NEWHYDROGEN INC - NEWH STOCK NEWS

NewHydrogen, Inc. (OTC:NEWH) has announced an expansion of its green hydrogen development plan, committing additional R&D resources to reduce the cost of producing green hydrogen.

CEO David Lee highlighted efforts to replace expensive rare earth materials in electrolyzers, a key component of hydrogen generators. The company aims to improve production efficiency while balancing costs and performance. NewHydrogen believes that green hydrogen is crucial for transitioning away from fossil fuels, with Goldman Sachs projecting a $12 trillion market value for the green hydrogen economy.

NewHydrogen, Inc. (OTC:NEWH) is advancing its green hydrogen technology aimed at reducing production costs. With support from federal investments, including $8 billion for clean hydrogen hubs, the company is well-positioned in the growing green hydrogen market. The HyDeal LA initiative is establishing a significant green hydrogen hub in Southern California. NewHydrogen's research efforts focus on developing low-cost electrolyzers that minimize reliance on expensive precious metals, potentially enhancing long-term cost efficiency in hydrogen production.

NewHydrogen, Inc. (OTC: NEWH) announced significant opportunities arising from the recently passed Infrastructure Investment and Jobs Act, which allocates considerable funding towards clean hydrogen programs. This act includes over $550 billion in investments focused on developing clean energy strategies, specifically green hydrogen, produced from renewable sources like solar and wind. The company's innovative electrolyzer technology aims to reduce production costs by minimizing the reliance on rare earth materials, thus supporting the growth of the green hydrogen economy.

NewHydrogen, Inc. (OTC:NEWH) has updated its research program aimed at reducing green hydrogen production costs at UCLA. Preliminary results reveal that non-precious metal-based catalysts can replace expensive iridium in PEM electrolyzers, enhancing durability and cost-effectiveness. The new catalysts show a 50% increase in lifespan and improved oxygen evolution reaction performance. Additionally, the company is developing platinum-based hydrogen evolution reaction catalysts that utilize significantly less platinum. This innovation aligns with the goal of making green hydrogen production affordable.

NewHydrogen, Inc. (OTC:NEWH) has unveiled its research program at UCLA aimed at reducing costs in green hydrogen production. The initiative focuses on developing non-precious metal catalysts to replace expensive rare earth metals like iridium in electrolysis technology. With extreme weather emphasizing the urgency for clean energy, the company collaborates with the U.S. Department of Energy to achieve an 80% reduction in hydrogen production costs, targeting $1 per kilogram in the next decade. Hydrogen's clean energy potential is reinforced by its zero-emission profile when used as fuel.

NewHydrogen, Inc. (OTC:NEWH) recently shared key corporate milestones and future plans for its clean energy technology initiatives. COO Spencer Hall emphasized progress in reducing the costs of green hydrogen production by utilizing affordable materials in electrolyzers, moving away from rare earth elements. Significant achievements include a research agreement with UCLA and advancements in catalyst development. The company aims to enhance the durability and efficiency of its catalysts while fostering partnerships within the green hydrogen industry, highlighting a promising outlook for market adoption and revenue generation.

NewHydrogen, a clean energy technology developer, has strengthened its collaboration with UCLA to develop non-precious metal catalysts aimed at reducing the costs associated with green hydrogen production. The agreement will expand the existing research program with an increased budget. Researchers have demonstrated a low-cost and durable catalyst that improves performance in acidic conditions, vital for commercial electrolyzer systems. This effort aligns with projections that the green hydrogen market could reach $12 trillion by 2050.

NewHydrogen, Inc. (OTC:NEWH) provided an update on its green hydrogen technology development in collaboration with UCLA. The focus is on creating inexpensive catalysts for PEM electrolyzers to replace precious iridium with earth-abundant materials. Recent advancements led to a non-precious metal catalyst that enhances oxygen evolution reaction (OER) under acidic conditions. While its intrinsic activity may lag behind precious metals, its cost-effectiveness and durability position it as a strong candidate for commercial applications. NewHydrogen aims to further extend its research to produce low-cost green hydrogen.

NewHydrogen, Inc. (OTC:NEWH) has officially changed its name from BioSolar, Inc. (OTC:BSRC) to better align with its focus on reducing green hydrogen production costs.

Effective April 30, 2021, the rebranding emphasizes the company's commitment to developing innovative electrolyzer technology. This technology aims to replace costly precious metals used in electrolyzers, making green hydrogen production more affordable. NewHydrogen’s initiative supports the growing renewable energy sector, targeting a potential $12 trillion green hydrogen market by 2050.