NewHydrogen said it remains committed to lowering the cost of green hydrogen by reducing or replacing rare earth materials in electrolysers with inexpensive earth abundant materials.
Confirming its goals today (July 19), the clean energy technologies company said it has already achieved several milestones of its green hydrogen technology programme but now seeks to move forward and focus on other key objectives to achieve its mission.
On the company’s commitments, Spencer Hall, NewHydrogen’s Chief Operating Officer, said, “NewHydrogen has made significant progress towards its goal of developing technologies that lower the cost of producing green hydrogen, accelerating the timeline for large-scale applications in high growth markets.
“Our success will be measured by two key initiatives: technology development and our ability to form meaningful, mutually beneficial relationships with the right partners. We believe both objectives are on track for success, and we are excited for what we expect to be an eventful 2021.”
Under the company’s next steps, it hopes to:
- Further improve the stability of the non-precious metal-based OER catalyst at high current density in preparation for upcoming electrolyser studies.
- Develop platinum-based HER catalysts with significantly enhanced mass activity and stability and develop non-precious metal-based HER catalysts with comparable activity to existing platinum-based catalysts.
- Incorporate HER/OER catalysts into a prototype electrolyser that will serve as a reference prototype to demonstrate NewHydrogen’s catalyst technology to produce low-cost green hydrogen.
- Continue to foster partnerships and actively participate in green hydrogen industry consortium activities.
“While we work to achieve these milestones, we are highly optimistic about bringing NewHydrogen technologies to market in the coming years,” Hall said.
“As high-growth industries continue to adopt new and improved electrolyser technologies, the market opportunity for customer adoption and revenue generation is tremendous for a solution like ours.”
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