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Steve Hill, CEO of NewHydrogen, discusses the opportunities and challenges of the hydrogen economy with Eugene Holubnyak

Steve Hill, CEO of NewHydrogen, discusses the opportunities and challenges of the hydrogen economy with Eugene Holubnyak

Industry expert

highlights the potential of hydrogen to support regional decarbonization goals and create new jobs

SANTA CLARITA, Calif., Sept. 26, 2023 (GLOBE NEWSWIRE) — NewHydrogen, Inc. (OTCMKTS:NEWH), the developer of a breakthrough technology that uses clean energy and water to produce the world’s most affordable green hydrogen, announced today In a recent podcast, the company’s CEO, Steve Hill, spoke with Eugene Holubnyak, director of the Hydrogen Energy Research Center at the University of Wyoming School of Energy Resources, about the opportunities and challenges of the hydrogen economy.

During the podcast, Mr. Hill and Mr. Holubnyak had the opportunity to delve into the complex world of the hydrogen economy. They examined the driving forces behind hydrogen adoption, concerns about energy security, and the real-world challenges facing regions like Wyoming and the western United States.

Holubnyak provided a comprehensive look at the different energy portfolios used for hydrogen production. These portfolios include coal, natural gas, wind and hydropower, each shaping ongoing progress in Wyoming’s hydrogen landscape. He highlighted the joint efforts of industry and academia in Wyoming and neighboring states to develop a strategic approach to hydrogen development that will continue to expand year after year.

“Hydrogen can play a key role in helping Wyoming and the Western U.S. achieve their decarbonization goals,” Holubnyak said. “By using hydrogen to power transportation and industry, we can reduce our dependence on fossil fuels and greenhouse gas emissions. In addition to environmental benefits, the development of a hydrogen economy in Wyoming and the Western United States could also create thousands of new jobs in a variety of fields, including engineering, construction, manufacturing and operations.”

Holubnyak continued: “The hydrogen economy is still in its early stages of development, but it has the potential to revolutionize the way we produce and consume energy.” Wyoming and the western US are well positioned to take advantage of this to play a leading role in this emerging industry. Hydrogen is expected to play an important role as the world transitions to a clean energy future. “Wyoming and the western United States have the potential to be leaders in the development of the hydrogen economy thanks to their abundant natural resources, skilled workforce and commitment to innovation.”

Eugene Holubnyak is director of the Hydrogen Energy Research Center at the University of Wyoming School of Energy Resources, where he leads a team of researchers and manages state and federal grants for hydrogen energy projects. He has more than 15 years of experience in sustainable energy development, carbon capture, utilization, storage (CCUS) and waste management. He has been a principal investigator on over $50 million in CCUS, hydrogen and critical minerals research and development projects and has published numerous peer-reviewed papers and reports. He also served on several technical committees and working groups, representing Kansas and the region on carbon transportation infrastructure and policy issues. He is passionate about advancing climate technology and carbon capture and storage, and exploring the potential of advanced life support systems for space settlements. Mr. Holubnyak is listed as a Google Scholar at


This podcast can be viewed at https://newhydrogen.com/single-video.php?id=luvHuNAWr7U

For more information about NewHydrogen, visit https://newhydrogen.com/

About NewHydrogen, Inc.

NewHydrogen is developing a breakthrough technology that uses clean energy and water to produce the world’s lowest-cost green hydrogen. Hydrogen is the cleanest and most abundant element in the universe and we cannot live without it. Hydrogen is the main ingredient in producing fertilizers needed to grow food for the world. It is also used for transportation, oil refining, and the production of steel, glass, pharmaceuticals, and more. Almost all hydrogen today is produced from hydrocarbons such as coal, oil and natural gas, which are dirty and limited resources. Water, on the other hand, is a globally unlimited and renewable resource. However, producing hydrogen from water is an expensive process. Working with research teams at UCLA and UC Santa Barbara, NewHydrogen is helping drive the green hydrogen revolution. We are developing NewHydrogen ThermoLoop™, a breakthrough water splitting technology that uses clean energy and water to produce unlimited quantities of the world’s cheapest green hydrogen. Our goal is to advance the green hydrogen economy, whose future market value is $12 trillion according to Goldman Sachs.

Safe Harbor Statement

The 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,” “could,” “intend,” “expect.” and similar expressions identify such forward-looking statements. Actual results, performance or achievements may differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the Company’s expectations and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties related to: the impact of economic, competitive and other factors affecting the Company and its operations and markets, the impact of acts of terrorism on the national and local economy, the impact of public violence and health epidemics on the global economy and other factors detailed in reports filed by the Company with the U.S. Securities and Exchange Commission. Any forward-looking statements we make in this press release are based solely on information currently available to us and speak only as of the date on which they are made. We undertake no obligation to publicly update any forward-looking statements, whether written or oral, that may be made from time to time as a result of new information, future developments or otherwise.

Investor Relations Contact:

NewHydrogen, Inc.

[email protected]

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