SANTA CLARITA, Calif., Nov. 1, 2022 (GLOBE NEWSWIRE) — NewHydrogen, Inc. (OTC: NEWH), a developer of breakthrough technology to produce low-cost green hydrogen, announced today that it has partnered with the University of California, California. The University of Los Angeles (UCLA) has signed an agreement to further expand an existing sponsored research agreement to develop technologies to reduce the cost of green hydrogen production. The new agreement expands the scope of the program to include the development of efficient and stable hydrogen production using PEM electrolyzers.
The goal of NewHydrogen-sponsored research at UCLA is to reduce the cost of green hydrogen by systematically reducing the cost and improving the performance of key components of the hydrogen generator. These electrolyzers, which split water into oxygen and hydrogen, currently rely on rare materials such as iridium and platinum, which account for a significant portion of the cost.
In 2021, UCLA researchers funded by NewHydrogen have developed a low-cost oxygen catalyst that does not use expensive iridium and significantly improves the performance of PEM electrolyzers. Hydrogen catalysts have also been developed that use an order of magnitude less platinum or no platinum at all.
The company is currently at the stage of integrating its novel oxygen and hydrogen catalysts into a complete prototype electrolyser. The agreement expands its technology focus to include other component innovations related to gas diffusion layers, ion exchange membranes and catalyst layers. The company’s ultimate goal is to develop low-cost, high-performance electrolyzers composed of multiple breakthrough components.
“We are excited to expand our green hydrogen research program at UCLA with Dr. Huang and her team, and we have great confidence in them,” said Dr. NewHydrogen CEO David Lee. “We look forward to seeing more achievements to substantially reduce the cost of producing green hydrogen by expanding sponsored research programs.”
About NewHydrogen, Inc.
NewHydrogen is developing a breakthrough technology to produce low-cost green hydrogen from renewable energy. Hydrogen is the cleanest and most abundant fuel in the universe. It is zero-emission and only produces water vapour when in use. Unfortunately, hydrogen does not exist in pure form on Earth, so it must be extracted from sources that contain hydrogen. For centuries, scientists have known how to split water into hydrogen and oxygen using a simple and elegant device called an electrolyzer. However, electrolyzers are still very expensive. NewHydrogen plans to develop several component innovations to enable the next generation of low-cost electrolyzers. The company’s initial focus is on replacing and reducing expensive rare earth materials to help usher in a green hydrogen economy that Goldman Sachs estimates will be worth $12 trillion in the future.
To learn more about the company, visit www.newhydrogen.com.
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New Hydrogen Corporation
ir@newhydrogen.com
