Dr. Sanjeev Mukerjee emphasizes the need of continued funding to scale hydrogen innovation
SANTA CLARITA, Calif., June 04, 2024 (GLOBE NEWSWIRE) — NewHydrogen, Inc. (OTCMKTS:NEWH), the developer of ThermoLoop™, a breakthrough know-how that makes use of water and warmth reasonably than electrical energy to provide the world’s most cost-effective inexperienced hydrogen, just lately mentioned challenges of translating cutting-edge science into marketable options. In a podcast interview, NewHydrogen CEO Steve Hill spoke with Dr. Sanjeev Mukerjee, Distinguished Professor within the Division of Chemistry and Chemical Biology at Northeastern College about his analysis on supplies that revolutionized power manufacturing, and his monitor document of turning leading edge science into actual world options.
When requested about the way forward for the hydrogen financial system, Dr. Mukerjee stated, There’s a push in direction of hydrogen; it would take a major period of time and funding to beat sturdiness and scalability points. The shift in direction of hydrogen is being pushed by the conclusion that low cost Russian gasoline has led to complacency in Western Europe, and the latest political strife has brought about a rethinking of power methods. He additionally highlighted the necessity for incentives and personal funding to assist the transition in direction of hydrogen.
Relating to the troublesome transition from lab scale to manufacturing in renewable power, Dr Mukerjee noticed, There are a lot of classes. First, it’s a must to have an thought which solves an issue in an enormous approach, disrupting the present cutting-edge¦it’s a must to defend the IP, file a provisional, file the total patent. However that does not promise success. There are such a lot of parts to translating an thought into actuality. He then emphasised the necessity for good partnerships with individuals who perceive the monetary elements and negotiate for fundraising. He believes within the spirit of optimism and the good examples of successes within the trade.
Shifting to progress in hydrogen purposes, the dialog turned to the potential of hydrogen gasoline cell vans and the necessity for political assist. Dr. Mukerjee defined, Corporations are keen to cease delivery merchandise with diesel and shift to hydrogen gasoline cells. I additionally want to spotlight the significance of the personal sector’s position on this transition, notably the necessity to produce hydrogen at $2 per kilogram or much less on the truck station. They identified the dearth of hydrogen infrastructure and agreed on the necessity for value discount and the significance of personal and public funding in hydrogen know-how.
As for the advantages of a decentralized strategy to electrical energy and hydrogen manufacturing and distribution, Dr. Mukerjee stated, There’s a want for decentralization to mitigate the danger of large-scale outages brought on by local weather occasions and pure disasters in addition to technological flexibility of a decentralized system, permitting the usage of completely different applied sciences in numerous places. They agreed on the potential of a transition to inexperienced energy with a mixture of wind, photo voltaic, and storage techniques, and cited Israel as a possible mannequin for innovation on this space.
Dr. Mukerjee additionally mentioned how low-cost inexperienced ammonia manufacturing may revolutionize agricultural fertilizer sustainability. He defined that the majority industrial fertilizers in the present day are made with ammonia. Whereas earlier makes an attempt at electrochemical and different processes to make inexperienced ammonia have confronted challenges, he sees sturdy potential to provide ammonia sustainably utilizing inexperienced hydrogen and clear nitrogen sources. Given ammonia’s pivotal position in trendy agriculture, cost-competitive inexperienced ammonia may have a serious affect on fertilizer manufacturing’s environmental footprint.
The dialog concluded on a optimistic notice with Dr Mukerjee’s encouragement to shed the pessimism and let’s resolve these issues!
Dr. Sanjeev Mukerjee is a School of Science, Distinguished Professor within the Division of Chemistry and Chemical Biology (Northeastern College); the place he has been since September of 1998. He additionally heads the middle for Renewable Power Know-how at Northeastern College (NUCRET) and its subset the Laboratory for Electrochemical Superior Energy (LEAP). Translational actions in live performance with elementary analysis have led to creation of startup corporations, Protonex Corp., (Now Ballard Energy Programs (NASDAQ:)) Westboro, MA and Pajarito Powders (Albuquerque, NM). He serves on the scientific advisory board of Creation Applied sciences (Boston, MA), Israel Nationwide Renewable Power Challenge, (Tel Aviv, Israel) (INREP). Dr. Mukerjee is listed as a Google (NASDAQ:) Scholar at https://scholar.google.com/citations?person=uqdNKhgAAAAJ&hl=en.
Watch the total dialogue on the NewHydrogen Podcast that includes Dr. Mukerjee at https://newhydrogen.com/movies/ceo-podcast/dr-sanjeev-mukerjee-northeastern-university.
For extra details about NewHydrogen, please go to https://newhydrogen.com/.
About NewHydrogen, Inc.
NewHydrogen is creating ThermoLoop™ “ a breakthrough know-how that makes use of water and warmth reasonably than electrical energy to provide the world’s lowest value inexperienced hydrogen. Hydrogen is the cleanest and most plentiful component within the universe, and we will not reside with out it. Hydrogen is the important thing ingredient in making fertilizers wanted to develop meals for the world. Additionally it is used for transportation, refining oil and making metal, glass, prescribed drugs and extra. Practically all of the hydrogen in the present day is constructed from hydrocarbons like coal, oil, and , that are soiled and restricted sources. Water, however, is an infinite and renewable worldwide useful resource.
At present, the commonest methodology of creating inexperienced hydrogen is to separate water into oxygen and hydrogen with an electrolyzer utilizing inexperienced electrical energy produced from photo voltaic or wind. Nonetheless, inexperienced electrical energy is and all the time will likely be very costly. It presently accounts for 73% of the price of inexperienced hydrogen. Through the use of warmth immediately, we are able to skip the costly course of of creating electrical energy, and essentially decrease the price of inexperienced hydrogen. Cheap warmth will be obtained from concentrated photo voltaic, geothermal, nuclear reactors and industrial waste warmth to be used in our novel low-cost thermochemical water splitting course of. Working with a world class analysis crew at UC Santa Barbara, our aim is to assist usher within the inexperienced hydrogen financial system that Goldman Sachs estimated to have a future market worth of $12 trillion.
Secure Harbor Assertion
Issues mentioned on this press launch comprise 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,” “believe,” “estimate,” “may,” “intend,” “expect” and comparable expressions establish 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 primarily based largely on the expectations of the Firm and are topic to quite a lot of dangers and uncertainties. These embody, however are usually not 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 reviews filed by the Firm with america Securities and Trade Fee. Any forward-looking assertion made by us on this press launch is predicated solely on info presently out there 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, which may be made infrequently, whether or not because of new info, future developments or in any other case.
Investor Relations Contact:
NewHydrogen, Inc.ir@newhydrogen.com
Supply: NewHydrogen, Inc.