NewHydrogen provides additional details on its research to lower the cost of green hydrogen
Extreme weather crisis illustrates the need for accelerated clean energy adoption
SANTA CLARITA, Calif., Sept. 07, 2021 (GLOBE NEWSWIRE) -- NewHydrogen, Inc. (OTC:NEWH), a developer of clean energy technologies, today provided additional details of its previously announced sponsored research program at UCLA with a goal of lowering the cost of producing green hydrogen. Producing hydrogen economically and from renewable sources is a key component of a sustainable energy future.
Proton exchange membrane (PEM) electrolyzers are typically used when the available green electricity supply is intermittent in nature such as solar or wind. PEM electrolyzers, however, currently require high-cost catalysts that use rare earth metals such as iridium. These precious metal-based catalysts are not only expensive but also need to be replaced quite often. NewHydrogen’s focus, therefore, is to replace iridium with much more stable non-precious metal-based oxygen evolution reaction (OER) catalysts that not only cost less but also last much longer (and therefore do not need to be replaced as often).
The materials required for alkaline electrolyzers are relatively inexpensive compared to those for PEM electrolyzers. However, the alkaline electrolyzer technology is notably less efficient than that of PEM electrolyzers, thus requiring very large machinery to produce an equivalent amount of hydrogen. Anion exchange membrane (AEM) based electrolysis system attempts to combine alkaline electrolyzers’ cost savings with PEM’s performance. NewHydrogen is also developing hydrogen evolution reaction (HER) catalysts for use with AEM electrolyzers.
Extreme weather around the world is disrupting existing energy systems and reinforces the need to accelerate the timeline for a clean energy transition. CNBC’s from the United Nations’ Intergovernmental Panel on Climate Change (IPCC) showed that the change in global surface temperature from 1850-2020 is greater than any period in more than 2000 years. The catastrophic weather patterns resulting from this change have created climate instability and severe damage around the world.
Along with industry leaders, NewHydrogen attended the recent U.S. Department of Energy (DOE) Hydrogen Shot Summit, DOE's first Energy Earthshots Initiative. Research sponsored by NewHydrogen aims to support the DOE goal to reduce the cost of clean hydrogen by 80% to $1 per kilogram in a decade.
“One kilogram of hydrogen has the same energy potential as a gallon of gasoline, but hydrogen has the advantage of simply turning into water vapor when used as fuel,” said Dr. David Lee, NewHydrogen’s CEO. “Research funded by NewHydrogen is focused on lowering the cost of producing hydrogen from renewable sources, creating a clean energy source that does not pollute.”
About NewHydrogen, Inc.
NewHydrogen, Inc. is focused on developing a breakthrough electrolyzer technology to lower the cost of green hydrogen production. Hydrogen is the cleanest and most abundant fuel in the universe. It is zero-emission and only produces water vapor when used. However, hydrogen does not exist in its pure form on Earth so it must be extracted. For centuries, scientists have known how to use electricity to split water into hydrogen and oxygen using a device called an electrolyzer. Electrolyzers installed behind a solar farm or wind farm can use renewable electricity to split water, thereby producing green hydrogen. Unfortunately, electrolyzers are expensive and rely on rare earth materials such as platinum and iridium. These very expensive materials account for nearly 50% of the cost of electrolyzers. The company’s technology is aimed at significantly reducing or replacing rare earth materials in electrolyzers with inexpensive earth-abundant materials to help usher in a green hydrogen economy that Goldman Sachs estimates will be worth $12 trillion by 2050.
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CONTACT INFORMATION
Investor Relations Contact:
Tom Becker
NewHydrogen, Inc.
(877) 904-3733
