NewHydrogen, the creator of a ground-breaking green hydrogen generator that uses renewable energy to produce low-cost green hydrogen, has expanded its green hydrogen development strategy.
In addition, the company will devote more resources to research and development in order to reduce the cost of producing green hydrogen.
“An electrolyzer — the primary component of a hydrogen generator — is still very expensive,” said David Lee, CEO of NewHydrogen. “We have made great progress with our existing technology developments to replace and reduce the expensive rare earth materials, which represent a significant cost factor. Now, we will widen our focus to include other breakthrough technologies to enable the next generation of low-cost electrolyzers.”
Dr. Lee continued, “Reducing the cost of producing green hydrogen using electrolyzers is a delicate balance. Bringing down the initial cost of the unit (CAPEX) and the ongoing operating expense (OPEX) are critical factors in driving down the cost. Also, efficiency and durability are very important factors. Improving the performance of the electrolyzer in one dimension usually results in reduced performance in other dimensions. Balancing these tradeoffs is one of the challenges for our development team. However, we will methodically expand our focus to other parts of the electrolyzer that are inherently expensive.”
Dr. Lee concluded, “Our team is very excited to be part of this growing worldwide effort to establish hydrogen as a key source of energy. Clearly, not all types of hydrogen are compatible with the goals of conserving natural resources and developing alternate sources of power while reducing pollution and harm to the environment. Only green hydrogen, which is produced with electricity from renewable sources, meets these goals. We believe that green hydrogen will play a critical role as the world shifts away from fossil fuels.”
