Now Publicly Available
- Stock Symbol: NEWH
Hi everyone I'm Steve Hill CEO of new hydrogen today we're getting into the latest hydrogen news including BMW's bet on hydrogen the path to hydrogen Mobility an Airborne hydrogen powered hotel in the sky and more so let's get into it
First up the confounding tale of hydrogen demand for fuel cell electric vehicles the landscape of hydrogen powerered Vehicles presents a conundrum while major automakers like BMW and Toyota and others are doubling down on hydrogen fuel cell electric vehicles also known as fcevs signs of waning public interest persist according to carbon credits.com BMW is shifting from EVS to 100% fcevs by 2030 and not to be outdone Toyota continues to P R&D dollars into its hydrogen program and
Despite disappointing sales of its morai San is aggressively pursuing hydrogen fuel cell vehicles and recently recently unveiled a prototype hydrogen powerered Hilux truck with a 365 mile range they expect to produce 200,000 of these in Europe and China but even with BMW and Toyota commitments fcev registrations are dwindling so what's going on here's a Clue reports from hydrogen Insight say that the cost of hydrogen at the pump has reached unprecedented levels for reference California's largest hydrogen
Fuel retailer true zero charges $36 per kilogram of hydrogen an average fuel cell vehicle takes about four to five uh kilogram of hydrogen for a tank that's higher than an equivalent tank of premium gasoline and if you can find a refueling station at all the cold reality is that hydrogen isn't cheap yet so why is hydrogen so darn expensive I'll explain that in just a minute let's go back to this threat of waning interest in hydrogen
In truth the viability of hydrogen in transport shouldn't be measured by Passenger fce EV sales the true barometer of demand lies in sectors where hydrogen offers unparalleled advantages particularly in commercial transport such as shipping Trucking Rail and Aviation and not surprisingly in these domains we're witnessing a surge in demand take for instance the case of Nicola a pioneering force in clean Trucking which is witnessing significant demand for its hydrogen powered trucks hydrogen's Allure lies in its
Aptitude for heavy loads and long distances that's why the trekking industry is laying the foundation for hydrogen infrastructure this week Nicola marked a major step forward in its clean trekking Push by opening its first Hydrogen refueling station in California with the goal to build a 60 Station Network to fuel zero emission trucks and ease the transition away from traditional diesel Nicola's first Hydrogen refueling station is located along a major shipping route in Southern California and is
Expected to support up to 40 trucks per day Nicola also has a location in Northern California and plans to have several more fueling stations by the end of 2024 extending Beyond ground operations the prospect of hydrogen ocean transport is gaining traction promising emission reductions in Maritime shipping add to that innovation in rail Freight and as we'll explore in another segment Aviation we begin to see a more viable rational path forward if you want to hear more
About Maritime and Air transport leave a comment below unlike the consumer hydrogen fuel cell Market Commercial operations offer clearer avenues for the integration of hydrogen infrastructure commercial operations understand where to position refueling stations how to scale up operations incrementally and accurately gauge the demand for hydrogen production
The bottom line while fcev registrations May falter in the face of infrastructure challenges and high costs the demand for green hydrogen thrives where it makes practical sense commercial transport sectors are laying the groundwork for a hydrogen powerered future highlighting the need for strategic investment and infrastructure development in these critical Industries the scale up of commercial hydrogen use will pave the way for lower costs on the consumer level in the future so why is hydrogen so expensive
Today electricity rare earth metals and durability of electrolyzers which are the machines that we use to make hydrogen are the culprits at least 73% of the cost of hydrogen production comes from fossil fuel power powered electricity and we see that as wasteful and costly so what's the solution to expensive dirty hydrogen well by now you probably heard about new hydrogen and ThermoLoop the Revolutionary hydrogen electrolyzer killer under development at UC Santa Barbara using low temperature
Heat sources and only water thermal ThermoLoop technology is being developed to revolutionize hydrogen production leading to the world's cheapest green hydrogen no fossil fuels and no expensive electricity input needed in the Quest for sustainability Innovation lights The Way Forward green hydrogen or hydrogen made with renewable energy is the only responsible way ahead and new hydrogen is leading the way in other news the German government plans to subsidize gas power plants capable of transitioning to hydrogen to
Support renewable energy and reduce carbon emissions a 17 million no not million billion doll fund will cover capital and operating subsidies for companies constructing and operating hydrogen ready gas power plants Germany aims to phase out Coal Fired stations earlier than the 2038 deadline leveraging hydrogen the German government's massive $17 billion subsidy for gas plants switching to hydrogen is a big win for renewable energy and cutting carbon emissions their push to retire coal plants ahead of schedule
Shows how crucial hydrogen is becoming it's a clear sign of the world's move towards cleaner energy especially with the rise of green hydrogen we're witnessing a real shift in how we power the world
Last item for today if you want to peek at the future check out this conceptual application for a massive triple decker airplane plane called progress eagle jet the article by Supercar Blondie details this futuristic Mega plane designer Oscar vanal has dreamed up it's like a floating hotel with six hydrogen fuel engines and enough space for 800 passengers that's bigger than a boing 747 it's a futuristic Marvel featuring panoramic views luxurious cabins and onboard amenities like restaurants
Spas and even a casino best of all this nextg aircraft is powered by hydrogen fuel cells and solar energy and promises a quieter and more eco-friendly flying experience with its impressive wingspan and advanced technology the progress Eagle would redefine air travel as we know it would you fly on such a plane let us know in the comments below
That's it for this week's news at new hydrogen our goal is to develop technology to produce the world's cheapest green hydrogen we think it's time to kill hydrogen electrolyzer which has been around without any significant improvements since 1890 check out our plans to replace it at newh hydrogen.
Comom and if you like this week's report like share thumbs up subscribe to our updates and do whatever you can to support us in this Venture and we'll bring you more content in the future thanks for joining us today and we look forward to seeing you again