Pre-commercial production system to demonstrate the commercial viability of the Company’s breakthrough technology to produce renewable hydrogen using sunlight and water
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 its intention to build a production pilot plant to demonstrate the commercial viability of it first generation system in a real world environment.
The company’s intensive laboratory research and development efforts over the last seven years have resulted in multiple innovations in renewable hydrogen. While its patented nanoparticle 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. A video demonstration of the company’s prototype can be viewed here: http://bit.ly/HyperDEMO
The Company’s management is currently negotiating with various suppliers to manufacture the quantity of hydrogen generation panels required for its production pilot plant. Once a lead contract manufacturer has been selected, the Company’s technology team must transfer its lab processes and techniques to production engineers to complete the commercialization of the hydrogen generation panels.
The company intends to design and manufacture its hydrogen generation panels in such a way that they can be interchanged and that the company’s second-generation nanoparticle technology can be inserted and utilized without changing the plant infrastructure, thereby allowing for extensive testing and improvement in economics and efficiency.
HyperSolar is currently in discussions to retain the services of an engineering firm with industrial gas experience to design and build its production pilot plant. Engineering challenges include handling the capture, pressurization, and storage of the produced renewable hydrogen.
Ideally, the production pilot plant will be located at or near a large fulfillment or distribution center where extensive hydrogen fuel cell forklifts and materials handling equipment is being utilized. The key difference will be that HyperSolar’s renewable hydrogen will be replacing a portion of the hydrogen produced using methane-steam-reforming. Steam-reforming accounts for over 95% of the hydrogen production today and while the emission of the hydrogen is pure water, the manufacturing process still uses a fossil fuel in natural gas and releases tons of carbon emissions into the atmosphere.
“We are very excited about the prospect of moving out of the lab and into a real-world environment where our hard work and the efforts of our development partners (The University of Iowa and University of California, Santa Barbara) can be showcased and demonstrated to potential customers,” stated Tim Young, CEO of HyperSolar.
HyperSolar’s continuing 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 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