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HPS Home Power Solutions Announces Details on GLS Crowdfunding

By October 23, 2020 5   min read  (811 words)

October 23, 2020 |

hps main unit

Berlin–HPS Home Power Solutions GmbH (HPS), the Berlin provider of energy solutions for single-family homes that fulfill the desire for independent and CO 2 -free energy, today announced the Details on the upcoming crowdfunding announced on the GLS Crowd platform.

The subscription period for the HPS crowdfunding via the GLS Crowd platform begins on November 3rd. at 10:30 a.m. HPS plans to raise € 4 million through the funding. It will be possible for private individuals to make amounts between € 250 and € 25,000 available to the company via a subordinated loan. The subordinated loan bears 7% interest with a term of 5 years, with repayment starting after 2 years.

HPS Home System

Crowdfunding is a further component in the financing strategy of HPS, after it has already implemented a € 11 million financing in the form of a convertible loan from existing investors. The crowdfunding will start on November 3rd. start on the platform initiated by GLS Bank. You can find the GLS Crowd website here .

“As GLS Bank, we have been promoting the energy transition since our foundation,” said Dirk Kannacher, CEO of GLS Bank. “With the help of the crowd investing platform we initiated, interested parties can directly finance the implementation of future-oriented ideas and benefit from their success. This also includes our partner HPS with their solutions for decentralized energy supply.”

“We are looking forward to working with the GLS team, having successfully concluded crowdfunding of € 1.25 million in April last year. We were very impressed by the professional and efficient implementation by the GLS crowd and by the overwhelming response from crowd investors “, commented Zeyad Abul-Ella, Managing Director of HPS. “With the new crowdfunding, we would like to give more private individuals the opportunity to become part of the energy transition. Every single picea makes a significant contribution to facing climate change with 3 tons of CO 2saves annually. With every supporter from the crowd, we get closer to our common goal of making a significant contribution to sustainable energy supply. “

Note in accordance with Section 12 (2) of the Asset Management Act:
The acquisition of this asset is associated with considerable risks and can lead to the complete loss of the assets invested.

About HPS Home Power Solutions GmbH (HPS):

HPS develops and produces integrated systems for storing and using solar energy for single and two-family houses. HPS stands for security, independence and sustainability in the decentralized power supply. The first HPS system picea is energy storage, heating support and living space ventilation in one compact product. On the basis of its own high-performance energy management, picea completely covers the electrical energy requirements of a single-family home. In addition, the waste heat generated is made available to the house as heating, thus reducing heating costs. Compared to standard batteries, picea offers a hundred times more storage capacity with twice as much power. picea is energy efficient and provides energy in every season. This makes picea the first real option for complete network independence. The energy produced on sunny days with a photovoltaic system can either be used immediately or it is converted into hydrogen and stored. This energy can then be called up again in the low-sun winter time. The picea fuel cell converts the energy stored in hydrogen back into electrical energy and heat when required. HPS is based in Berlin. For more information please visit: The picea fuel cell converts the energy stored in hydrogen back into electrical energy and heat when required. HPS is based in Berlin. For more information please visit: The picea fuel cell converts the energy stored in hydrogen back into electrical energy and heat when required. HPS is based in Berlin. For more information please visit:www.homepowersolutions.de

About GLS Crowdfunding GmbH (operator of the GLS Crowd platform):

The GLS Crowd platform was initiated by GLS Bank in 2017. Today it is one of the most important platforms for sustainable crowd investments in Germany. It is operated on the basis of a cooperation agreement by GLS Crowdfunding GmbH, which is legally independent from GLS Bank. The GLS Crowd connects people who want to realize sustainable projects with their money, with entrepreneurs and their future-oriented ideas. Investors can use the GLS Crowd to invest amounts between EUR 250 and EUR 25,000 in a variety of projects and growth companies. These are selected according to the criteria of the GLS Bank’s investment and financing principles.

About the GLS Bank:
At the GLS Bank, money is there for the people. It only finances socio-ecological companies and makes its business fully transparent. The bank offers all the services of a modern bank: current accounts, sustainable funds, provision and much more. GLS Bank is based in Bochum and has offices in Berlin, Hamburg, Frankfurt, Freiburg, Munich and Stuttgart.

Contact HPS Home Power Solutions GmbH:
Zeyad Abul-Ella, Managing Director
Tel .: +49 30 235914 100
E-Mail: [email protected]

Contact for media inquiries:
MC Services AG
Julia Hofmann / Andreas Riedel
Tel .: +49 89 210 228-0
Email: [email protected]

 

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