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Can a hydrogen supercar from the 1970s inspire the future of performance driving? Hi, I'm Steve Hill, CEO of NewHydrogen, with this week's top hydrogen news. We start with some exciting news for automotive enthusiasts. After a roller coaster of rumors, it now looks like the legendary Hyundai Envision 74 is back on track for a June 2026 Limited release. This isn't just another far-fetched concept at an auto show.
The Envision 74 is a hydrogen-powered rolling lab inspired by Hyundai's 1974 Pony Coupe, but this one is so much better. It combines a hydrogen fuel cell with a high performance battery system and could deliver more than 800 horsepower. In other words, zero emissions doesn't have to mean zero excitement. Hyundai is clearly betting that hydrogen can power high performance vehicles while still meeting long-term climate goals.
And for drivers who love the sound and the spirit of performance cars, hydrogen offers sustainability without sacrificing the thrill of driving. Next, from the racetrack to the shipyard, hydrogen continues to demonstrate real benefits and heavy duty logistics.
Savage and Symbio North America have announced the successful commissioning of the first hydrogen fuel cell truck designed specifically for Dreage operations. Dreage refers to the short hall movement of cargo from ports to nearby warehouses. A key part of global trade, but also a major source of diesel emissions. Fuel cell trucks are especially well suited for this job. Like the tens of thousands of hydrogen fuel cell forklifts working 24/7 in factories worldwide today, they offer long range, fast refueling, and the ability to run nearly around the clock.
Advantages that batteryonly trucks struggle with in demanding port environments. Putting this vehicle into service shows that hydrogen is already making a positive change to one of the toughest sectors to decarbonize. Heavy freight moving through the world's busiest ports. Finally, we turn to a development in the global energy market that could dramatically increase the cost of hydrogen. According to Gasworld, the return of heavy Venezuelan crude oil to US Gulf Coast refineries is tightening the domestic hydrogen market.
Unlike lighter crude, this heavy and sour oil contains higher levels of sulfur and other impurities. To turn it into usable fuels like gasoline, diesel and jet fuel, refineries have to run it through intensive upgrading and desulerization processes. And those processes consume a lot of hydrogen. Many refineries already produce hydrogen on site, but when processing heavier crude, their demand can spike significantly. That forces some operators to pull more hydrogen from the merchant market, leaving less available for other industries that depend on it.
It's a reminder that hydrogen is more than just a future energy carrier. It's a critical industrial commodity. And when hydrogen prices rise, the effects ripple through industries, even increasing the cost of fertilizers that are essential for growing the food the world needs to feed the world. From powering an 800 horsepower supercar to cleaning up port trucking and supporting large-scale refining, these stories all point to the same conclusion.
The world needs cheap, clean hydrogen. And that's why at NewHydrogen, we're developing Thermal Loop, a technology designed to use cheap heat instead of expensive electricity to split water with the goal of producing the world's cheapest clean hydrogen. If you'd like to see how it works,
Visit us at newhydrogen.com and watch our short explainer video. NewHydrogen is a publicly traded company under the symbol NEWH. Thanks for your support and we'll see you again next week.