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Dr. Sanjeev Mukherjee highlights need for continued investment to scale hydrogen innovation
SANTA CLARITA, Calif., June 04, 2024 (GLOBE NEWSWIRE) — NewHydrogen, Inc. (OTCMKTS:NEWH), developer of ThermoLoop,™NewHydrogen, a company developing breakthrough technology to produce the world’s cheapest green hydrogen using water and heat instead of electricity, recently discussed the challenges of translating cutting-edge science into marketable solutions. In a podcast interview, NewHydrogen CEO Steve Hill spoke with Dr. Sanjeev Mukherjee, Distinguished Professor in the Department of Chemistry and Chemical Biology at Northeastern University, about their research into materials that are revolutionizing energy production and their track record of translating cutting-edge science into real-world solutions.
When asked about the future of the hydrogen economy, Dr Mukherjee said, “There is an impetus for hydrogen but overcoming durability and scalability issues will take significant time and investment. The move to hydrogen is driven by the realisation that cheap Russian gas has led to complacency in Western Europe, and recent political infighting has caused a rethink of energy strategies.” He also highlighted the need for incentives and private investment to support the transition to hydrogen.
On the difficult transition from lab-scale to production of renewable energy, Dr Mukherjee said, “There are a lot of lessons to be learned. First, you need an idea that significantly solves a problem, that disrupts the current state of the art. You need to protect your intellectual property, file provisional patents, file full patents, but that doesn’t guarantee success. There are so many moving parts to turning an idea into reality.” He stressed the need for good partnerships with people who understand the financial side and know how to negotiate financing. He believes in a spirit of optimism and great success stories in the industry.
Moving on to the topic of progress in hydrogen use, the conversation turned to the potential of hydrogen fuel cell trucks and the need for political support. Dr. Mukherjee explained, “Companies are ready to move away from transporting products on diesel fuel and move to hydrogen fuel cells. We also want to highlight the importance of the private sector’s role in this transition, particularly the need to produce hydrogen at trucking stations for less than $2 per kilogram.” They noted the lack of hydrogen infrastructure and agreed on the need to reduce costs and the importance of private and public investment in hydrogen technology.
On the benefits of a decentralized approach to electricity and hydrogen production and supply, Dr Mukherjee said, “Decentralization is necessary to reduce the risk of major power outages due to weather events and natural disasters. Also, the technical flexibility of a decentralized system allows different technologies to be used in different locations.” They agreed on the feasibility of a transition to green electricity combining wind, solar and storage systems, and pointed to Israel as a potential model for innovation in this area.
Dr. Mukherjee also discussed the potential for low-cost green ammonia production to revolutionize the sustainability of agricultural fertilizers. He explained that most fertilizers currently on the market are made with ammonia. Previous attempts to produce green ammonia through electrochemical and other methods have faced challenges, but he sees great potential to produce ammonia in a sustainable manner using green hydrogen and clean nitrogen sources. Given the pivotal role ammonia plays in modern agriculture, cost-competitive green ammonia could have a significant impact on the environmental footprint of fertilizer production.
The conversation ended on a positive note with Dr. Mukherjee’s encouragement: “Let’s leave pessimism behind and solve these problems!”
Dr. Sanjeev Mukherjee is an Adjunct Professor of Science in the Department of Chemistry and Chemical Biology at Northeastern University, where he has been with the university since September 1998. He also serves as Director of the Northeastern University Center for Renewable Energy Technology (NUCRET) and its subset, the Laboratory for Electrochemical Advanced Power (LEAP). His translational activities in conjunction with basic research have led to the creation of start-up companies such as Protonex Corp. (now Ballard Power Systems) in Westborough, Massachusetts, and Pajarito Powders in Albuquerque, New Mexico. He also serves on the Scientific Advisory Boards of Advent Technologies in Boston and the Israel National Renewable Energy Project (INREP) in Tel Aviv. Dr. Mukherjee is listed as a Google Scholar at: https://scholar.google.com/citations?user=uqdNKhgAAAAJ&hl=en.
Watch the full NewHydrogen podcast with Dr. Mukherjee below: https://newhydrogen.com/videos/ceo-podcast/dr-sanjeev-mukerjee-northeastern-university.
For more information on NewHydrogen, please click here. https://newhydrogen.com/.
About NewHydrogen, Inc.
NewHydrogen is developing ThermoLoop™ A breakthrough technology that uses water and heat instead of electricity to produce the world’s lowest cost green hydrogen. Hydrogen is the cleanest and most abundant element in the universe, and we couldn’t live without it. Hydrogen is a key feedstock for making the fertilizer needed to grow food around the world. It’s also used in transportation, oil refining, and the manufacture of steel, glass, pharmaceuticals, and more. Nearly all hydrogen today is made from hydrocarbons like coal, oil, and natural gas, which are polluting and limited resources. Water, on the other hand, is an infinite, renewable, global resource.
Currently, the most common way to produce green hydrogen is to split water into oxygen and hydrogen in an electrolyzer using green electricity generated by solar or wind. However, green electricity is and will remain very expensive; currently it accounts for 73% of the cost of green hydrogen. By using heat directly, we can skip the expensive process of making electricity and radically lower the cost of green hydrogen. Cheap heat can come from concentrated solar, geothermal, nuclear reactors and industrial waste heat and can be used in our innovative, low-cost thermochemical water splitting process. Working with a world-class research team at the University of California, Santa Barbara, our goal is to contribute to the advent of the green hydrogen economy, which Goldman Sachs estimates to have a future market value of $12 trillion.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, words such as “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements may differ materially from those anticipated, expressed or implied in the forward-looking statements contained herein. These forward-looking statements are based primarily on the Company’s expectations and are subject to a number of risks and uncertainties, including, but not limited to, risks and uncertainties related to the effects of economic, competitive and other factors affecting the Company and its business and markets, the impact of acts of terrorism on the national and local economies, the impact of public health epidemics on the global economy, and other factors detailed in the Company’s reports filed with the Securities and Exchange Commission. Any forward-looking statements made by the Company in this press release are based solely on information currently available to the Company and speak only as of the date the statements are made. The Company undertakes no obligation to publicly update any written or oral forward-looking statement that may be made from time to time, whether as a result of new information, future developments or otherwise.
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