NewHydrogen Business Summary

NewHydrogen, Inc. (NEWH) is a development-stage technology company focused on disrupting the green hydrogen market through its proprietary ThermoLoop™ process. The company’s business model centers on the research and eventual commercialization of a thermochemical water-splitting technology that utilizes low-cost heat—sourced from industrial waste or small modular reactors (SMRs)—rather than expensive electricity to produce hydrogen. Currently pre-revenue, NEWH operates as a single reporting segment dedicated to intellectual property (IP) development, with future revenue expected to derive from technology licensing, joint ventures, or the sale of specialized production modules. In the competitive landscape, NEWH positions itself as a disruptive alternative to established electrolyzer manufacturers such as Plug Power Inc., Bloom Energy Corporation, Nel ASA, and ITM Power, aiming to bypass the "electricity cost barrier" that currently limits the commercial scalability of green hydrogen. The leadership team is led by CEO Steve Hill, who brings over 20 years of experience in business development and market strategy within the sustainable energy and technology sectors. Founder and Chairman Dr. David Lee provides strategic oversight with a 35-year background in engineering and corporate management. A critical pillar of the company’s technical execution is CTO Dr. Eric McFarland, a University of California, Santa Barbara (UCSB) professor and catalysis expert who co-invented the ThermoLoop technology. This executive core is supported by a high-pedigree scientific team at UCSB, including Principal Investigator Dr. Phillip Christopher, and internal engineering leadership from Director of Process Engineering Sundar Narayanan, a former ExxonMobil technologist. While primarily funded through public equity on the OTCQB, the company’s value proposition is anchored in this deep academic and industrial partnership.