GHS Investments will provide funding to accelerate the development of the Company’s breakthrough green hydrogen production nanotechnology
SANTA BARBARA, CA— SunHydrogen, Inc. (OTCQB: HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, today announced it has agreed to accept an equity investment of up to $4 million from GHS Investments, LLC, of Jericho, New York (“GHS”). The proceeds from the investment will be used to accelerate the development of the Company’s nanoparticle hydrogen production technology and other strategic initiatives.
GHS Investments is a privately held fund focused on small to mid-cap Companies. GHS is industry agnostic and focuses on “super value” companies with a good operating entity and a strong management team.
Mark Grober, of GHS said, “We see the quality and business potential that HYSR brings forth and its commitment to building shareholder value. We are looking forward to our investment and excited to be working with HYSR.”
An article in Barron’s by Steve Goldstein this week states that Goldman Sachs is bullish on investment in Green Hydrogen. Goldman, according to the article, said that it is a “once in a lifetime” opportunity and that the addressable market could be worth $11.7 trillion by 2050.
Tim Young, CEO of SunHydrogen, said, “The market opportunity is enormous. We believe that our nanoparticle hydrogen production technology will be highly scalable and will produce green hydrogen at a very low cost. Our approach is truly a breakthrough and could dramatically alter the future of renewable energy. We feel a great sense of urgency and responsibility as we accelerate our development efforts.”
Mr. Young concluded, “GHS has a great reputation and will be a great partner. Their funding is timed perfectly.”
The terms of the investment have been disclosed on a form 8-K filed with the U.S. Securities and Exchange Commission.
About SunHydrogen, Inc.
SunHydrogen 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. To learn more about SunHydrogen, please visit our website at www.SunHydrogen.com.