HyperSolar Ends 2017 with Significant Advances in Renewable Hydrogen Technology
Company unveils go-to-market product strategy for low cost green hydrogen
SANTA BARBARA, Calif., Dec. 13, 2017 (GLOBE
Hydrogen fuel has immense potential with both economic and social ramifications, said HyperSolar CEO.....
GEN 1 Amorphous Triple Junction Silicon Solar Cells (Cost Target = $4.90/kg of H2)
The first generation system uses existing solar cells from Xunlight (Kunshan) Co. Ltd. in China. Their commercially-available amorphous silicon triple-junction (a-Si) solar cells were used by HyperSolar...
GEN 2 Proprietary Patented Nanoparticle Solar Cells (Cost Target = $2.90/kg of H2)
Company believes this GEN 2 system represents the holy grail of clean energy. It has the potential to establish unmatched cost reductions in the hydrogen market, solving demand challenges and immediately making both consumer and industrial applications much more suitable for mass adoption.
Moving forward in 2018
In the coming months, the Company will send its prototype to a reputable third-party such as National Renewable Energy Laboratory (NREL), for testing and validation. HyperSolar believes this product roadmap will allow the Company to enter the hydrogen market quickly, and also the potential to completely revolutionize the global hydrogen market with a very low cost solar hydrogen technology.
Most hydrogen used today, be it a fleet of Plug Power forklifts at Walmart or the hydrogen fuel pumped into a Toyota Mirai, is produced using natural gas reforming. ...
HyperSolars goals for 2018 are clear: the research teams must reduce the costs of the system and its specific components, objectives that have become clear and achievable based upon our existing progress to date. Further, the Company must continue to optimize both routes to commercialization, GEN 1 and GEN 2, understanding that GEN 1 is a product that may soon undergo evaluation and review from partners, while GEN 2 has the potential to fundamentally change the way the world produces and consumes energy.
The market for hydrogen is growing all around us. Many scientists, innovators, and energy professionals from around the world believe that hydrogen fuel has immense potential. Led by some of the brightest scientific thinkers in this space who collaborate with their peers in the industry, HyperSolars story is one that can result in a better tomorrow by enabling anybody in the world to produce low-cost renewable hydrogen wherever there is sunshine and water. A world powered by solar hydrogen is one of energy independence, with peace and prosperity for all.
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Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
Press Contact:
Eric Fischgrund
FischTank Marketing and PR
646-699-1414
Eric@FischTankPR.com
Source: HyperSolar, Inc.
© 2017 GlobeNewswire, Inc.
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