About Us
NewHydrogen is developing ThermoLoopTM - a breakthrough technology that uses water and heat instead of electricity to produce the world’s cheapest 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.
David Lee, founder of NewHydrogen, has over 30 years of engineering, marketing, sales, and corporate management experience in the areas of military and consumer communication systems, automotive electronics, software development and consulting. He has held senior management positions in a number of technology companies over the course of his career including Chief Operating Officer for Applied Reasoning, Inc., an Internet software development company; Vice President and General Manager of RF-Link Technology, Inc., a wireless technology company; Program Manager at TRW Transportation Electronics, and Systems Engineer at TRW Space and Defense. Dr. Lee holds a Ph.D. in Electrical Engineering from Purdue University, a Master of Science in Electrical Engineering from the University of Michigan Ann Arbor, and a Bachelor of Science in Electrical Engineering from the University of Texas at Austin.
Steven Hill brings to NewHydrogen extensive experience and business knowledge gained from working in the pharmaceutical industry. Steven has held senior management positions over the course of his career including Regional Account Manager for Relypsa Inc, a biopharmaceutical start-up in Redwood City, CA. Steven’s experience in the pharmaceutical industry leading up to Relypsa began in 2000 with roles varying from sales to marketing and leadership with AstraZeneca, Organon, Schering-Plough and Daiichi Sankyo. Steven also served as a Managing Member of Hill Investments, LLC, a real estate investment and design group during which time he consulted on property development and managed real estate investments. Steven received a Master of Business Administration degree from IE Business School, a Bachelor of Science in Technology Management degree from Utah Valley University and an Associate of Science in Aviation Science degree from Utah Valley University.
An atmospheric physicist who has worked as an environmental consultant and auditor, Ivor is specialized in air quality, climate change and the analysis of air emissions and greenhouse gasses (GHGs). His work experience includes a broad range of industry sectors, primarily with energy, and his clients have included oil and gas companies and utilities. He has been a leader in the field of GHG emissions verification services and has audited several hundred process and manufacturing facilities. He was a founder and manager of a startup company that focused on the application of low-emissions technologies for heavy duty vehicles and fleet services. He managed one of the first large battery electric fleet deployments for the US Postal Service. Ivor is a recognized expert in the hydrogen value chain, including production, storage, distribution, and end use. Ivor helps the company identify and connect with partners and communities looking to pursue green hydrogen generation as part of their clean energy portfolio.
