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Do you know what the hottest breakout hydrogen related Google search was this week maybe you won't be surprised but I was more on that in 60 seconds hi everyone I'm Steve Hill CEO of new hydrogen with this week's top hydrogen news
First up a report came out this week by technology review declaring that hydrogen could be used for nearly everything but probably shouldn't be the article recognizes that hydrogen has the potential to clean up key parts of our economy but it's quick to point out a harsh truth right now hydrogen is causing more climate trouble than it's solving why because most of the hydrogen we use comes from fossil fuels leading to a whopping 900 million metric tons
Of CO2 emissions in 2022 and I expect that number was even higher for 2023 Global hydrogen demand remains high and efforts are underway to clean up hydrogen production but don't expect a thriving Global hydrogen economy anytime soon and you can forget about it being cheap expecting cheap green hydrogen using electrolyzers is like waiting for a goose to lay a golden egg it isn't going to happen I'm not suggesting it can't happen just that the solution may
Require a different approach I'll explain in just a second speaking of Economics French consultancy Cap Gemini has published a white paper on reducing hydrogen costs High electricity prices were identified as the biggest cost Drive dri with 58% of 120 companies surveyed calling them a major difficulty there's no surprise given the electricity needed to generate green hydrogen totals about 70% of overall costs what if we could cut out the high cost of electricity to generate clean green
Hydrogen at a price that competes with today's dirty coal and methane-based methods that's our goal at new hydrogen we're developing a revolutionary Solution by using heat instead of electricity for thermochemical water splitting this process can use recycled waste heat from industrial processes nuclear power concentrated solar geothermal and even more to make this a reality we're working with UC Santa Barbara whose materials department has consistently been Rak in the top three in the United States if you'd
Like to follow our progress sign up for our newsletter at new hydrogen. Okay so what was the most Googled hydrogen phrase this week echoo hydrogen water if that means nothing to you and it didn't to me until just now let me explain Echo water has built a tiny pem electrolyzer in a water bottle and celebrities are going nuts for it Kim Kardashian Gary Brea Zack Efron and others have embraced hydrogen water for its potential health benefits
For 250 bucks you can try it out yourself and if you do leave us a comment below That's it for this week's hydrogen news Roundup
Visit us at newhydrogen.com To learn more about new hydrogen's mission to produce the world's cheapest green hydrogen Thanks for watching and we'll see you again next week