NewHydrogen CEO Steve Hill and Rutgers University Expert Focus on Green Hydrogen as a Grassroots Solution for Global Energy Transition

Rhea-AI Summary

NewHydrogen (OTCMKTS:NEWH), developer of ThermoLoop™ technology, hosted a podcast featuring CEO Steve Hill and Dr. Michael Shafer, Professor Emeritus at Rutgers University and President of Warm Heart Worldwide. The discussion focused on green hydrogen's potential in revolutionizing energy access for underserved communities.

Dr. Shafer emphasized the advantages of on-site green hydrogen production, particularly beneficial in regions like Malawi and Burundi where fuel costs and distribution pose significant challenges. He highlighted how local hydrogen production could eliminate dependence on expensive tanker truck transport, ensuring consistent energy access.

The discussion covered the importance of governmental support and public awareness campaigns in facilitating green hydrogen adoption. While acknowledging current higher costs compared to other renewable energy sources, Dr. Shafer noted hydrogen's faster refueling potential as an advantage over electric vehicles, especially in areas with grid infrastructure.

Positive

• Company's ThermoLoop™ technology uses water and heat instead of electricity to produce green hydrogen
• Technology could potentially reduce distribution costs in underserved markets
• Faster refueling advantage over electric vehicles in areas with infrastructure

Negative

• Current higher costs compared to other renewable energy sources
• Requires significant governmental support and infrastructure development
• Technology still in development phase with no commercial implementation mentioned

Dr. Michael Shafer highlighted the unique advantages of on-site green hydrogen production, particularly in regions lacking reliable energy infrastructure

SANTA CLARITA, Calif., Jan. 07, 2025 (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. Michael Shafer, a Professor Emeritus of Political Science at Rutgers University and President of the Board of Directors at Warm Heart Worldwide, Inc.

Dr. Shafer and Mr. Hill discussed the potential of green hydrogen to revolutionize energy access and sustainability in underserved communities. Dr. Shafer, a seasoned social entrepreneur with decades of experience in sustainable development, highlighted the unique advantages of on-site green hydrogen production, particularly in regions lacking reliable energy infrastructure.

Dr. Shafer said, “Green hydrogen offers a significant improvement over existing reliance on fossil fuels, especially in areas like Malawi and Burundi where fuel is costly and distribution is a major challenge. The ability to produce green hydrogen locally eliminates the need for expensive and often unreliable tanker truck transport, ensuring consistent access to energy for transportation and other essential needs.” He noted that this readily available energy source would significantly impact daily life, improving mobility and economic opportunities for communities.

The conversation also touched upon the crucial roles of policy and public engagement in facilitating a successful transition to green hydrogen. Dr. Shafer stressed the need for strong governmental support and public awareness campaigns to educate communities about the benefits and applications of this technology. He drew parallels with his experience promoting biochar, highlighting the importance of grassroots initiatives in building demand and fostering adoption.

While acknowledging the current higher cost of green hydrogen compared to other renewable energy sources like electric vehicles, Dr. Shafer expressed optimism about future innovations that could drastically reduce its price. He noted that the current focus on electric vehicles may be overlooking the faster refueling potential of hydrogen, which could accelerate the transition in areas with limited grid infrastructure.

Dr. Shafer also emphasized the critical need to address atmospheric CO₂ levels. He advocated for combined strategies, emphasizing green hydrogen's role in halting further emissions as a vital first step towards a sustainable future. Shafer's experience working with communities in developing countries, coupled with his insights on policy and public engagement, provides a valuable perspective on how green hydrogen can be a catalyst for positive global change.

Dr. Michael Shafer (B.A. Yale, Ph.D. Harvard), Professor Emeritus of Political Science at Rutgers University and Founder of Warm heart Worldwide, is published widely in foreign policy and international political economy, and has taught at universities around the world. Dr. Shafer is a member of the Council on Foreign Relations and a 21st Century Fellow. With funding from, inter alia, the Department of State and European Union, he has managed higher education reform initiatives in the Baltic states, Central and Eastern Europe, and Lebanon. Dr. Shafer is the founder of Global PACT, an international community development and civic engagement training program. With funding from Ford, Open Society Institute, Prudential and the United States Institute of Peace, he ran Global PACT programs in Brazil, Cambodia, Croatia, South Africa and Thailand. Since 2008 he has devoted himself entirely to Warm Heart.

Watch the full discussion on the NewHydrogen Podcast featuring Dr. Michael Shafer at 
https://newhydrogen.com/videos/ceo-podcast/michael-shafer-president-boar-of-directors-at-warm-heart-worldwide-inc.

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 and how does it work?

ThermoLoop™ is NewHydrogen's breakthrough technology that uses water and heat rather than electricity to produce green hydrogen, potentially making it the world's cheapest green hydrogen production method.

What advantages does NEWH's on-site hydrogen production offer for developing regions?

On-site hydrogen production eliminates the need for expensive tanker truck transport, ensures consistent energy access, and reduces distribution challenges in regions lacking reliable infrastructure like Malawi and Burundi.

How does NewHydrogen's (NEWH) hydrogen refueling compare to electric vehicle charging?

According to the discussion, hydrogen refueling offers faster refueling times compared to electric vehicles, which could be particularly advantageous in areas with grid infrastructure.

What are the current challenges facing NewHydrogen's (NEWH) green hydrogen implementation?

The main challenges include higher costs compared to other renewable energy sources, the need for strong governmental support, and requirements for public awareness campaigns to educate communities about the technology.