Company: HYSR
Filing Date: 2025-09-15
Form Type: 10-K
Source: 0001213900-25-087311
Chunk: 0

Company: SUNHYDROGEN, INC.
Filing Date: 2025-09-15
Form: 10-K
Item: Item 1
Chunk 0
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Item 1. Business.

Unless otherwise stated
or the context requires otherwise, references in this annual report on Form 10-K to “SunHydrogen”, the “Company”,
“we”, “us”, or “our” refer to SunHydrogen, Inc.

Overview

At SunHydrogen, our goal
is to replace fossil fuels with clean, renewable hydrogen.

Hydrogen is the most abundant
chemical element in the universe. When hydrogen fuel is used to power transportation and industry, the only byproduct left behind is pure
water, unlike hydrocarbon fuels such as oil, coal and natural gas that emit carbon dioxide and other harmful pollutants into the atmosphere.
However, naturally occurring hydrogen molecules are rare – so rare that today about 95% of all molecular hydrogen is produced from
steam reforming of natural gas (Source: US Department of Energy, Hydrogen Fuel Basics). This process is both economically and environmentally
unsound.

SunHydrogen is developing
an efficient and cost-effective way to produce truly renewable hydrogen using sunlight  and any source
of water. Our innovative solar hydrogen technology uses abundant and low-cost materials, requires no external power other than sunlight,
and is designed with scalability in mind. Its core components include a substrate, photovoltaic layers, stabilization coatings, and catalysts
that integrate to split water molecules into renewable hydrogen and oxygen. Just like a solar panel is comprised of multiple cells
that generate electricity, our hydrogen panel encases multiple hydrogen reactors immersed in water. Each hydrogen generator autonomously
splits water into hydrogen and oxygen. We believe our technology has the potential to be one of – if not the most – economical
renewable hydrogen solutions: Unlike traditional water electrolysis for hydrogen, our process requires no external power other than sunlight
and uses efficient and commercial-proven materials.

We believe renewable hydrogen has already proven
itself to be a key solution in helping the world meet climate targets, and we believe our technology potentially offers solutions to the
challenges that the hydrogen future presents, including the cost of production and transportation. Many fossil fuel-based hydrogen producers
rely on transporting their product over long distances, a process that carries both a high carbon footprint and substantial capital costs.
The SunHydrogen solution is fully self-contained, offering on-site solar hydrogen generation and local distribution that eliminates production
and transport-related carbon footprint altogether and significantly reduces the capital investment required for transport and delivery.

Additionally, because our
process directly uses the electrical charges created by sunlight to