- HPQ Silicon Resources (HPQ) has reached a major milestone in its PUREVAP Nano Silicon Reactor (NSiR) development program
- The program’s first phase has reached the commissioning stage, with the Gen1 PUREVAP NSiR ready to produce silicon nanomaterials
- HPQ was able to achieve this on schedule and on budget with help from its technology provider, PyroGenesis Canada (PYR)
- This development may be a game-changer for the company, the battery industry, and the renewable energy revolution
- HPQ Silicon shares is up 5.63 per cent and is currently trading for C$0.75 per share
HPQ Silicon Resources (HPQ) has reached a major milestone in its PUREVAP Nano Silicon Reactor (NSiR) development program.
The company’s subsidiary, HPQ Nano Silicon Powders, announced that the program’s first phase has now reached the commissioning stage. The Gen1 PUREVAP NSiR is now ready to start producing silicon nanomaterials.
Silicon is a key material in the decarbonisation of the economy and the shift to a fully renewable energy sector. Unfortunately, current manufacturing processes for silicon-material batteries are not scalable or commercially viable.
However, the PUREVAP NSiR can produce tailor-made silicon materials within a wide range, potentially solving the industry’s current issues in this area.
HPQ was able to achieve this on schedule and on budget with help from its technology provider, TSX-listed PyroGenesis Canada (PYR).
HPQ Silicon’s President and CEO, Bernard Tourillon, described the development as a major and critical milestone for the company. In addition to benefitting HPQ, this may also be a game-changer for the battery industry and renewable energy revolution.
“Having the capability to produce silicon nanopowders and nanowires will allow HPQ to be at the forefront of Nano Silicon for batteries as we continue working on scaling up the capacities of our next generation of PUREVAP NSiR reactors,” he said.
“This is another demonstration of the depth and flexibility of HPQ’s R&D consortium as we strive to produce products for renewable energy storage participants and electric vehicle manufacturers, who are searching for cost effective ways of increasing the silicon contained in their batteries,” he added.
HPQ Silicon Resources is up 5.63 per cent and is trading for C$0.75 per share, as of 1:05pm EST.