The company said pairing ThermoLoop with small modular reactors could avoid grid buildouts and electrolyzer conversion losses as energy investment tops $3 trillion globally.
NewHydrogen, Inc. said it plans to use heat from small modular reactors, or SMRs (compact nuclear reactors), to scale its ThermoLoop clean hydrogen technology to 1 gigawatt or more. The company said the approach would use high-temperature nuclear heat for thermochemical water splitting (using heat to split water), allowing it to avoid power-grid constraints and some of the costs tied to electrolyzer-based production. The announcement comes as the International Energy Agency said annual global investment in energy supply and infrastructure has exceeded $3 trillion, with spending potentially approaching $5 trillion by 2030 in accelerated net-zero scenarios. Chief Executive Officer Steve Hill said the strategy is meant to move beyond grid dependence and target heavy industrial uses such as steelmaking, chemicals and refining. NewHydrogen also framed the model as a potential response to energy security pressures, noting that countries that import fossil fuels spent a combined $1.7 trillion in 2024 on external energy sources.