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New Hydrogen CEO Steve Hill and Duke University Energy Policy Expert Discuss the Challenges and Opportunities of the Hydrogen Sector in the United States

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NewHydrogen (OTCMKTS:NEWH), developer of ThermoLoop™ technology, hosted a podcast featuring CEO Steve Hill and Dr. Jackson Ewing, Director of Energy and Climate Policy at Duke University. The discussion focused on the hydrogen sector's challenges and opportunities in the United States. Dr. Ewing highlighted a 'Catch-22' dynamic where lack of demand hinders supply investment and vice versa. He identified promising demand drivers including ammonia, long-haul trucking, and industrial processes. The conversation emphasized the need for comprehensive policy frameworks, including production tax credits, permitting reform, and carbon pricing mechanisms to accelerate green hydrogen adoption.

NewHydrogen (OTCMKTS:NEWH), sviluppatore della tecnologia ThermoLoop™, ha ospitato un podcast con il CEO Steve Hill e il Dr. Jackson Ewing, Direttore della Politica Energetica e Climática presso la Duke University. La discussione si è concentrata sulle sfide e le opportunità del settore idrogeno negli Stati Uniti. Il Dr. Ewing ha sottolineato una dinamica 'Catch-22' in cui la mancanza di domanda ostacola l'investimento nella fornitura e viceversa. Ha identificato fattori di domanda promettenti come l'ammoniaca, il trasporto a lungo raggio e i processi industriali. La conversazione ha evidenziato la necessità di quadri politici complessivi, inclusi crediti d'imposta per la produzione, riforme dei permessi e meccanismi di pricing del carbonio per accelerare l'adozione dell'idrogeno verde.

NewHydrogen (OTCMKTS:NEWH), desarrollador de la tecnología ThermoLoop™, organizó un pódcast con el CEO Steve Hill y el Dr. Jackson Ewing, Director de Políticas Energéticas y Climáticas en la Universidad de Duke. La discusión se centró en los desafíos y oportunidades del sector del hidrógeno en los Estados Unidos. El Dr. Ewing destacó una dinámica de 'Catch-22' donde la falta de demanda obstaculiza la inversión en suministro y viceversa. Identificó impulsores de demanda prometedores como el amoníaco, el transporte de larga distancia y los procesos industriales. La conversación hizo hincapié en la necesidad de marcos políticos integrales, incluidos créditos fiscales para la producción, reforma de permisos y mecanismos de fijación de precios del carbono para acelerar la adopción del hidrógeno verde.

NewHydrogen (OTCMKTS:NEWH), ThermoLoop™ 기술 개발사는 CEO 스티브 힐(Steve Hill)과 듀크 대학교의 에너지 및 기후 정책 담당 이사 잭슨 유잉(Dr. Jackson Ewing)과 함께 팟캐스트를 진행했습니다. 이 논의는 미국 내 수소 산업의 도전 과제와 기회에 초점을 맞췄습니다. 유잉 박사는 수요 부족이 공급 투자를 방해하고 그 반대의 경우도 마찬가지인 'Catch-22' 역학을 강조했습니다. 그는 암모니아, 장거리 화물 운송 및 산업 공정과 같은 유망한 수요 요인을 확인했습니다. 대화는 청정 수소 채택을 가속화하기 위해 생산 세액 공제, 허가 개혁 및 탄소 가격 책정 메커니즘을 포함한 포괄적인 정책 프레임워크의 필요성을 강조했습니다.

NewHydrogen (OTCMKTS:NEWH), développeur de la technologie ThermoLoop™, a accueilli un podcast avec le PDG Steve Hill et le Dr. Jackson Ewing, directeur de la politique énergétique et climatique à l'Université de Duke. La discussion s'est concentrée sur les défis et les opportunités du secteur de l'hydrogène aux États-Unis. Le Dr. Ewing a souligné une dynamique de 'Catch-22', où le manque de demande freine l'investissement dans l'offre et vice versa. Il a identifié des facteurs de demande prometteurs, notamment l'ammoniac, le transport longue distance et les processus industriels. La conversation a mis en avant la nécessité de cadres politiques globaux, y compris des crédits d'impôt pour la production, des réformes des permis et des mécanismes de tarification du carbone pour accélérer l'adoption de l'hydrogène vert.

NewHydrogen (OTCMKTS:NEWH), Entwickler der ThermoLoop™-Technologie, veranstaltete einen Podcast mit CEO Steve Hill und Dr. Jackson Ewing, Direktor für Energie- und Klimapolitik an der Duke University. Die Diskussion konzentrierte sich auf die Herausforderungen und Chancen im Wasserstoffsektor in den Vereinigten Staaten. Dr. Ewing hob eine 'Catch-22'-Dynamik hervor, bei der eine geringere Nachfrage die Investitionen in das Angebot behindert und umgekehrt. Er identifizierte vielversprechende Nachfragefaktoren, einschließlich Ammoniak, Fernverkehr und industrielle Prozesse. Das Gespräch betonte die Notwendigkeit umfassender politischer Rahmenbedingungen, einschließlich Produktionssteuergutschriften, Genehmigungsreformen und Mechanismen zur Preisgestaltung von Kohlenstoff, um die Einführung von grünem Wasserstoff zu beschleunigen.

Positive
  • Company's ThermoLoop™ technology uses water and heat instead of electricity, potentially reducing production costs
  • Identified multiple market opportunities in ammonia, long-haul trucking, and industrial processes
Negative
  • Current market faces 'Catch-22' situation with lack of demand hindering supply investment
  • Success heavily dependent on yet-to-be-implemented policy frameworks and incentives

Dr. Jackson Ewing emphasizes the need for a robust policy framework to incentivize green hydrogen production and adoption

SANTA CLARITA, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- NewHydrogen, Inc. (OTCMKTS:NEWH), the developer of ThermoLoop, a breakthrough technology that uses water and heat rather than electricity to produce the world’s cheapest green hydrogen, today announced a podcast featuring CEO Steve Hill and Dr. Jackson Ewing, Director of Energy and Climate Policy at Duke University.

Dr. Ewing highlighted the ‘Catch-22’ dynamic in the hydrogen sector, where the lack of demand hinders investment in supply, and vice versa. He emphasized the need for a comprehensive approach, including incentives, infrastructure development, and market mechanisms to address this challenge. Promising demand drivers for hydrogen were identified, such as ammonia, long-haul trucking, and industrial processes, where green hydrogen could replace traditional fossil fuels.

As an advocate for policy interventions, Dr. Ewing discusses the importance of production tax credits, permitting reform, carbon pricing mechanisms, and low-carbon fuel standards to accelerate green hydrogen adoption. He argues that the hydrogen sector has the potential to thrive under various political climates, stressing the need for a robust and durable policy framework to ensure long-term investment and growth.

Dr. Ewing emphasized the importance of bipartisan support and collaboration in developing a vibrant green hydrogen sector, recognizing its significance for national energy security and climate goals.

Dr. Jackson Ewing holds a Doctorate in Environmental Security and Master's Degree in International Relations from Australia’s Bond University, and a Bachelor’s Degree in Political Science from the College of Charleston. He is currently Director of Energy and Climate Policy at the Nicholas Institute of Energy, Environment & Sustainability at Duke University. He holds additional appointments as an Adjunct Associate Professor at the Nicholas School of the Environment, a Faculty Affiliate with the Duke Center for International Development at the Sanford School of Public Policy and the Duke Asian/Pacific Studies Center, and Faculty Lead for the Duke Kunshan University International Masters of Environmental Policy program. Dr. Ewing’s work seeks to help facilitate energy transitions internationally and in the United States. His current projects focus on international climate finance and just energy transition partnerships, systems-level changes needed to meet net-zero goals in the United States, international carbon pricing and clubs, and US-China climate relations. He has worked in more than 20 countries, and collaborates closely with actors in government, the private sector, civil society, and international organizations. He publishes widely and contributes to radio, television, and print media. Prior to joining Duke, Dr. Ewing was Director of Asian Sustainability at the Asia Society Policy Institute in New York, where he led projects on Asian carbon market cooperation and sustainable resource development in the ASEAN Economic Community. He also previously served as a MacArthur Non-Traditional Security Fellow for Environment, Climate Change and Food Security at Singapore’s S. Rajaratnam School of International Studies.

Dr. Ewing is listed as Google Scholar at https://scholar.google.com/citations?user=E4bAXpMAAAAJ.

Watch the full discussion on the NewHydrogen Podcast featuring Dr. Jackson Ewing at https://newhydrogen.com/videos/ceo-podcast/jackson-ewing-phd-duke-university.

For more information about NewHydrogen, please visit https://newhydrogen.com/.

About NewHydrogen, Inc.

NewHydrogen is developing ThermoLoop – a breakthrough technology that uses water and heat rather than electricity to produce the world’s lowest cost green hydrogen. Hydrogen is the cleanest and most abundant element in the universe, and we can’t live without it. Hydrogen is the key ingredient in making fertilizers needed to grow food for the world. It is also used for transportation, refining oil and making steel, glass, pharmaceuticals and more. Nearly all the hydrogen today is made from hydrocarbons like coal, oil, and natural gas, which are dirty and limited resources. Water, on the other hand, is an infinite and renewable worldwide resource.

Currently, the most common method of making green hydrogen is to split water into oxygen and hydrogen with an electrolyzer using green electricity produced from solar or wind. However, green electricity is and always will be very expensive. It currently accounts for 73% of the cost of green hydrogen. By using heat directly, we can skip the expensive process of making electricity, and fundamentally lower the cost of green hydrogen. Inexpensive heat can be obtained from concentrated solar, geothermal, nuclear reactors and industrial waste heat for use in our novel low-cost thermochemical water splitting process. Working with a world class research team at UC Santa Barbara, our goal is to help usher in the green hydrogen economy that Goldman Sachs estimated to have a future market value of $12 trillion.

Safe Harbor Statement

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 contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, the impact on the national and local economies resulting from terrorist actions, the impact of public health epidemics on the global economy and other factors detailed in reports filed by the Company with the United States Securities and Exchange Commission.

Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Investor Relations Contact:

NewHydrogen, Inc.
ir@newhydrogen.com


FAQ

What is NewHydrogen's (NEWH) ThermoLoop™ technology?

ThermoLoop™ is NewHydrogen's breakthrough technology that uses water and heat rather than electricity to produce green hydrogen, aimed at creating the world's cheapest green hydrogen.

What are the main market opportunities for NewHydrogen (NEWH) in the hydrogen sector?

The main market opportunities identified are in ammonia production, long-haul trucking, and industrial processes where green hydrogen could replace traditional fossil fuels.

What is the main challenge facing NewHydrogen (NEWH) in the hydrogen market?

The main challenge is a 'Catch-22' dynamic where lack of demand hinders investment in supply, and vice versa, requiring comprehensive policy frameworks and market mechanisms to overcome.

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