Energy storage technologies company BioSolar has formed a wholly owned subsidiary, NewHydrogen, to develop an electrolyser technology to lower the cost of green hydrogen.
The company today (14th Dec) announced the launch of the new company which will run parallel and complementary to BioSolar’s existing lithium-ion technology development.
“NewHydrogen will focus on developing a breakthrough electrolyser technology to replace rare earth materials with inexpensive earth abundant materials,” said Dr. David Lee, CEO of BioSolar.
“While we embark on this new program in the high growth category of green hydrogen production, we remain committed to our existing battery technology development program with the focus of commercialising a silicon anode capable of improving the efficiency and lowering the cost of battery electric vehicle design and production.”
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