In order to demonstrate economic viability and new technology under development, NewHydrogen will begin supplying green hydrogen generators to intermittent renewable power sites, such as wind and solar farms.
Verde, a Massachusetts-based manufacturer of green hydrogen generation systems, has agreed to supply the company with hydrogen generation systems under the terms of a Manufacturing Supply Agreement.
The company is focusing on wind and solar farms that produce excess energy at certain times of the day. It can be used to run an electrolyzer that converts water into green hydrogen and distributes it through pipelines, where it can be converted back into electricity as needed. In tanks and caverns beneath the earth’s surface, this renewable hydrogen can be stored and used to power industrial processes and provide a backup for electrical grids. It is possible to bridge the energy supply-demand gap by repurposing unused energy capacity to produce fuels.
In order to reduce the cost of green hydrogen, NewHydrogen is sponsoring research at UCLA that aims to eliminate or significantly reduce the use of precious metals in electrolyzers. Platinum and iridium are two of the most common rare earth metals used in electrolyzers today. Nearly half of the cost of electrolyzers is borne by these components.
