Santa Barbara, CA (GLOBE NEWSWIRE) - HyperSolar, Inc. (OTC:HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, today announced details of its plan to build a production pilot plant to demonstrate the commercial viability of it first generation system in a real world environment.
In November of 2018, HyperSolar announced its intention to build a demonstration pilot plant, and that has been the focus of intensive effort in the laboratory as well as working with contract manufacturers and engineering firms for assembly and plant construction. While its patented nanoparticle (Gen 2) technology is still in development, the Company’s management believes it can utilize its proprietary stability coatings and catalysts with readily available commercial solar cells encapsulated in panels with water (“hydrogen generation panels”) to demonstrate a completely renewable hydrogen generation system at production pilot plant scale. The pilot plant itself will be a full plug and play facility featuring the Gen 1 technology. As the company’s more advanced and efficient GEN 2 units come available, GEN 1 technology can easily be replaced without changing the plant infrastructure.
The Company has outlined the process to plant completion as follows:
PILOT PLANT CONSTRUCTION
The Company’s management is in discussions with contract manufacturers, engineering firms and industry partners that will provide critical input and service in the drive to completion of the pilot plant.
Ideally, the production pilot plant will be located at or near a distribution center where hydrogen fuel cell forklifts and materials handling equipment is being utilized. HyperSolar’s renewable hydrogen produced on site will replace a portion of the hydrogen produced using steam methane reforming that is current transported to the site. Steam reforming accounts for over 95% of the hydrogen production today and while the byproduct of the hydrogen is pure water, the manufacturing process still uses a fossil fuel, such as natural gas, and releases tons of carbon dioxide emissions into the atmosphere. HyperSolar’s process will be truly clean, using no hydrocarbons—only water and the power of the sun.
“We are very confident in moving forward resolutely in the completion of the pilot plant. Its construction and operation will lead us to commercialization of this truly green technology—which we believe will eventually provide economically-viable, clean hydrogen, through a truly clean process, less expensively than ever before,” stated Tim Young, CEO of HyperSolar. “This plant will not only lead to the initialization of our Gen I offering, but will help hasten the development of our truly game changing advanced Gen II technology.”
HyperSolar’s forward-looking, advanced Gen II research is focused on developing a completely renewable, low-cost and submersible hydrogen production particle that can split water molecules using the power of 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 detailing the rise of hydrogen fuel technology, as well as HyperSolar’s completely renewable process of hydrogen fuel production can be viewed by visiting here.
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 at www.hypersolar.com.
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: our ability to successfully negotiate agreements with suppliers and manufacturers of its hydrogen generation panels, our ability to procure project financing, our ability to retain the service of a qualified engineering firm to design and build a pilot plant, our ability to secure an agreement to with a partner with us for the pilot plant, 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.
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SOURCE: HyperSolar, Inc