NewHydrogen provides additional details on its research to lower the cost of green hydrogen
- Sep 7, 2021 5:03 pm GMT
Proton exchange membrane (PEM) electrolyzers are typically used when the available green electricity supply is intermittent in nature such as solar or wind. PEM electrolyzers, however, currently require high-cost catalysts that use rare earth metals such as iridium. These precious metal-based catalysts are not only expensive but also need to be replaced quite often. NewHydrogen’s focus, therefore, is to replace iridium with much more stable non-precious metal-based oxygen evolution reaction (OER) catalysts that not only cost less but also last much longer (and therefore do not need to be replaced as often).
The materials required for alkaline electrolyzers are relatively inexpensive compared to those for PEM electrolyzers. However, the alkaline electrolyzer technology is notably less efficient than that of PEM electrolyzers, thus requiring very large machinery to produce an equivalent amount of hydrogen. Anion exchange membrane (AEM) based electrolysis system attempts to combine alkaline electrolyzers’ cost savings with PEM’s performance.
Extreme weather around the world is disrupting existing energy systems and reinforces the need to accelerate the timeline for a clean energy transition. CNBC’s recent report from the United Nations’
Along with industry leaders,
“One kilogram of hydrogen has the same energy potential as a gallon of gasoline, but hydrogen has the advantage of simply turning into water vapor when used as fuel,” said Dr.
To learn more about the company, please visit https://www.NewHydrogen.com.
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, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, the impact on the national and local economies resulting from terrorist actions, the impact of public health epidemics on the global economy and other factors detailed in reports filed by the Company with the
Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Investor Relations Contact:
No discussions yet. Start a discussion below.
Get Published - Build a Following
The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.
If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.