NewHydrogen is a pre-revenue clean energy R&D company focused on developing a cheaper way to produce green hydrogen. Its core technology, ThermoLoop, is a thermochemical water-splitting process that uses heat — from sources like concentrated solar, geothermal, nuclear, or industrial waste heat — instead of electricity to break water into hydrogen and oxygen. Since electricity accounts for roughly 73% of the cost of conventional electrolyzer-based green hydrogen production, NewHydrogen argues that replacing electricity with cheaper heat could dramatically reduce production costs. The company conducts its research through a sponsored agreement with UC Santa Barbara, where two professors lead the work; NewHydrogen has filed two provisional patents jointly with UCSB covering the ThermoLoop process. The company plans to commercialize by licensing ThermoLoop to equipment manufacturers and large-scale hydrogen producers, rather than manufacturing or selling hydrogen directly. NewHydrogen has two full-time employees, no customers, no revenue, and no manufacturing operations. The company is entirely funded by equity. The ThermoLoop technology remains unproven at commercial scale, and NewHydrogen itself acknowledges the underlying redox chemistry is simple in theory but difficult in practice. NewHydrogen plans to begin marketing once it has a working prototype capable of demonstrating quantitative performance.