SANTA CLARITA, Calif. (June 22, 2023) — NewHydrogen, Inc. (OTC:NEWH), the developer of a breakthrough technology to produce low-cost green hydrogen, today announced that in a recent podcast the Company’s CEO, Steve Hill, and industry expert Dr. Ivor John discussed the future of hydrogen fuel and how the world is rapidly moving toward adoption.
During the podcast, Dr. John explained how hydrogen is the fuel of the future, “Every day now hydrogen seems to be in the news. We have 50 countries that have developed hydrogen strategies and that number is increasing every month and every year.”
Dr. John has been an advisor and partner with several hydrogen companies. He is an expert in hydrogen and has been a general partner with Hydrogen Power Partners for over three years. He has also been an advisor to SunHydrogen, Inc., for over four years. Dr. John is also an expert in technologies and processes associated with hydrogen. It is his expertise that he has also prepared a Readiness Plan for the Central Coast of California. For most of his career, he has been a consultant and advisor on the environment, specifically, air quality and climate change. Dr. John has a Ph.D. from Aberystwyth University in Physics of the Atmosphere. He also has a certificate as a Consulting Meteorologist from the American Meteorology Society. He is currently focusing on hydrogen and its transition and how it can be used to reduce emissions.
When asked about the recent hydrogen investments in different countries, Dr. John said, “Japan is committing $100 billion over the next 15 years for hydrogen fuel supply…over a thousand projects now, and it’s going to require about $320 billion of investment by 2030.”
In addition, he emphasized the active participation of the United States in this competition, stating, "The recent approval of the building infrastructure law has allocated $8 billion specifically for the establishment of Hydrogen hubs nationwide."
This conversation can be viewed at NewHydrogen Podcast - Ivor John - YouTube
For more information about NewHydrogen, please visit newhydrogen.com
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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