NewHydrogen Inc. welcomed General Motors’ announcement expanding its investment in green hydrogen. This commitment by a major auto maker is a big boost to the green hydrogen industry, which is dedicated to emissions-cutting hydrogen generated with renewable power such as wind and solar energy.
General Motors unveiled plans to expand its hydrogen fuel cell business beyond vehicles by supplying hydrogen-powered generators for uses including construction sites, music festivals, data centers and military operations. The wider application of hydrogen fuel cells will allow GM to leverage and scale existing hydrogen investments and refine the technology, GM executives said.
"Think of places where you don't have a permanent installation for power generation, but you need clean power sources," Charlie Freese, executive director of GM's Hydrotec business, said on a call with journalists, as reported by Reuters.
“GM’s clear commitment to green hydrogen couldn’t come at a better time,” said Spencer Hall, COO of NewHydrogen. “The push for green hydrogen is rapidly gaining momentum and commitments by big players, such as GM, Toyota and Honda will bring even more investment capital into the space. We agree with others in the industry that green hydrogen is a critical part of a sustainable energy future and one of the largest business opportunities of our time.”
NewHydrogen previously announced encouraging progress on its ongoing sponsored research at UCLA to lower the cost of green hydrogen by eliminating or drastically reducing the use of precious metals in electrolyzers.