Sunhydrogen Inc - HYSR STOCK NEWS

SunHydrogen, Inc. (HYSR) has secured a $45 million investment commitment from GHS Investments to advance its renewable hydrogen technology. This funding will support the development of its nanoparticle-based green hydrogen production technology and facilitate strategic partnerships with emerging companies in the hydrogen sector. The company aims to demonstrate a production-quality prototype while expanding the hydrogen ecosystem through additional investments. SunHydrogen's commitment aligns with the growing market for green hydrogen, estimated by Goldman Sachs to reach $12 trillion by 2050.

SunHydrogen, Inc. (OTC: HYSR) announced a strategic investment of $10 million in TECO 2030 ASA, comprising a $7 million direct share purchase for 9.3% equity and a $3 million convertible note at 8% interest. TECO 2030 develops zero-emission technology for maritime and heavy industries, including a €5 million funded hydrogen-powered tanker project. This partnership aims to enhance visibility in the U.S. hydrogen market, projected to reach $12 trillion by 2050. SunHydrogen intends to appoint a director to TECO's board and explore business combination opportunities.

SunHydrogen, Inc. (OTC: HYSR) has secured a patent from the India Patent Office for its innovative multi-junction artificial photosynthetic cell technology, enhancing its portfolio of intellectual property alongside existing patents in the US, Australia, China, and Europe. This innovation utilizes high-density arrays of nano-sized, high-voltage solar cells to produce low-cost green hydrogen from sunlight and water. CEO Tim Young emphasized the technology's potential, particularly in India's goal to generate 5 million tonnes of green hydrogen annually by 2030, supporting the company's vision for widespread access to renewable energy.

SunHydrogen, Inc. (OTC: HYSR) has provided a Q3 update on its green hydrogen technology development. The company aims to achieve multiple milestones by Q4 2022, including fabricating semiconductor units and integrating membranes and catalysts at production-quality scales. Progress includes successful solar hydrogen production by integrating proprietary semiconductor units with silicon heterojunction and perovskite solar cells. Initial studies on membrane integration have been completed, and plans for a small-scale prototype are underway. SunHydrogen is on track to demonstrate its solar hydrogen production technology in Q4 2022.

SunHydrogen, Inc. (OTC: HYSR) announced the prototype design of its innovative nanoparticle-based green hydrogen technology. This design features microscopic nanoparticles that split water to produce hydrogen and oxygen, optimizing sunlight use for maximum production efficiency. The lightweight panel housing supports scalability for mass manufacturing. The technology also utilizes renewable electricity when sunlight is unavailable. The prototype marks a significant step towards commercializing the company's hydrogen production goals for 2022.

SunHydrogen, Inc. (OTC: HYSR) has reported a robust financial position with $52 million in cash and cash equivalents as of June 30, 2022. This ensures the company can push forward towards commercializing its innovative nanoparticle-based green hydrogen technology while exploring strategic investments in complementary technologies. CEO Tim Young emphasized the importance of being well-capitalized, enabling the company to support its technology and maximize its impact amid a challenging market. A full annual report will be available in September 2022, adhering to SEC regulations.

SunHydrogen, Inc. (OTC: HYSR) provided a Q2 update on its progress towards achieving several 2022 milestones for its green hydrogen technology. The company is on track to demonstrate a production-quality prototype by the end of Q4 2022, having successfully fabricated one proprietary semiconductor unit. Despite facing supply chain challenges with the second unit, alternative strategies using silicon solar cells show promise. Collaborative efforts with industrial partners are ongoing to integrate membranes and catalysts, essential for sustainable hydrogen production.

SunHydrogen, Inc. (OTC: HYSR) has appointed Dr. Arthur J. Nozik as a Scientific Adviser, enhancing its efforts in developing renewable hydrogen technology. Dr. Nozik, a leader in photoelectrochemistry, will collaborate with the company's Chief Scientific Officer and Director of Technology to refine strategies for commercializing their nanoparticle-based hydrogen production. His extensive background includes over 270 publications and 11 patents, contributing significant knowledge to SunHydrogen's mission of producing low-cost, eco-friendly hydrogen from sunlight and water.

SunHydrogen (OTC:HYSR) provided a shareholder update detailing its progress in renewable hydrogen technology. The company has expanded partnerships in the U.S., Germany, South Korea, and Japan, and has initiated collaborations with the University of Iowa and the University of Michigan. SunHydrogen is on track to demonstrate a production-quality prototype of its nanoparticle technology by year-end. Key milestones for Q4 2022 include successful fabrication of semiconductor units and integration of membranes and catalysts at prototype scales. Supply chain challenges are being addressed, with resolution anticipated by early May.