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.”
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