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NewHydrogen, a developer of green hydrogen technologies, supports California's SB 1075, aimed at promoting green hydrogen as a climate solution. The bill seeks to reduce emissions in sectors like transportation and agriculture and establishes a Clean Hydrogen Hub account to secure federal funding. The California Air Resources Board will create a roadmap to enhance hydrogen production and integrate it into climate planning. NewHydrogen is focused on reducing costs in green hydrogen production through innovative research at UCLA, targeting a future market valued at $12 trillion.
NewHydrogen, Inc. (OTC:NEWH) has unveiled its research program at UCLA aimed at reducing costs in green hydrogen production. The initiative focuses on developing non-precious metal catalysts to replace expensive rare earth metals like iridium in electrolysis technology. With extreme weather emphasizing the urgency for clean energy, the company collaborates with the U.S. Department of Energy to achieve an 80% reduction in hydrogen production costs, targeting $1 per kilogram in the next decade. Hydrogen's clean energy potential is reinforced by its zero-emission profile when used as fuel.
NewHydrogen, Inc. (OTC:NEWH) recently shared key corporate milestones and future plans for its clean energy technology initiatives. COO Spencer Hall emphasized progress in reducing the costs of green hydrogen production by utilizing affordable materials in electrolyzers, moving away from rare earth elements. Significant achievements include a research agreement with UCLA and advancements in catalyst development. The company aims to enhance the durability and efficiency of its catalysts while fostering partnerships within the green hydrogen industry, highlighting a promising outlook for market adoption and revenue generation.
NewHydrogen, a clean energy technology developer, has strengthened its collaboration with UCLA to develop non-precious metal catalysts aimed at reducing the costs associated with green hydrogen production. The agreement will expand the existing research program with an increased budget. Researchers have demonstrated a low-cost and durable catalyst that improves performance in acidic conditions, vital for commercial electrolyzer systems. This effort aligns with projections that the green hydrogen market could reach $12 trillion by 2050.
NewHydrogen, Inc. (OTC:NEWH) provided an update on its green hydrogen technology development in collaboration with UCLA. The focus is on creating inexpensive catalysts for PEM electrolyzers to replace precious iridium with earth-abundant materials. Recent advancements led to a non-precious metal catalyst that enhances oxygen evolution reaction (OER) under acidic conditions. While its intrinsic activity may lag behind precious metals, its cost-effectiveness and durability position it as a strong candidate for commercial applications. NewHydrogen aims to further extend its research to produce low-cost green hydrogen.
NewHydrogen, Inc. (OTC:NEWH) has officially changed its name from BioSolar, Inc. (OTC:BSRC) to better align with its focus on reducing green hydrogen production costs.
Effective April 30, 2021, the rebranding emphasizes the company's commitment to developing innovative electrolyzer technology. This technology aims to replace costly precious metals used in electrolyzers, making green hydrogen production more affordable. NewHydrogen’s initiative supports the growing renewable energy sector, targeting a potential $12 trillion green hydrogen market by 2050.
BioSolar, Inc. (OTC: BSRC) has successfully completed a registered direct offering, selling 125 million shares and warrants for $5 million. Each share and warrant combination was priced at $0.04, with warrants exercisable for five years. The proceeds will primarily fund the development of its electrolyzer technology, aimed at reducing green hydrogen production costs. The company is also undergoing a rebranding to NewHydrogen, Inc. to align with its focus on green hydrogen technologies, which Goldman Sachs estimates could reach $12 trillion by 2050.
BioSolar, Inc. (OTC: BSRC) has entered into a securities purchase agreement for a registered direct offering of 125 million shares and warrants to purchase an equal number of shares, priced at $0.04 each, aiming for gross proceeds of $5 million. The funds will primarily support the development of its electrolyzer technology for green hydrogen production and for working capital. The offering is expected to close by April 7, 2021. The company is also in the process of renaming itself to NewHydrogen, Inc. to reflect its focus on advancing green hydrogen technologies.
NewHydrogen, Inc. (OTC: BSRC) announced progress in its green hydrogen technology development in collaboration with UCLA. The company recently expanded its research agreement ten-fold to replace iridium, a costly precious metal, with low-cost earth-abundant materials in oxygen catalysts. Initial optimizations have shown promising results, providing a solid baseline for future enhancements. With growing confidence in their research, the company aims to reduce the costs of electrolyzers crucial for green hydrogen production, contributing to a potential $12 trillion market by 2050.
NewHydrogen, Inc., a subsidiary of BioSolar (OTC:BSRC), announced an expanded agreement with UCLA to enhance research on reducing green hydrogen production costs. The new deal, ten times the previous budget, shifts focus from the oxygen catalyst iridium to also include the hydrogen catalyst platinum. The goal is to develop a fully optimized electrolyzer device utilizing inexpensive materials, aiming to lower production costs significantly while contributing to a sustainable green hydrogen economy projected to reach $12 trillion by 2050. The research will be led by Dr. Yu Huang.
