Shares of NewHydrogen, Inc. have experienced a significant surge as the company unveiled its ThermoLoop™ technology for green hydrogen production. This innovative technology, which uses water and heat instead of electricity, aims to produce the cheapest green hydrogen in the world. The recent joint patent application with the University of California, Santa Barbara introduces a novel thermochemical method for splitting water into hydrogen and oxygen without the need for costly electrolyzers. By leveraging advanced solid-state materials and machine learning-driven material discovery, NewHydrogen aims to optimize efficiency and cost-effectiveness in hydrogen production. Steve Hill, the CEO of NewHydrogen, highlighted the importance of this breakthrough, emphasizing that the multi-phase oxidation-reduction cycle employed in their process allows for hydrogen generation at lower temperatures and higher efficiency compared to traditional methods. The company's goal is to make green hydrogen economically viable on a large scale, aiming to tap into what is estimated to be a $12 trillion market opportunity by Goldman Sachs. The market response to the news was overwhelmingly positive, with shares of NEWH rising by 37.76% to $0.0197 following the announcement. This surge in investor interest underscores the excitement and optimism surrounding NewHydrogen's game-changing technology in the hydrogen production industry.