Noted Economist Gordon Rausser elaborates on investment strategies in the growing green hydrogen market SANTA CLARITA, Calif., June 18, 2024 (GLOBE NEWSWIRE) -- NewHydrogen, Inc.(OTCMKTS: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 the Company’s CEO Steve Hill recently hosted a dynamic conversation on the future of green hydrogen with esteemed economist Dr.
Rausser said, "I would like to underscore the importance of creating the right policy landscape and incentives to accelerate the adoption of green hydrogen, and its potential to mitigate the adverse impacts of fossil fuel usage on climate change.” While acknowledging existing challenges in cost competitiveness, he expressed optimism about the growing demand for green hydrogen once production costs align with market expectations.Dr.
Rausser also emphasized the role of research and development (R&D) in overcoming cost barriers and fostering innovation in the green hydrogen sector, advocating for coordinated efforts between public and private stakeholders to enhance R&D initiatives, citing the need for consortiums to maximize synergies and address coordination failures effectively.
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