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NewHydrogen CEO Steve Hill discusses the need for technological advances for green hydrogen production with experts from Rice University

NewHydrogen CEO Steve Hill discusses the need for technological advances for green hydrogen production with experts from Rice University

NewHydrogen, Inc.NewHydrogen, Inc.

NewHydrogen, Inc.

Dr. Haotian Wang spoke about his research on nanomaterials and the importance of durability and scalability in scaling technologies

SANTA CLARITA, Calif., Aug. 13, 2024 (GLOBE NEWSWIRE) — NewHydrogen, Inc. (OTCMKTS:NEWH), the developer of a breakthrough technology that uses clean energy and water to produce the world’s cheapest green hydrogen, today announced that the company’s CEO, Steve Hill, spoke with Haotian Wang, associate professor in the Department of Chemical and Biomolecular Engineering at Rice University, in a recent podcast.

Dr. Wang spoke about his work on electrochemical methods for carbon capture and conversion into high-value products, as well as the development of mobile catalyst materials for more efficient and cost-effective water splitting. Dr. Wang said, “Hydrogen production comes with challenges, particularly the high cost of green hydrogen, which is currently around US$5-6 per kilo.” He mentioned the Department of Energy’s ambitious goal of reducing the cost of green hydrogen to US$1 per kilo by 2030. The discussion also emphasized the need for technological advances and supply chain collaborations to achieve this goal.

On the challenges associated with using rare metals such as iridium in the process of water electrolysis for hydrogen production, Dr. Wang said, “The scalability issue due to the limited global production of iridium requires finding alternatives that are more abundant and less expensive, but still have similar catalytic performance and durability.” Dr. Wang also mentioned another type of water electrolyzer that uses low-cost catalyst materials but has other stability issues. The focus of his research is to solve these issues and make the process more commercially viable.

They discussed the challenges of scaling innovative ideas from the lab to industry. Dr. Wang recognized a gap between academic research and industrial needs and suggested that greater collaboration between universities and industry could help bridge this gap. Dr. Wang said: “For electrolysis to play a significant role in the decarbonization of chemicals and fuels in the future, we cannot overemphasize the importance of sustainability and scalability in scaling technologies.”

Dr. Haotian Wang received his PhD from the Department of Applied Physics, Stanford University in 2016, after which he received the Rowland Fellowship and started his independent research career at Harvard as a senior researcher. He has been awarded the Sloan Fellow, Packard Fellow, CIFAR Azrieli Global Scholar, Forbes 30 Under 30, Highly Cited Researchers, etc. He is the co-editor of Nano Letters. He is the co-founder and chief scientist of Solidec, a carbon capture and chemical and fuel production company. His research group focuses on developing novel nanomaterials for energy and environmental applications, including energy storage, chemical/fuel production, and water treatment. Dr. Wang is listed as a Google Scholar at https://scholar.google.com/citations?user=dC4j6AMAAAAJ&hl=en.

Watch the full discussion on the NewHydrogen Podcast with Dr. Wang at
https://newhydrogen.com/videos/ceo-podcast/dr-haotian-wang-rice-university.

For more information about NewHydrogen, visit https://newhydrogen.com/.

About NewHydrogen, Inc.

NewHydrogen develops ThermoLoop – a breakthrough technology that uses water and heat instead of electricity to produce the world’s most cost-effective green hydrogen. Hydrogen is the cleanest and most abundant element in the universe and we can’t live without it. Hydrogen is the key ingredient used to make fertilizers needed to grow food for the world. It is also used in transportation, oil refining, and the manufacture of steel, glass, pharmaceuticals, and more. Almost all hydrogen today is made from hydrocarbons like coal, oil, and natural gas, which are dirty and finite resources. Water, on the other hand, is an infinite and renewable global resource.

Currently, the most common method of producing green hydrogen is to split water into oxygen and hydrogen using an electrolyzer using green electricity from the sun or wind. However, green electricity is and will remain very expensive, currently accounting for 73% of the cost of green hydrogen. By using heat directly, we can skip the expensive process of generating electricity and significantly reduce the cost of green hydrogen. Inexpensive heat can be extracted from concentrated solar power, geothermal energy, nuclear reactors and industrial waste heat and used in our novel low-cost thermochemical water splitting process. In collaboration with a world-class research team at UC Santa Barbara, our goal is to usher in the green hydrogen economy, which Goldman Sachs estimates to be worth $12 trillion.

Safe Harbor Statement

The matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In this press release, such forward-looking statements can be identified by the words “anticipate,” “believe,” “estimate,” “could,” “intend,” “expect” and similar expressions. Actual results, performance or achievements may differ materially from those anticipated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the Company’s expectations and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties related to: the impact of economic, competitive and other factors affecting the Company and its operations and markets; the impact of terrorist actions on the national and local economy; the impact of public health epidemics on the global economy; and other factors detailed in the Company’s reports filed with the U.S. Securities and Exchange Commission.

Any forward-looking statements we make in this press release are based only on information currently available to us and speak only as of the date hereof. We undertake no obligation to update publicly any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Contact for Investor Relations:

NewHydrogen, Inc.
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