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Milestone strengthens transparency and credibility as the Company advances development of its ThermoLoop™ technology
SANTA CLARITA, Calif., April 22, 2025 (GLOBE NEWSWIRE) -- NewHydrogen, Inc. (OTCQB: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 that its common stock has been approved for uplisting to the OTCQB Venture Market. The company began trading on the OTCQB under the ticker symbol “NEWH” effective April 21, 2025.
The OTCQB Venture Market is a significant step up from the Pink Open Market and is designed for early-stage and developing U.S. and international companies. To qualify for OTCQB, companies must meet higher reporting standards, undergo annual verification and management certification, and be current in their financial reporting.
“Uplisting to the OTCQB marks an important milestone for NewHydrogen,” said Steve Hill, CEO of NewHydrogen. “It reflects our continued commitment to transparency, strong governance, and delivering long-term value to our shareholders as we work to develop the world’s cheapest green hydrogen.”
The Company believes the uplisting will expand its visibility to a broader group of U.S. and international investors and provide improved liquidity for its stock as it advances its ThermoLoop platform toward commercialization.
To learn more about ThermoLoop™ and NewHydrogen’s mission to produce the world’s cheapest green hydrogen, 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.