NewHydrogen CEO Steve Hill Welcomes Dr. Justin Marlowe to NewHydrogen Team to Help Drive ThermoLoop™ Innovation

Rhea-AI Summary

NewHydrogen (OTCMKTS:NEWH) has announced that Dr. Justin Marlowe has joined the UCSB Technology Team to develop their ThermoLoop™ technology. This innovative process uses water and heat instead of electricity to produce cost-effective green hydrogen. Dr. Marlowe, who holds a Ph.D. in Chemical Engineering from UCSB, brings expertise in materials characterization and reaction engineering.

He will work alongside Dr. Phil Christopher and Dr. Eric McFarland at UCSB to optimize the thermochemical water splitting process. NewHydrogen CEO Steve Hill expressed confidence that Dr. Marlowe's addition will accelerate progress towards the company's objectives in developing scalable green hydrogen production.

Positive

• Addition of Dr. Justin Marlowe to the UCSB Technology Team, bringing expertise in materials characterization and reaction engineering
• Ongoing development of ThermoLoop™ technology, which aims to produce low-cost green hydrogen using heat instead of electricity
• Potential for optimizing thermochemical water splitting process, which could lead to more cost-effective hydrogen production

Negative

• None.

Dr. Marlowe brings his expertise in multiple materials characterization techniques and reaction engineering

SANTA CLARITA, Calif., July 16, 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 that Dr. Justin Marlowe recently joined the UCSB Technology Team for the development of a cost-effective thermochemical water splitting technology.

Dr. Marlowe will join Dr. Phil Christopher and Dr. Eric McFarland at the University of California, Santa Barbara to realize cost-effective, entropy-driven thermochemical water splitting. He has published several high impact works in the field of heterogeneous catalysis, broadly, and has participated in collaborative work on energy transitions funded by the U.S. Department of Energy. Dr. Marlowe’s expertise in multiple materials characterization techniques and reaction engineering will enable the identification of materials and conditions necessary to optimize thermochemical water splitting to hydrogen. Before joining the team, Dr. Marlowe conducted his doctoral research at UCSB with Dr. Phil Christopher and Dr. Mahdi Abu-Omar on catalytic materials targeting the replacement of petroleum with renewable biomass for the production of chemicals and fuels. He holds a B.S. in Chemical Engineering, Summa Cum Laude, from Rutgers University and a Ph.D. in Chemical Engineering from UCSB.

“We are excited to welcome Dr. Marlowe to our team and expect him to have an immediate impact in strengthening technology development activities,” said Mr. Steve Hill, CEO of NewHydrogen. “His expertise in multiple materials characterization techniques and reaction engineering will help the team to identity materials and conditions necessary to optimize thermochemical water splitting. We are confident that his addition to our UCSB team will bring us one step closer to achieving our corporate objectives.”

"I’m very excited for the opportunity to address one of the most important energy challenges of our generation-- the scalable production of green hydrogen-- alongside the expert team already assembled at UCSB,” said Dr. Marlowe. “I look forward to bringing my experience in materials characterization to the unique perspectives on reaction engineering and thermodynamics behind the team’s work to date to enable further strides in identifying ideal materials for the ThermoLoop^™ process.”

NewHydrogen is currently funding a sponsored research program at the University of California, Santa Barbara (“UCSB”), to develop its ThermoLoop^™ technology, a novel low-cost thermochemical process to split water using inexpensive heat, instead of expensive electricity. Since the commencement of the Company’s research project in August 2023, the UCSB team has been methodically developing the Company’s ThermoLoop^™ technology around unique materials that use heat to produce hydrogen and oxygen when reacted in a cyclic process with water vapor.

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 ThermoLoop™ technology?

ThermoLoop™ is NewHydrogen's breakthrough technology that uses water and heat, rather than electricity, to produce low-cost green hydrogen through a novel thermochemical process.

Who is Dr. Justin Marlowe and why did he join NewHydrogen (NEWH)?

Dr. Justin Marlowe is an expert in materials characterization and reaction engineering who joined NewHydrogen's UCSB Technology Team to help develop and optimize the ThermoLoop™ technology for cost-effective green hydrogen production.

What is the significance of Dr. Marlowe joining NewHydrogen (NEWH) in July 2024?

Dr. Marlowe's expertise is expected to accelerate the development of NewHydrogen's ThermoLoop™ technology by identifying optimal materials and conditions for thermochemical water splitting, bringing the company closer to achieving its objectives in green hydrogen production.

How long has NewHydrogen (NEWH) been working on the ThermoLoop™ technology at UCSB?

NewHydrogen has been funding a sponsored research program at the University of California, Santa Barbara (UCSB) to develop the ThermoLoop™ technology since August 2023.