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The future of hydrogen isn't just about clean energy its potential applications stretch from life-saving medicine to Global Transportation but as one company scales up it seems another company scales back so what does this mean for the future of hydrogen hi I'm Steve Hill CEO of new hydrogen this week we're looking at three stories that highlight both the promise and the challenges of hydrogen's future from Medical breakthroughs to industrial expansion and the harsh realities of cost competitiveness let's break it all down
First up diagam Med has received FDA orphan drug designation for molecular hydrogen to treat ALS orphan drugs are treatments developed for rare diseases that affect a small percentage of the population often receiving regulatory incentives to encourage research this is a fascinating development hydrogen's antioxidant properties have long been studied but regulatory recognition opens the door to new applications medical hydrogen therapy is still an emerging field but this step could accelerate Research into how hydrogen can help in
Treating neurological conditions inflammation and even aging related diseases whether or not hydrogen proves effective in treating neurological diseases one thing is clear its role in medicine is another promising Avenue for growth in hydrogen technology
Next up cumins is doubling down on its hydrogen efforts partnering with major industry players to boost hydrogen production and application in heavyduty transportation their approach includes fuel cells and hydrogen powerered internal combustion engines reinforcing hydrogen's role in decarbonizing industrial sectors this partnership signals confidence in hydrogen's long-term role in the energy transition particularly in applications where batteries may fall short like Long Haul Trucking shipping and large scale power generation however large scale adop hinges on infrastructure which
Remains a work in progress governments and private sector players will need to invest heavily in refueling networks Supply chains and cost reduction strategies to make hydrogen a mainstream energy carrier
Finally speaking of cost Air Products just announced a $3.1 billion doll write down as it exits its us green hydrogen and sustainable aviation fuel projects citing economic challenges and shifting market conditions this news sends a clear mess message that for hydrogen to compete it must be cost effective High Capital costs and uncertain policy Landscapes make large scale hydrogen projects of Financial Risk even for major players while setbacks like Air Products news may seem discouraging at first
They highlight the critical need for Next Generation hydrogen solutions that are both scalable and affordable that's exactly why new hydrogen is developing thermal Loop to produce the world's cheapest green hydrogen using heat and water instead of a costly electricity if you want
To learn more about how that works check out our explainer video in the link below by making green hydrogen cost competitive we intend to enable widespread adoption across industries from transportation to energy storage and even medical applications if you enjoyed this update and want to see more let us know by liking sharing or subscribing it helps more people discover the conversation Around clean hydrogen and we really appreciate it thank you so much for watching and we'll see you again next week