MONTREAL, Canada — HPQ Silicon Resources Inc., an innovative silicon solutions and technology development company, is pleased to announce the signature of a Memorandum of Understanding (“Agreement”) with EBH2 Systems SA, (“EBH2”) a Swiss company that possesses a proprietary electrolysis technology that can efficiently extract, from virtually any water source including salt water, a Clean Hydrogen also called Green Hydrogen that can be used to create low-cost electricity with no environmental impact.
EBH2 SYSTEMS SA DEVELOP A GREEN AND SCALABLE PROCESS TO PRODUCE CLEAN HYDROGEN
EBH2 has filled a provisional patent for its new and novel process to make Green Hydrogen, a process that is scalable and adaptable to numerous applications from various modes of land and sea transport to single home dwellings, district wide power generation and large-scale industrial applications. EBH2 first successfully tested prototype model has a clean energy production capacity starting at 1 Megawatt of power that can be produced over 7 days from 2 litres of water; sufficient energy to power a typical three (3) bedroom suburban house. (LINK TO VIDEO)
WORKING TOGETHER TO DEVELOP AN INDUSTRIAL SCALE EBH2 SYSTEM TO PRODUCE GREEN SILICON
EBH2 believes it can scale to power the planned high purity silicon and Nano silicon production by HPQ. If successful, HPQ proposes to bundle the energy production capability of EBH2 systems with its silicon production to further reduce the environmental footprint of its developing high purity silicon, nano powders, and other Renewable Energy products. Under the Agreement HPQ can acquire a perpetual world-wide license to sell or deploy the bundled HPQ Technologies – EBH2 generator-based systems anywhere in the world.
COMBINING FORCES TO ESTABLISH A NORTH AMERICAN EBH2 GENERATOR SALES CAPABILITY
The Agreement establishes the terms of the creation of a new Joint venture Company (“NEWCO”) owned by HPQ and EBH2 that will market, sell and service EBH2 systems and products in North America (Canada, Mexico, and the United States). The potential cost and GHG reduction benefits of the EBH2 first commercial size model are huge plus the units could readily replace solar panels or standby generators for homeowners. The global standby generator market is anticipated to grow by 4.9% CAGR between 2021 and 2025, attaining US$ 1.3 billion by 2025. North America has the largest market share at 33.87% in 2019, a market expected to grow with a CAGR of 3.7% to 2025.1
US DOE PUSHING FOR A REDUCTION IN CLEAN HYDROGEN PRODUCTION COST TO US$1 PER KILOGRAM
To encourage new and creative solutions to bolster clean energy production, the U.S. Department of Energy has just launched what is described as an ambitious Hydrogen Earthshot Program aimed at reducing the cost of clean hydrogen by 80% to $1 per 1 kilogram in 1 decade (by 2030).
EBH2 SYSTEMS PRODUCE CLEAN HYDROGEN FOR LESS THAN US$ 1 PER KILOGRAM
Currently, production of Clean Hydrogen from renewable energies (Green Hydrogen), cost about US$5 per kilogram, giving Clean Hydrogen a cost disadvantage compared to hydrogen produced using fossil fuels (Grey and Blue Hydrogen) which have a US$1 per kilogram cost2 . EBH2 is confident its cost per kilogram to produce its Clean Hydrogen is less than US$1, indicating that the EBH2 module already surpasses the Hydrogen Earthshot program goals and is cost competitive compared to fossil fuels base hydrogen.
“HPQ has been at the forefront of Silicon innovation development since 2015, yet the fact remains that converting quartz into silicon is a highly energy intensive process. EBH2 Systems SA, with their unique process to extract hydrogen from water to generate cheap green energy present HPQ with one of these games changing synergetic opportunities that we simply could not overlook,” said Bernard Tourillon, President and CEO of HPQ Silicon. “When EBH2 demonstrates that the system can do what they say it will, HPQ will be incredibly well positioned to reduce the cost and environmental footprint of making its silicon materials all the while opening up new, and massive addressable markets for a system that can produce cheaply green hydrogen, on demand.”
About EBH2 Systems SA.
EBH2 Systems SA is a Swiss company located in Lausanne area which is working on Hydrogen solutions that will be Powering a Healthier future. Together with a researcher that has dedicated his life to develop green Hydrogen technologies, EBH2 has found the solution to produce Hydrogen from virtually any water source including salt water. EBH2 is scalable with no limits. It can power a small domestic generator up to ships, factories, buildings, cryptocurrency mines with high energy consumption and even cities. EBH2 is one of the solutions to reduce more than 15% of the emissions for 2021. For more information, please visit EBH2 web site.
About HPQ Silicon Resources
HPQ Silicon Resources Inc. (TSX-V: HPQ) is a Quebec-based innovative silicon solutions company that offers innovative silica (SiO2), silicon (Si) based solutions and is developing a unique portfolio of high value-added silicon (Si) products sought after by battery and electric vehicle manufacturers.
Silicon (Si), also known as silicon metal, is one of today’s key strategic materials needed for the decarbonization of the economy and the Renewable Energy Revolution (“RER”). However, silicon does not exist in its pure state and must be extracted from quartz (SiO2) in what has historically been a capital and energy-intensive process.
With PyroGenesis Canada Inc. (TSX: PYR) (NASDAQ: PYR), HPQ is developing:
- the PUREVAPTM “Quartz Reduction Reactors” (QRR), an innovative process (patent pending), which will permit the one-step transformation of quartz (SiO2) into high purity silicon (Si) at reduced costs, energy input, and carbon footprint that will propagate its considerable renewable energy potential.
- Through its 100% owned subsidiary, HPQ NANO Silicon Powders Inc., the PUREVAPTM Nano Silicon Reactor (NSiR) is a new proprietary process that can use material produced by the QRR as feedstock, to make a wide range of nano/micro spherical powders of different sizes and nanowires.
- Through its second 100% owned subsidiary, HPQ Silica POLVERE Inc., HPQ is developing a new plasma-based process that will allows a direct Quartz to Fumed silica transformation, removing the usage of hazardous chemical in the making of Fumed silica and eliminating the Hydrogen Chloride Gas (HCI) associated with its manufacturing.
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