions NASA needs really cheap green hydrogen at new hydrogen we're developing thermal Loop a technology designed to produce the world's cheapest green hydrogen which could play a role in making hydrogen more viable for Aviation and other large scale applications next staying with Aviation hydrogen powered Aviation could take a big step forward with a new hydrogen storing jet fuel researchers have developed a way to
Embed hydrogen into liquid fuel potentially creating a dropin solution for existing aircraft this approach could reduce emissions without completely requiring new infrastructure A major advantage for Airlines looking to decarbonize without replacing their entire fleets we recently discussed how cumins and Molly are retrofitting diesel engines to run on hydrogen allowing heavy duty vehicles to cut emissions without totally redesigning their powertrains this diesel retrofit breakthrough follows a similar strategy to the jet fuel example adapting existing systems rather
Than replacing them outright both developments highlight practical approach to integrating hydrogen into Transportation lowering barriers to adoption and speeding up the transition to cleaner energy meanwhile hydrogen momentum doesn't appear to be slowing down even in uncertain policy environments here's a great example a green hydrogen plant in Georgia recently secured $30 million by transferring investment tax credits to an invest showing how private sector Ingenuity is keeping projects moving forward so what's the key takeaway hydrogen isn't waiting
Around for government incentives the industry is finding ways to push ahead and the companies with the most efficient scalable technology will come out on top now at first this example might seem like this is a contradiction this tax credits for Investments trade isn't about industry dependence on government incentives though it's showing that when incentives are available the private sector will find innovative ways to use them to drive momentum the key here Still Remains hydrogen development is
Fundamentally driven by technology and market demand at new hydrogen we're building a future where our technology stands on its own with or without government incentives the financing strategy in this example is just one demonstration of the industry's Ingenuity not a dependence on government support so here's
The bottom line hydrogen is advancing across Industries Aviation Transportation and fuel production but widespread adoption hinges on cost and scalability that's exactly what we're solving at new hydrogen with ThermoLoop our breakthrough technology to produce the world's cheapest green hydrogen when hydrogen becomes truly cost competitive its full potential is unlocked learn how at newhydrogen.com thanks for joining us today we'll see you again next week