Despite the recent stock market pullback, tech stocks have remained one of the best long-term investments. Innovation in technology creates significant opportunities for society while generating substantial wealth for its creators.
Today, shares of NewHydrogen, Inc. (OTCPK: NEWH) are surging as the developer of ThermoLoop™, a breakthrough technology that uses water and heat rather than electricity to produce the world’s cheapest green hydrogen, announced that it has jointly filed a patent application in the United States with the University of California, Santa Barbara for its innovative hydrogen production process.
The patent, titled “Coupled Multi-Phase Oxidation-Reduction for Production of Chemicals,” introduces a novel thermochemical method for splitting water into hydrogen and oxygen without relying on expensive electrolyzers. This proprietary process utilizes advanced solid-state materials and machine learning-driven material discovery to optimize efficiency and cost-effectiveness.
“Our latest innovation represents a major leap forward in hydrogen production,” said Steve Hill, CEO of NewHydrogen. “By leveraging a multi-phase oxidation-reduction cycle, we can generate hydrogen at lower temperatures and greater efficiency than conventional methods. This breakthrough moves us closer to making green hydrogen economically viable at scale that will help bring to pass what Goldman Sachs estimates to be a $12 trillion market opportunity.”
Including a trillion-dollar figure in a press release is sure to grab investor attention—and it certainly did. Shares of NEWH are up 37.76%, trading at $0.0197 in mid-morning action following the news.
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