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:
“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.”
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.
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.