Recent Voltage and Catalyst Achievements Bring the Company Closer to a Level of Commercialization Needed to Meet Existing and Future Market Demand
SANTA BARBARA, CA--HyperSolar, Inc. (HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and any source of water, today commented on the technology milestones achieved by the Company over the past twelve months. Recent voltage and catalyst breakthroughs position the Company to capitalize on the growth experienced by the hydrogen fuel industry that is likely to continue to expand due to the recently signed treaty at the 21st Conference of Parties (COP21) in Paris.
Over the past year, HyperSolar has made significant progress in identifying novel and inexpensive ways to fabricate water-splitting solar cells utilizing high voltage that has increased beyond the announced 1.55 Volt milestone needed to produce hydrogen in commercially viable real world applications. While the 1.55V achievement established the potential of the technology to meet commercial applications, the Company next sought to address the cost of large-scale solar hydrogen production. To do so, the team at the University of Iowa led by Dr. Syed Mubeen Hussaini, identified a sulfide-based catalyst comprised of an earth abundant, non-toxic cheap material that outperforms previously used catalyst material, such as platinum. The Company believes these breakthroughs differentiate it from others pursuing low-cost solar hydrogen production. The Company believes its completely renewable process makes it attractive for industrial use such as by big box retailers, and consumer-oriented applications including hydrogen fuel cell vehicle technology.
The recently signed treaty in Paris is designed to bring the world "well below" 2 degrees Celsius above pre-industrial temperature levels by reducing carbon emissions. To do so, it is widely acknowledged that the world will need to rely upon additional renewable energy providers such as solar and wind technologies. With coal, oil, and gas powering 95% of the world's transportation, alternative energy technologies such as hydrogen and electric vehicle (EV) are expected to reduce carbon emissions produced by transportation needs.
The financial sector has unified towards a cleaner future as well, highlighted by nearly 400 institutional investors representing $24 trillion in assets calling for a clear, long-term climate deal that would give them a signal to deploy more capital. Additionally, Bill Gates and a group of high net-worth philanthropists plan to spend billions of dollars on early-stage clean energy companies.
HyperSolar's approach to developing hydrogen fuel via a completely renewable process represents a solution that would meet the demand created by these initiatives and others that have supported the adoption of hydrogen fuel. Recently, HyperSolar's CEO Tim Young penned an article for The Huffington Post entitled "Why America Must Build the Car That Overtakes a Tesla," highlighting the role of hydrogen fuel to reduce carbon emissions produced by the transportation industry. The article also positions hydrogen as an effective means for storage of excess renewable-produced energy, such as wind and solar.
"2015 has been pivotal in terms of the global adoption and technology advancements within the hydrogen fuel sector - a trend we expect to continue into 2016," said Tim Young, CEO of HyperSolar. "The Paris treaty is yet another reflection of the global mindset that something needs to be done to reduce our carbon footprint and leave the world a cleaner place for future generations. HyperSolar believes that the global commitment and investment to more sustainable solutions will result in advancements within the hydrogen fuel sector for both industrial applications as well as the transportation industry. We believe the progress achieved by HyperSolar in surpassing critical milestones will position the Company for commercialization, further establishing our technology as one of the few producing truly renewable hydrogen at or near the point of distribution."
HyperSolar's research is centered on developing a low-cost and submersible hydrogen production particle that can split water molecules under the sun, emulating the core functions of photosynthesis. Each particle is a complete hydrogen generator that contains a novel high voltage solar cell bonded to chemical catalysts by a proprietary encapsulation coating. A video of an early proof-of-concept prototype can be viewed at http://hypersolar.com/application.php.
About HyperSolar, Inc.
HyperSolar is developing a breakthrough, low cost technology to make renewable hydrogen using sunlight and any source of water, including seawater and wastewater. Unlike hydrocarbon fuels, such as oil, coal and natural gas, where carbon dioxide and other contaminants are released into the atmosphere when used, hydrogen fuel usage produces pure water as the only byproduct. By optimizing the science of water electrolysis at the nano-level, our low cost nanoparticles mimic photosynthesis to efficiently use sunlight to separate hydrogen from water, to produce environmentally friendly renewable hydrogen. Using our low cost method to produce renewable hydrogen, we intend to enable a world of distributed hydrogen production for renewable electricity and hydrogen fuel cell vehicles. To learn more about HyperSolar, please visit our website atwww.hypersolar.com.