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NewHydrogen Announces Its First Production of Clean Hydrogen
Globenewswire· 2025-07-15 07:30
Core Viewpoint - NewHydrogen, Inc. has achieved a significant milestone by demonstrating real-time hydrogen production using its innovative ThermoLoop technology, which utilizes heat instead of electricity for water-splitting, potentially leading to the world's lowest cost clean hydrogen production [1][2][7]. Technology Demonstration - The company showcased its ThermoLoop lab benchtop unit, marking the first instance of continuous hydrogen production, which allows for simultaneous production of hydrogen and oxygen [2][3]. - The Special Report provides insights into the laboratory processes and the unique thermochemical water-splitting approach of ThermoLoop, which could render traditional electrolyzers obsolete [4]. Pathway to Commercial Scale - This lab demonstration is a crucial step towards scaling the technology for commercial applications, similar to the evolution of steam reforming of natural gas, which currently produces over 60 million tons of hydrogen annually in a $170 billion market [6]. Cost Efficiency - ThermoLoop's heat-based method addresses the high cost of clean hydrogen production, where electricity constitutes up to 73% of production costs. By utilizing heat from various sources, the technology aims to significantly reduce these costs [7][9]. - The company collaborates with a research team at UC Santa Barbara to advance the clean hydrogen economy, which Goldman Sachs estimates could reach a market value of $12 trillion [9]. Company Overview - NewHydrogen is focused on developing ThermoLoop, a technology that leverages water and heat for hydrogen production, positioning itself as a key player in the clean hydrogen sector, which is essential for various industries including agriculture, transportation, and manufacturing [8].
NewHydrogen Announces Its First Production of Clean Hydrogen
GlobeNewswire News Room· 2025-07-15 07:30
Core Viewpoint - NewHydrogen, Inc. has achieved a significant milestone by demonstrating real-time hydrogen production using its innovative ThermoLoop™ technology, which utilizes heat instead of electricity to produce clean hydrogen at a lower cost [1][2][7]. Technology Demonstration - The company showcased its ThermoLoop lab benchtop unit, marking the first instance of continuous hydrogen production through a thermochemical water-splitting process [2][3][4]. - Previous versions of the technology could only produce either hydrogen or oxygen, but the latest iteration allows for simultaneous production, enhancing efficiency and data collection for future scaling [3][4]. Pathway to Commercial Scale - This lab demonstration is a crucial step towards commercial applications, similar to the evolution of steam reforming of natural gas, which now produces over 60 million tons of hydrogen annually in a $170 billion market [6]. - The technology aims to address the high production costs of clean hydrogen, where electricity currently constitutes up to 73% of these costs [7][9]. Industry Impact - NewHydrogen's approach could potentially render traditional electrolyzers obsolete, significantly impacting the clean hydrogen economy, which Goldman Sachs estimates could reach a market value of $12 trillion [5][9]. - The company is collaborating with a world-class research team at UC Santa Barbara to advance its technology and contribute to the clean hydrogen economy [9].