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SunHydrogen Releases Shareholder Update on Progress Toward Commercializing its Green Hydrogen Technology
SunHydrogen Releases Shareholder Update on Progress Toward Commercializing its Green Hydrogen Technology.
About this update from Sunhydrogen Inc.
[{"type":"text","content":"\n CORALVILLE, IA , Aug. 29, 2023 (GLOBE NEWSWIRE) --   SunHydrogen, Inc. (OTC: HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, today provided an update to its shareholders from its Chief Executive Officer, Tim Young, as follows. Dear Fellow Shareholders, As we look back at the last fiscal year, I’d like to take a moment to highlight SunHydrogen’s recent accomplishments and steadfast dedication to our goal of producing low-cost, truly green hydrogen. As the threat of climate change commands the attention of governments and industry leaders globally, SunHydrogen is committed to helping the world move one step closer to an emission-free future. I am pleased to share an update on the business development strategies that SunHydrogen is deploying to enhance shareholder value and contribute to the ever-growing opportunities within the hydrogen market. Earlier this year, SunHydrogen unveiled the largest version to-date of our technology, the world’s first-ever nanoparticle-based green hydrogen generator. This prototype is currently the only self-contained nanoparticle-based hydrogen generation device of its kind that splits water molecules into high-purity green hydrogen and oxygen using the sun’s energy. Just like a solar panel is comprised of multiple cells that generate electricity, our hydrogen panel encases multiple hydrogen generators immersed in water. Each hydrogen generator contains billions of electroplated nanoparticles, autonomously splitting water into hydrogen and oxygen. Our technology has the potential to be one of – if not the most – economical green hydrogen solutions: Unlike traditional water electrolysis for hydrogen, our process requires no external power other than sunlight and uses efficient and low-cost materials. At lab scale, our team has consistently reached commercializable photovoltages and photocurrent densities using our nanoparticle units. Our next milestone is translating this lab-scale success to larger scales, and we plan to achieve this milestone by utilizing the best commercial partners and experts in the field. Accordingly, we recently entered into a Memorandum of Understanding (MOU) with COTEC to reproduce our existing lab-scale achievements utilizing industrial electroplating processes. We expe...