Home Factor company NewHydrogen extends its green hydrogen development plan

NewHydrogen extends its green hydrogen development plan

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The company at engage more R&D Resources help reduce the cost of producing green hydrogen

SANTA CLARITA, Calif., Jan. 19, 2022 (GLOBE NEWSWIRE) — NewHydrogen, Inc. (OTC:NEWH), a developer of a breakthrough green hydrogen generator that uses renewable energy to produce green hydrogen at low cost, today announced that it has expanded its green hydrogen development plan. The company will also commit more research and development resources to help reduce the cost of producing green hydrogen.

“An electrolyzer – the main component of a hydrogen generator – is still very expensive,” said David Lee, CEO of NewHydrogen. “We have made great strides with our existing technology developments to replace and reduce expensive rare earth materials, which are a significant cost driver. Now we will expand our scope to include other breakthrough technologies to enable the next generation of low cost electrolysers. »

Dr. Lee continued: “Reducing the cost of producing green hydrogen using electrolyzers is a delicate balance. Reducing initial unit cost (CAPEX) and ongoing operating expenses (OPEX) are critical factors in reducing cost. In addition, efficiency and durability are very important factors. Improving electrolyser performance in one dimension usually results in reduced performance in other dimensions. Balancing these trade-offs is one of the challenges for our development team. However, we will methodically expand our attention to other parts of the electrolyser that are inherently expensive. »

Dr Lee concluded: “Our team is excited to be part of this growing global effort to make hydrogen a key energy source. Obviously, not all types of hydrogen are compatible with the goals of conserving natural resources and developing alternative energy sources while reducing pollution and environmental damage. Only green hydrogen, produced with electricity from renewable sources, meets these objectives. We believe green hydrogen will play a vital role as the world moves away from fossil fuels.

On NewHydrogen, Inc.

NewHydrogen is developing a revolutionary green hydrogen generator that uses renewable energy to produce green hydrogen at low cost. Hydrogen is the cleanest and most abundant fuel in the universe. It is zero emissions and only produces water vapor when in use. Unfortunately, hydrogen does not exist in its pure form on Earth, so it must be extracted from a source containing hydrogen. For centuries, scientists have known how to separate water into hydrogen and oxygen using a simple and elegant device called an electrolyzer. Unfortunately, an electrolyzer – the main component of a hydrogen generator – is still very expensive. NewHydrogen is committed to developing breakthrough technologies to enable the next generation of low cost electrolyzers. Our initial focus was to replace and reduce expensive rare earth materials, which are a significant cost driver. We have broadened our scope to develop other breakthrough electrolyser technologies to help usher in the green hydrogen economy that Goldman Sachs estimates has a future market value of $12 trillion.

To learn more about the company, please visit www.newhydrogen.com

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. When used in this press release, the words “anticipate”, “believe”, “estimate”, “may”, “intend”, “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements. These forward-looking statements are based in large part on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, the risks and uncertainties associated with : the impact of economic, competitive and other factors affecting the Company and its operations, the markets, the impact on national and local economies resulting from terrorist actions, the impact of health epidemics on the global economy and other factors detailed in the Company’s filings with the United States Securities and Exchange Commission.

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Contact with Investor Relations:
Tom Becker
NewHydrogen, Inc.
[email protected]
(877) 904-3733