SANTA CLARITA, Calif., June 22, 2021 (GLOBE NEWSWIRE) — NewHydrogen, Inc. (OTC:NEWH), a developer of unpolluted power applied sciences, at the moment introduced that it has executed an settlement to additional develop the prevailing sponsored analysis settlement with the College of California at Los Angeles (UCLA) to develop know-how to scale back the price of inexperienced hydrogen manufacturing. With an elevated finances, the brand new settlement expands the scope of the non-precious metallic based mostly oxygen evolution response (OER) catalyst improvement program.
The UCLA researchers not too long ago created a non-precious metallic based mostly catalyst that demonstrated vital enchancment of OER in acidic circumstances by substituting a part of the prevailing metallic ingredient within the aforementioned catalyst materials construction. The catalyst’s low price and excessive sturdiness make it a great candidate towards the industrial water electrolysis methods working at excessive present densities.
“We’re very happy to broaden our clear power analysis program at UCLA with Dr. Huang and her workforce, a bunch whose collaboration we’ve got a excessive stage of confidence in,” stated Dr. David Lee, CEO of NewHydrogen. “Thus we’ve got determined to additional lengthen the OER aspect of the sponsored analysis program.”
The Firm’s earlier modification to the sponsored analysis program expanded its deal with considerably lowering or changing the hydrogen evolution response (HER) catalyst, platinum. Platinum is so uncommon that solely 200 tons are mined yearly and but its demand is ever rising in purposes resembling batteries, gasoline cells, fiber optics, LCD shows, most cancers remedy and plenty of others.
The researchers plan on scaling up the method for research in electrolyzers in a later part. Ultimately, a completely practical hydrogen-producing electrolyzer incorporating the Firm’s OER catalyst in addition to HER catalyst will function a reference prototype to assist electrolyzer producers worldwide to evaluate NewHydrogen’s deliberate know-how to provide low-cost inexperienced hydrogen.
About NewHydrogen, Inc.
NewHydrogen, Inc. is concentrated on creating a breakthrough electrolyzer know-how to decrease the price of inexperienced hydrogen manufacturing. Hydrogen is the cleanest and most considerable gasoline within the universe. It’s zero-emission and solely produces water vapor when used. Nevertheless, hydrogen doesn’t exist in its pure type on Earth so it should be extracted. For hundreds of years, scientists have identified tips on how to use electrical energy to separate water into hydrogen and oxygen utilizing a tool referred to as an electrolyzer. Electrolyzers put in behind a photo voltaic farm or wind farm can use renewable electrical energy to separate water, thereby producing inexperienced hydrogen. Sadly, electrolyzers are costly and depend on uncommon earth supplies resembling platinum and iridium. These very costly supplies account for almost 50% of the price of electrolyzers. The corporate’s know-how is geared toward considerably lowering or changing uncommon earth supplies in electrolyzers with cheap earth-abundant supplies to assist usher in a inexperienced hydrogen financial system that Goldman Sachs estimates can be value $12 trillion by 2050.
To study extra in regards to the firm, please go to https://www.NewHydrogen.com.
Protected Harbor Assertion
Issues mentioned on this press launch include forward-looking statements throughout the which means of the Non-public Securities Litigation Reform Act of 1995. When used on this press launch, the phrases “anticipate,” “consider,” “estimate,” “could,” “intend,” “count on” and comparable expressions determine such forward-looking statements. Precise outcomes, efficiency or achievements may differ materially from these contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based mostly largely on the expectations of the Firm and are topic to various dangers and uncertainties. These embrace, however aren’t restricted to, dangers and uncertainties related to: the affect of financial, aggressive and different components affecting the Firm and its operations, markets, the affect on the nationwide and native economies ensuing from terrorist actions,the affect of public well being epidemics on the worldwide financial system and different components detailed in studies filed by the Firm with the US Securities and Change Fee.
Any forward-looking assertion made by us on this press launch is predicated solely on data at the moment accessible to us and speaks solely as of the date on which it’s made. We undertake no obligation to publicly replace any forward-looking assertion, whether or not written or oral, that could be made once in a while, whether or not because of new data, future developments or in any other case.
Investor Relations Contact: