SunHydrogen Receives Additional $45M Capital Commitment, Shares Vision for Investment Strategy Across Larger Green Hydrogen Landscape

Rhea-AI Summary

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.

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• Secured $45 million investment from GHS Investments to enhance technology development.
• Investment will support the development of nanoparticle-based green hydrogen technology.
• Strategic partnerships to accelerate growth in the renewable hydrogen sector.

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• None.

SANTA BARBARA, CA, Nov. 29, 2022 (GLOBE NEWSWIRE) -- SunHydrogen, Inc. (OTC: HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, today shared that it has accepted a $45 million investment commitment from GHS Investments, LLC, of Jericho, New York.

The proceeds will be used in part to further the development of SunHydrogen’s nanoparticle-based green hydrogen technology, and in parallel to enable the Company to invest in and co-develop other complementary technologies across the renewable hydrogen value chain.

The Company remains committed to developing its nanoparticle technology to commercialization, with its most immediate internal goal being the successful demonstration of a first-ever, production-quality prototype.

However, with the addition of the $45M capital commitment, SunHydrogen also looks to realize its goal of furthering renewable hydrogen technology to grow the hydrogen ecosystem. Specifically, SunHydrogen seeks to make strategic investments by partnering with other early-stage companies to enable and assist them in reaching their own manufacturing stages.

This vision is evidenced by SunHydrogen’s recent $10M strategic investment in Norway-based TECO 2030, the developer of zero-emission technology for the maritime and heavy industry sectors.

“This investment commitment from GHS ushers in a new era of SunHydrogen as a technology company for the green hydrogen economy,” said SunHydrogen’s CEO Tim Young.

“Our mission to develop, acquire and partner with other critical technologies brings significant value to our investor base,” Mr. Young continued. “Our cooperation with TECO 2030 is a prime example of this.”

For further information regarding the terms and conditions of GHS’s investment commitment, see the Company’s 8-K filed with the Securities and Exchange Commission on November 22, 2022.

About SunHydrogen, Inc.
SunHydrogen is developing breakthrough technologies to make, store and use green hydrogen in a market that Goldman Sachs estimates to be worth $12 trillion by 2050. Our patented SunHydrogen Panel technology, currently in development, uses sunlight and any source of water to produce low-cost green hydrogen. Similar to solar panels that produce electricity, our SunHydrogen Panels will produce green hydrogen. Our vision is to become a major technology supplier in the new hydrogen economy. By developing, acquiring and partnering with other critical technologies, we intend to enable a future of emission-free vehicles, ships, data centers, aircrafts and more. To learn more about SunHydrogen, please visit our website at www.SunHydrogen.com.

Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements. 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 contained herein, and there is no guarantee that we will attain the aforementioned anticipated developmental milestones, or that we will realize a return on our investment in TECO 2030. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties and other factors, known and unknown, including the risk factors described from time to time in the Company's reports filed with the Securities and Exchange Commission. The forward-looking statements contained herein are applicable only as of the date on which they are made, and the Company does not assume any obligation to update any forward-looking statements, except as may be required under applicable law.

Press Contact:
info@sunhydrogen.com

FAQ

What is the significance of the $45 million investment for SunHydrogen (HYSR)?

The $45 million investment from GHS Investments will enable SunHydrogen to advance its nanoparticle-based green hydrogen technology and expand its strategic partnerships in the hydrogen sector.

How will SunHydrogen (HYSR) utilize the new funding?

SunHydrogen will use the funding to develop its technology, demonstrate a production-quality prototype, and invest in complementary technologies across the hydrogen value chain.

What is SunHydrogen's focus in the renewable hydrogen market?

SunHydrogen focuses on developing technologies to produce low-cost green hydrogen using sunlight and water, with a vision to become a major supplier in the hydrogen economy.