SB 1075 provides significant support for efforts to accelerate the production and use of green hydrogen in California
SANTA CLARITA, Calif., March 15, 2022 (GLOBE NEWSWIRE) -- NewHydrogen, Inc. (OTC:NEWH), a developer of breakthrough green hydrogen technologies, today expressed support for California SB 1075, which provides significant support for green hydrogen as a unique climate solution that can help the state meet its climate, clean energy, and clean air goals while preserving well-paid jobs.
As noted in the bill, hydrogen can significantly reduce emissions in several difficult-to-decarbonize sectors, including transportation, thermal power plants, agriculture, mining, shipping, aviation, and production of cement and steel. These industries are especially harmful to communities living near ports and freeways due to exposure to diesel pollution, which can lead to premature death, hospitalizations, and emergency room visits for those with chronic heart and lung disease. Hydrogen fuel cell buses and trucks have zero harmful tailpipe emissions, their only tailpipe emission being water.
SB 1075 supports the development of green hydrogen in California in several ways.
“Our team is very excited to be part of this effort to establish hydrogen as a key source of energy. Clearly, not all types of hydrogen are compatible with the goals of conserving natural resources and developing alternate sources of power while reducing pollution and harm to the environment. Only green hydrogen, which is produced with electricity from renewable sources, meets these goals,” said Spencer Hall, COO of NewHydrogen.
NewHydrogen previously announced encouraging progress on its ongoing sponsored research at UCLA to lower the cost of green hydrogen by eliminating or drastically reducing the use of precious metals in electrolyzers.
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.
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