NewHydrogen reports on the progress of its green hydrogen technology development

Rhea-AI Summary

NewHydrogen, Inc. (OTC:NEWH) announced significant progress in its green hydrogen initiative, particularly concerning its Oxygen Evolution Reaction (OER) catalyst developed at UCLA. This innovative catalyst eliminates the need for iridium, potentially reducing electrolyzer costs that heavily rely on rare materials. Recent research shows that the structural modifications made to the catalyst enhance its stability, evidenced by minimal changes in atomic distances after extensive OER cycles. CEO Dr. David Lee expressed optimism about the ongoing developments and future innovations in their technology.

Positive

• Research at UCLA demonstrates enhanced stability of the OER catalyst, reducing costs associated with rare materials.
• The OER catalyst does not require iridium, potentially lowering electrolyzer production costs significantly.
• CEO expresses confidence in ongoing improvements and future technological expansions.

Negative

• None.

Company obtains additional scientific evidence supporting the superior performance of its OER catalyst

SANTA CLARITA, Calif., Sept. 07, 2022 (GLOBE NEWSWIRE) -- NewHydrogen, Inc. (OTC:NEWH), the developer of a green hydrogen generator, today reported on the progress of its Oxygen Evolution Reaction (OER) catalyst that does not use iridium and is for use in proton exchange membrane (PEM) electrolyzers.

The goal of NewHydrogen’s sponsored research at UCLA is to lower the cost of green hydrogen by eliminating or drastically reducing the use of precious metals in electrolyzers. Electrolyzers currently rely on rare materials such as iridium and platinum. These materials often account for a substantial portion of the cost of electrolyzers.

In 2021, researchers at UCLA funded by NewHydrogen developed a non-precious metal-based catalyst that does not use iridium but with significant improvement of OER in acidic conditions for PEM electrolyzers. Ongoing research at UCLA since then has focused on identifying optimal modification methods as well as establishing scientific evidence supporting the superior performance. In-depth analysis of the catalytic materials before and after the structural modification may also provide a path to further improvements in the future.

As previously mentioned in the Company’s June 2022 report, the OER catalyst samples before and after structure modification were subjected to a number of tests and measurements. The resulting data have been further analyzed to establish the key scientific evidence supporting the superior performance of its OER catalyst:

• Doped elements were positioned within the modified structure of the catalyst in a specific manner associated with the enhanced material characteristics, thus deemed to be the origin of the superior OER performance.

• After extended OER cycles, average distance between certain atoms and coordination atoms within the modified catalyst changed substantially less than that of the catalyst without modification. Smaller change in average distance suggests a higher stability of the modified catalyst.
  

“We are very pleased to see the exciting progress being made in our green hydrogen program at UCLA,” said Dr. David Lee, CEO of NewHydrogen. “We have great confidence in Dr. Huang and her team. We look forward to seeing more exciting achievements as we methodically expand our technology focus beyond catalysts in 2023.”

About NewHydrogen, Inc.

NewHydrogen is developing a breakthrough green hydrogen generator that uses renewable energy to produce low-cost green hydrogen. Hydrogen is the cleanest and most abundant fuel in the universe. It is zero-emission and only produces water vapor when used. Unfortunately, hydrogen does not exist in its pure form on Earth so it must be extracted from a source that contains hydrogen. For centuries, scientists have known how to split water into hydrogen and oxygen using a simple and elegant device called an electrolyzer. Unfortunately, an electrolyzer – the primary component of a hydrogen generator – is still very expensive. NewHydrogen is developing breakthrough technologies to enable the next generation of low cost electrolyzers. The Company’s initial focus is on replacing and reducing expensive rare earth materials, to help usher in the green hydrogen economy that Goldman Sachs estimated to have a future market value of $12 trillion.

To learn more about the company, please visit www.newhydrogen.com.

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:
Tom Becker
NewHydrogen, Inc.
ir@newhydrogen.com
(877) 904-3733

FAQ

What progress has NewHydrogen made with its OER catalyst?

NewHydrogen has demonstrated enhanced stability and performance of its OER catalyst through recent research at UCLA, reducing reliance on iridium.

How does the OER catalyst impact electrolyzer costs?

The OER catalyst's design aims to eliminate iridium use, which could significantly decrease the overall cost of electrolyzers.

What is the significance of the research conducted at UCLA for NewHydrogen?

The research supports the development of a more cost-effective and stable OER catalyst, crucial for advancing green hydrogen technology.

Who is leading the research on NewHydrogen's OER catalyst?

The research is conducted at UCLA under the guidance of Dr. Huang and her team, with funding from NewHydrogen.