Sunhydrogen Inc (OTCMKTS: HYSR) – is making a steady run up the charts in recent trading moving up over $0.03 per share. The stock has a long history of making big mvoes skyrocketing from under a penny to highs over $0.30 per share in 2021. As per the last filing the Company had $51.5 in cash and marketable securites. With the additional $45 million investment minues the $10 million to TELCO HYSR has cash and available cash of about $86.5 million.
Sunhydrogen Inc (OTCMKTS: HYSR) is developing a breakthrough, low cost technology to make renewable hydrogen using sunlight and any source of water, including seawater and wastewater. Unlike hydrocarbon fuels, such as oil, coal and natural gas, where carbon dioxide and other contaminants are released into the atmosphere when used, hydrogen fuel usage produces pure water as the only byproduct. By optimizing the science of water electrolysis at the nano-level, our low cost nanoparticles mimic photosynthesis to efficiently use sunlight to separate hydrogen from water, to produce environmentally friendly renewable hydrogen. Using our low cost method to produce renewable hydrogen, we intend to enable a world of distributed hydrogen production for renewable electricity and hydrogen fuel cell vehicles.
. . . LEADING TO THE HOLY GRAIL OF RENEWABLE HYDROGEN
Still being developed, our proprietary and highly-efficient nanoparticle technology is built from the ground up to systematically lower the cost of each component.
The nanoparticle, structured as an autonomous nano-solar cell with catalysts, splits water into oxygen and hydrogen. Billions of the nano-solar cells are encapsulated in an array inside a square centimeter protective layer. The technology is designed to be manufactured using a low cost industrial roll-to-roll electrodeposition process. After cells are deposited and coated in the electrodeposition process on a metal substrate, the substrate is inserted into our proprietary solar hydrogen panel design. We have protected this process with patents in the US, Europe, Australia and China with pending grants in other countries.
- <$4/ H2 kg using only earth abundant cheap materials and processes
- Development and optimization of four major components
- Fault-tolerant design
- “Photoelectrosynthetically Active Heterostructures” US Patent Publication No. US9593053 B1 (Granted in US)
- “Methods for Manufacturing Photoelectrosynthetically Active Heterostructures”\ US Patent Publication No. US20170141258 A1. (Granted in US)
- “Multi-junction artificial photosynthetic cell with enhanced photovoltages”\ US20160076154 A1. (Granted in US, Australia, China and Europe)
Sunhydrogen Inc (OTCMKTS: HYSR) – is making an explosive move up the charts over $0.03 in recent trading.
— GaRIk088 🇦🇲 (@GaRlk888) December 1, 2022
— Beeken Technology (@beeken_tech) November 29, 2022
SunHydrogen Receives Additional $45M Capital Commitment, Shares Vision for Investment Strategy Across Larger Green Hydrogen Landscape
SANTA BARBARA, CA, Nov. 29, 2022 (GLOBE NEWSWIRE) — SunHydrogen, Inc. (OTC: HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, today shared that it has accepted a $45 million investment commitment from GHS Investments, LLC, of Jericho, New York.
The proceeds will be used in part to further the development of SunHydrogen’s nanoparticle-based green hydrogen technology, and in parallel to enable the Company to invest in and co-develop other complementary technologies across the renewable hydrogen value chain.
The Company remains committed to developing its nanoparticle technology to commercialization, with its most immediate internal goal being the successful demonstration of a first-ever, production-quality prototype.
However, with the addition of the $45M capital commitment, SunHydrogen also looks to realize its goal of furthering renewable hydrogen technology to grow the hydrogen ecosystem. Specifically, SunHydrogen seeks to make strategic investments by partnering with other early-stage companies to enable and assist them in reaching their own manufacturing stages. This vision is evidenced by SunHydrogen’s recent $10M strategic investment in Norway-based TECO 2030, the developer of zero-emission technology for the maritime and heavy industry sectors.
HYSR CEO Tim Young stated: “This investment commitment from GHS ushers in a new era of SunHydrogen as a technology company for the green hydrogen economy. Our mission to develop, acquire and partner with other critical technologies brings significant value to our investor base. Our cooperation with TECO 2030 is a prime example of this.”
For further information regarding the terms and conditions of GHS’s investment commitment, see the Company’s 8-K filed with the Securities and Exchange Commission on November 22,
As per the last filing the Company had $51.5 in cash and marketable securites. With the additional $45 million investment minues the $10 million to TELCO HYSR has cash and available cash of about $86.5 million.
HSYR MANAGEMENT TEAM:
President and CEO
Tim Young is an accomplished executive with over 15 years of management experience in media and Internet technology companies. Prior to SunHydrogen, Mr. Young was the President of Rovion, a rich media technology company, where he increased revenues through a channel sales strategy that included companies such as Clear Channel, Disney, CBS, and Fox Television and bolstered the company’s technical capabilities through strategic acquisitions. Prior to Rovion, Mr. Young enjoyed a decade long career at Time Warner Inc. where he served as Vice President and Regional Vice President of various divisions including America Online and Time Warner Cable. During his tenure, Mr. Young built some of the highest performing sales organizations at Time Warner with responsibilities ranging from product development, marketing, staff training to leadership development. After Time Warner’s acquisition of Adelphia Media Services and Comcast in 2004, Mr. Young served as Regional Vice President of Western Region, and was responsible for successfully integrating the California sales teams which accounted for over $200 million in revenues with 250 sales and marketing personnel, and launched several new product offerings.
JOUN LEE, PH.D.
Chief Technology Officer
Dr. Lee is a chemical engineer with over 13 years of research experience covering nano/biomaterials, advanced materials characterization and energy conversion and storage systems. Lee received her Ph.D. in Chemical and Environmental Engineering at the University of California, Riverside in 2009. As a postdoctoral research fellow at the University of California, Santa Barbara, Dr. Lee studied application of novel 1-d nanomaterials for photovoltaics and artificial photosynthetic systems with Prof. Martin Moskovits and Prof. Galen Stucky (Chemistry, UCSB). In 2014, she joined as an assistant research scientist at the University of Iowa. Dr. Lee has extensive experience in device fabrication using cleanroom foundry techniques and evaluation of photovoltaic/photosynthetic performances, and holds great expertise in advanced materials characterization techniques such as XPS, HRTEM, EELS/EFTEM. She has published over 20 articles in high-impact peer-reviewed journals including Nature Nanotechnology, Nano letters, Energy and environmental science etc.
SYED MUBEEN JAWAHAR HUSSAINI, PH.D.
Dr. Hussaini is an assistant professor of Chemical Engineering at the University of Iowa. He leads SunHydrogen’s development of a low cost, solar powered nanoparticle technology for extracting renewable hydrogen from water. He received his bachelor’s degree in Chemical and Electrochemical engineering from the Central Electrochemical Research Institute (CECRI), India, and his master’s degree in Chemical Engineering from the Birla Institute of Technology and Science, India. He earned his Ph.D. degree in Chemical and Environmental Engineering from the University of California, Riverside in 2009. He started his partnership with SunHydrogen from 2012 at the University of California, Santa Barbara where he was working as a post-doctoral researcher in the labs of Prof. Eric McFarland, Prof. Galen Stucky and Prof. Martin Moskovits. Dr. Hussaini holds significant proficiency in developing nanostructure based solar-active materials for solar fuel production and investigating development of economically benign energy conversion processes. Dr. Hussaini has published more than 35 articles in peer-reviewed papers including Nature Nanotechnology, Advanced Materials, ACS Nano, Nanoletters, Energy and Environmental Sciences etc.
JOHN STICKNEY, PH.D.
Scientific AdvisorDr. Stickney is a distinguished research professor of Chemistry at the University of Georgia, Athens with extensive background in the field of electrochemistry, materials chemistry and nanoscience. Dr. Stickney received his BS in Chemistry from Humboldt State University in 1981, and a Ph.D. from UC Santa Barbara, 1984. His dissertation was “Metal Deposition on Well-Defined Platinum Electrodes,” under Professor Arthur Hubbard. He joined the University of Georgia (UGA) in 1985 as an Assistant professor. He was most recently promoted to Distinguished Research Professor in 2013. He was selected Fellow of the Electrochemical Society in 2008, and received the Electrodeposition Research Award in 2009. He and his group developed electrochemical atomic layer epitaxy (EC-ALE) in the late 1980s, which now referred to as electrochemical atomic layer deposition (E-ALD). A patent was issued in 1994. The development of E-ALD has been a major effort of his research since. His work has always focused on the chemistry at interfaces, generally those between solution and electrodes, and of electrodeposited metals and semiconductors. ALD is the use of surface limited reactions to form deposits an atomic layer at a time, providing control of thickness and composition at the atomic level. Electrochemical surface limited reactions are generally referred to as underpotential deposits (UPD), which he studied as a graduate student. The majority of Stickney’s work has to do with control over surface and interface chemistry in electrodeposition of semiconductors. Stickney has been working on the electrochemical growth of solar cell materials for 30 years, starting with II-VI compounds such as CdS and CdTe. He has developed E-ALD cycle chemistries for the electrochemical growth of CIS, CGS, CIGS and others. Stickney started a small company in 2007, Electrochemical ALD L.C. (Athens, GA), to produce equipment for E-ALD.
WEI CHENG, PH.D.
Research ScientistDr. Cheng is an expert in chemical/electrochemical synthesis of semiconductors, and in photoelectrochemical device fabrication and characterization. His research focus is on the design of materials and photoelectrochemical devices for highly efficient hydrogen production with low-cost materials. He oversees SunHydrogen’s key projects by being in charge of system optimization, experimental validation and device performance improvement. Dr. Cheng received his bachelor’s degree in Materials Science and Technology from Nanjing University of Aeronautics and Astronautics and his master’s and Ph.D. degree in Materials Physics and Chemistry from Shanghai Jiao Tong University (SJTU), China. Dr. Cheng is currently a post-doctoral researcher at the University of Iowa where his research is research focus is on hydrogen production using earth-abundant light absorbers and electrocatalysts to fabricate cost-effective and highly efficient photoelectrochemical devices for hydrogen production.
JONATHAN KOONCE, M.S.
Jonathan is a chemist and chemical engineer with expertise in solar conversion and catalysis research. Jonathan received his bachelor’s degree in Chemistry at Trinity Christian College in Illinois and his master’s degree in Chemical & Biochemical Engineering from the University of Iowa. He is currently a research assistant at the University of Iowa where his research focuses on novel earth-abundant electrocatalyst materials for solar fuel production and the integration of electrocatalysts and photoactive materials for photoelectrochemical (PEC) devices. Additionally, Jonathan is proficient in protective coating applications for stabilizing solar cells in corrosive aqueous environments for solar hydrogen production.
NIRALA SINGH, P.HD.
Dr. Singh is a chemical engineer with expertise in developing efficient catalysts for solar fuel production. He received his Bachelor of Science degree in chemical engineering from the University of Michigan Ann Arbor and Ph.D. in chemical engineering from the University of California, Santa Barbara. He is researching ways to produce stable and inexpensive catalysts for the efficient production of hydrogen from sources such as hydrogen bromide etc., as well as photoelectrochemical absorbers for fuel and chemical production. Mr. Singh’s previous works include developing a Solar Energy Course and Lab Equipment at the University of Michigan, electrolysis of water for hydrogen production and bacteria decomposition for water purification, and testing and characterization of high-power semiconductor devices.
MARK J RICHARDSON
Mr. Mark Jay Richardson has been an Independent Director of SunHydrogen, Inc. since June 15, 2018. He serves as Managing Partner of Richardson & Associates. Mr. Richardson founded Richardson & Associates in June 1993. Mr. Richardson’s practice areas are corporate finance, securities offerings, corporate contracts, corporate governance, corporate formation, public corporations, securities registration, shareholders law, business law, real estate finance, limited liability company law, mergers and acquisitions, partnership law and general transactions.
SunHydrogen Announces $10M Strategic Investment in Norway-Based TECO 2030 ASA
SANTA BARBARA, CA, Nov. 15, 2022 (GLOBE NEWSWIRE) — SunHydrogen, Inc. (OTC: HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, today announced that it has invested $10M in TECO 2030 ASA (Oslo Stock Exchange: TECO, OTCQX: TECFF).
A Norway-based company, TECO 2030 is the developer of zero-emission technology for the maritime and heavy industry sectors. TECO 2030 is currently accelerating the transition to renewable fuels by developing and building Europe’s first gigafactory of hydrogen PEM fuel cell stacks for medium to heavy-duty trucks and PEM fuel cell modules for maritime applications.
Most recently, TECO 2030, Shell, and additional partners received €5 million in funding from Horizon Europe to realize the HyEkoTank, a hydrogen powered tanker that will look to lead the maritime shipping sector in achieving climate targets set by the European Union.
Additionally, earlier this year TECO 2030 announced a new collaboration with their longtime development partner AVL in which TECO 2030 will provide fuel cell stacks with energy capacities above 300kW for AVL’s HyTruck fuel cell system.
“Over the past year, we have considered many companies in the hydrogen space for strategic investment,” said SunHydrogen’s CEO Tim Young. “We believe TECO 2030’s fuel cell technology, designed with their development partner AVL, has shown incredible potential to become a key player in the fuel cell market.”
“In addition to our commitment to developing our nanoparticle technology, SunHydrogen is in parallel committed to enabling the green hydrogen economy,” Mr. Young continued. “Through our cooperation with TECO 2030, we believe our companies can make a significant impact in a fast-growing market that Goldman Sachs estimates to be worth $12 trillion by 2050.”
SunHydrogen’s $10M total strategic investment is in two parts. The first is a $7M direct investment for shares equal to 9.3% of TECO 2030. The second is a $3M convertible note at 8% interest that will be convertible into 6.1 million shares at 5.08 Norwegian Krone per share.
Following the investment, SunHydrogen shall designate a director to serve on TECO 2030’s board of directors. As part of the investment, the two parties agree to pursue a potential business combination and an up-listing onto a US stock exchange will be explored.
“This stretegic investment by SunHydrogen will give us more visibility and a strong strategic partner in the US which has very ambitious hydrogen plans,” said TECO 2030’s CEO Tore Enger. “I am looking forward to cooperating with SunHydrogen on our mission toward zero emission fuel cell projects.”
FIVEMINUTEPENNYSTOCKS IS NOT CONNECTED TO HYSR NOR DO WE HOLD A POSITION AND WE HAVE NOT BEEN COMPENSATED FOR THIS REPORT.