NewHydrogen CEO Steve Hill and UC Berkeley Expert Explore Cheaper Renewables and the Hydrogen Opportunity

Renewable Energy Cost Trends - Solar energy has become the cheapest form of energy for new plant construction, with prices dropping by 90% over the past decade [2] - Wind energy costs have fallen by approximately 60%, further bolstering the economic viability of renewable sources [2] Green Hydrogen Development - Green hydrogen, produced from renewable sources, is critical for achieving true decarbonization, differentiating it from "gray" or "blue" hydrogen produced from fossil fuels [3] - Japan's National Hydrogen Strategy outlines a scenario where the country could fully decarbonize by the 2040s using renewable energy and hydrogen, achieving higher energy security at a lower cost than the current system [3] - NewHydrogen is developing ThermoLoop, a breakthrough technology that uses water and heat rather than electricity to produce the world's lowest cost green hydrogen [8][9] - Inexpensive heat for green hydrogen production can be obtained from concentrated solar, geothermal, nuclear reactors, and industrial waste heat [10] Energy Infrastructure and Storage - Significant shift in energy infrastructure planning is necessary to incorporate energy storage solutions [2] - Electric vehicles (EVs) can serve as mobile energy storage, with vehicle-to-grid (V2G) technology enhancing grid flexibility and resilience [4] - Mandated V2G capability in all new EVs could allow them to return energy to the grid during periods of peak demand [4] Equitable Transition and Job Creation - Benefits of green hydrogen development, including job creation and environmental cleanup, should be equitably shared among all communities, especially those historically burdened by pollution [5] - Concentrated industrial hubs are proposed as ideal test cases for demonstrating the feasibility and benefits of green hydrogen, providing a just and equitable transition [5] Market Potential - The green hydrogen economy is estimated by Goldman Sachs to have a future market value of $12 trillion [10]