NewHydrogen Reports Progress in the Development of Its Breakthrough Green Hydrogen Generator
NewHydrogen, Inc. (OTC:NEWH) has successfully completed the benchmarking of its green hydrogen generator prototype, confirming its performance closely matches existing commercial catalysts. The company, focused on producing low-cost green hydrogen through renewable energy, conducted tests using a five-layer membrane electrode assembly embedded with platinum and iridium catalysts. Following this phase, further evaluations on long-term stability, hydrogen production rate, and overall costs of their novel catalysts will be undertaken. CEO Dr. David Lee expressed optimism about the results, viewing them as a significant step toward enhancing green hydrogen adoption and reducing reliance on rare materials essential for electrolyzers.
- Benchmarking results show prototype performance aligns with commercial catalysts.
- Focus on developing low-cost green hydrogen generator may lead to significant market growth.
- The company is advancing to the next evaluation phase, suggesting continuous innovation in its technology.
- None.
Baseline performance of the Company’s prototype has been fully benchmarked using commercial catalysts and is now available to evaluate the Company’s novel low-cost and high-performance catalyst technology.
SANTA CLARITA, Calif., April 11, 2023 (GLOBE NEWSWIRE) -- NewHydrogen, Inc. (OTC:NEWH), the developer of a breakthrough green hydrogen generator that uses renewable energy and water to produce low-cost green hydrogen, today reported progress in the development of its prototype. The prototype benchmarking phase has been completed and is now available to evaluate the Company’s novel low-cost and high-performance catalyst technology.
To establish the benchmark performance of current commercial catalysts, a systematic acidic water splitting test was conducted using a five-layer membrane electrode assembly (MEA) stack embedded with commercial platinum and iridium-based catalysts. The benchmarking test confirmed that the prototype’s performance was closely matched with the advertised performance associated with the commercial catalysts commonly used in commercially available electrolyzers.
The next phase in performance evaluation is now underway which includes activity transition into electrolytic cell, evaluation of long-term stability, hydrogen production rate, specific energy consumption and estimated overall costs of the Company’s new catalysts.
“We are very pleased with the results of the recent benchmark testing at UCLA,” said Dr. David Lee, CEO of NewHydrogen. “We look forward to the completion of the next test phase which will fully demonstrate the performance of our durable catalysts using this prototype set up. We believe that our technology will help accelerate the adoption of green hydrogen, providing a clean energy alternative to power a wide range of applications."
The Company believes that its latest accomplishment is a significant step toward the goal of developing a novel green hydrogen generator. The prototype green hydrogen generator will continue to serve as a platform for incorporating additional next generation component innovations to be developed by the Company going forward.
About NewHydrogen, Inc.
NewHydrogen is developing a breakthrough green hydrogen generator that uses renewable energy and water 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. 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. Our 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
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 the recent development reported by NewHydrogen (NEWH)?
How does NewHydrogen's prototype compare to existing technologies?
What are the next steps for NewHydrogen after the benchmarking phase?
What is the potential market value of green hydrogen according to Goldman Sachs?
What innovation does NewHydrogen aim for in hydrogen generation technology?
