New Hydrogen CEO Steve Hill and University of Houston Expert Discuss Hydrogen Adoption and Current State of Hydrogen Vehicles

Rhea-AI Summary

NewHydrogen (OTCMKTS:NEWH) released a podcast featuring CEO Steve Hill and Dr. Kaushik Rajashekara, Distinguished Professor at the University of Houston. Dr. Rajashekara shared insights from his experience at GM and Rolls-Royce, discussing hydrogen adoption and vehicle technologies. He highlighted that hydrogen fuel cells are more suitable for heavy-duty vehicles and aviation, while battery electric vehicles are better for passenger transport. The discussion covered the challenges of hydrogen infrastructure development and the potential applications in various transportation sectors. Dr. Rajashekara emphasized hydrogen's advantages in aviation, particularly for longer distances and quicker refueling compared to batteries.

Dr. Kaushik Rajashekara shares his experience in electric and hybrid propulsion systems stemming from his career at General Motors and Rolls-Royce

SANTA CLARITA, Calif., Nov. 19, 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. Kaushik Rajashekara, a Distinguished Professor of Engineering at the University of Houston.

Dr. Rajashekara discusses his early work at GM in the late 1980s on electric vehicles, transitioning technology from prototype to production, particularly focusing on the EV1, and his involvement in fuel cell technology, including developing the first gasoline reformer-based fuel cell vehicle and the shift towards using hydrogen fuel cells without onboard reformers. He also briefly touches on his work on solid oxide fuel cells for Rolls-Royce, focusing on power generation rather than propulsion.

On the challenges in hydrogen adoption, Dr. Rajashekara addresses the "chicken and egg" problem of fuel cell vehicle infrastructure versus vehicle availability, noting slow progress due to high costs and lack of refueling stations. He believes that hydrogen fuel cells are better suited for heavy-duty vehicles like buses, trucks, and ships, while battery electric vehicles are more efficient for passenger transport.

Dr. Rajashekara also outlines potential applications of hydrogen in aviation, including the Joby aircraft's use of hydrogen power, and emphasizes the advantages of hydrogen over batteries in aircraft due to quicker refueling and lighter weight for larger distances.

He concludes with optimism about hydrogen's role in sustainable transportation, particularly for heavy-duty and aviation applications, while recognizing challenges in passenger vehicle markets.

Dr. Kaushik Rajashekara received a Ph.D. in Electrical Engineering from Indian Institute of Science, Bangalore. He is currently a Distinguished Professor of Engineering at the University of Houston. He previously held many positions including a Distinguished Professor of Engineering at the University of Texas at Dallas, and Chief Technologist for Electric Power & Control Systems at Rolls-Royce Corporation. Dr. Rajashekara is a recipient of 2022 Global Energy Prize for outstanding contributions to transportation electrification and energy efficiency technologies while reducing power generation emissions, a Member of the U.S. National Academy of Engineering (NAE) for contributions to electric power conversion systems in transportation. His research interests include power electronics and drive systems, subsea electrical systems, transportation electrification, electric, hybrid, and fuel cell vehicle, electric and hybrid electric aircraft, and flying cars, renewable energy and microgrids. Dr. Rajashekara is listed as Google Scholar at ‪Kaushik Rajashekara - ‪Google Scholar.

Watch the full discussion on the NewHydrogen Podcast featuring Dr. Kaushik Rajashekara at https://newhydrogen.com/videos/ceo-podcast/dr-kaushik-rajashekara-university-of-houston.

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 instead of electricity to produce green hydrogen, claimed to be the world's cheapest.

What are the main applications for hydrogen fuel cells according to Dr. Rajashekara's NewHydrogen (NEWH) podcast?

According to Dr. Rajashekara, hydrogen fuel cells are better suited for heavy-duty vehicles like buses, trucks, and ships, as well as aviation applications, rather than passenger vehicles.

What are the main challenges for hydrogen adoption discussed in NewHydrogen's (NEWH) podcast?

The main challenge discussed is the 'chicken and egg' problem between fuel cell vehicle infrastructure and vehicle availability, with slow progress due to high costs and lack of refueling stations.