Dr. Jackson Ewing emphasizes the need for a robust policy framework to incentivize green hydrogen production and adoption
SANTA CLARITA, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- NewHydrogen, Inc. (OTCMKTS:NEWH), the developer of ThermoLoop™, a breakthrough technology that uses water and heat rather than electricity to produce the world’s cheapest green hydrogen, today announced a podcast featuring CEO Steve Hill and Dr. Jackson Ewing, Director of Energy and Climate Policy at Duke University.
Dr. Ewing highlighted the ‘Catch-22’ dynamic in the hydrogen sector, where the lack of demand hinders investment in supply, and vice versa. He emphasized the need for a comprehensive approach, including incentives, infrastructure development, and market mechanisms to address this challenge. Promising demand drivers for hydrogen were identified, such as ammonia, long-haul trucking, and industrial processes, where green hydrogen could replace traditional fossil fuels.
As an advocate for policy interventions, Dr. Ewing discusses the importance of production tax credits, permitting reform, carbon pricing mechanisms, and low-carbon fuel standards to accelerate green hydrogen adoption. He argues that the hydrogen sector has the potential to thrive under various political climates, stressing the need for a robust and durable policy framework to ensure long-term investment and growth.
Dr. Ewing emphasized the importance of bipartisan support and collaboration in developing a vibrant green hydrogen sector, recognizing its significance for national energy security and climate goals.
Dr. Jackson Ewing holds a Doctorate in Environmental Security and Master's Degree in International Relations from Australia’s Bond University, and a Bachelor’s Degree in Political Science from the College of Charleston. He is currently Director of Energy and Climate Policy at the Nicholas Institute of Energy, Environment & Sustainability at Duke University. He holds additional appointments as an Adjunct Associate Professor at the Nicholas School of the Environment, a Faculty Affiliate with the Duke Center for International Development at the Sanford School of Public Policy and the Duke Asian/Pacific Studies Center, and Faculty Lead for the Duke Kunshan University International Masters of Environmental Policy program. Dr. Ewing’s work seeks to help facilitate energy transitions internationally and in the United States. His current projects focus on international climate finance and just energy transition partnerships, systems-level changes needed to meet net-zero goals in the United States, international carbon pricing and clubs, and US-China climate relations. He has worked in more than 20 countries, and collaborates closely with actors in government, the private sector, civil society, and international organizations. He publishes widely and contributes to radio, television, and print media. Prior to joining Duke, Dr. Ewing was Director of Asian Sustainability at the Asia Society Policy Institute in New York, where he led projects on Asian carbon market cooperation and sustainable resource development in the ASEAN Economic Community. He also previously served as a MacArthur Non-Traditional Security Fellow for Environment, Climate Change and Food Security at Singapore’s S. Rajaratnam School of International Studies.
Dr. Ewing is listed as Google Scholar at https://scholar.google.com/citations?user=E4bAXpMAAAAJ.
Watch the full discussion on the NewHydrogen Podcast featuring Dr. Jackson Ewing at https://newhydrogen.com/videos/ceo-podcast/jackson-ewing-phd-duke-university.
For more information about NewHydrogen, please visit https://newhydrogen.com/.
About NewHydrogen, Inc.
NewHydrogen is developing ThermoLoop™ – a breakthrough technology that uses water and heat rather than electricity to produce the world’s lowest cost green hydrogen. Hydrogen is the cleanest and most abundant element in the universe, and we can’t live without it. Hydrogen is the key ingredient in making fertilizers needed to grow food for the world. It is also used for transportation, refining oil and making steel, glass, pharmaceuticals and more. Nearly all the hydrogen today is made from hydrocarbons like coal, oil, and natural gas, which are dirty and limited resources. Water, on the other hand, is an infinite and renewable worldwide resource.
Currently, the most common method of making green hydrogen is to split water into oxygen and hydrogen with an electrolyzer using green electricity produced from solar or wind. However, green electricity is and always will be very expensive. It currently accounts for 73% of the cost of green hydrogen. By using heat directly, we can skip the expensive process of making electricity, and fundamentally lower the cost of green hydrogen. Inexpensive heat can be obtained from concentrated solar, geothermal, nuclear reactors and industrial waste heat for use in our novel low-cost thermochemical water splitting process. Working with a world class research team at UC Santa Barbara, our goal is to help usher in the green hydrogen economy that Goldman Sachs estimated 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, 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 United States Securities and Exchange Commission.
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:
NewHydrogen, Inc.
ir@newhydrogen.com
