Newhydrogen Inc (OTCMKTS:NEWH) Stock Sees Buying At Lower Level After The Recent Fall
Newhydrogen Inc (OTCMKTS:NEWH) stock was in focus as the stock ended lower on Tuesday after the recent consolidation.
Market Action
In the previous trading session, NEWH fell 2.17% to $0.0225. A total of 792k shares traded for the session hands, well above its average volume of 4.70 million shares. The stock opened at $0.0230 and moved in a range of $0.0210 – 0.0243.
Key Trigger
September 07, 2021 – NewHydrogen provides additional details on its research to lower the cost of green hydrogen
Newhydrogen provided additional details of its previously announced sponsored research program at UCLA with a goal of lowering the cost of producing green hydrogen. Producing hydrogen economically and from renewable sources is a key component of a sustainable energy future.
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. NewHydrogen is also developing hydrogen evolution reaction (HER) catalysts for use with AEM electrolyzers.
Key Quote:
“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. David Lee, NewHydrogen’s CEO. “Research funded by NewHydrogen is focused on lowering the cost of producing hydrogen from renewable sources, creating a clean energy source that does not pollute.”