- HPQ Silicon Resources (HPQ) continues to work with EBH2 Systems SA to develop a low-cost electrolysis technology that can extract “green hydrogen” from virtually any water source
- Validation testing was run by two PhDs with over 30 years of experience in the field of renewable energy
- The first round of testing is now complete and HPQ plans to begin another round of validation testing shortly
- HPQ Silicon is a Quebec-based innovative silicon solutions company
- Shares in HPQ Silicon (TSXV:HPQ) are up 1.89 per cent, trading at $0.54 per share
HPQ Silicon Resources (HPQ) continues to validate the EBH2 technology that was initially announced on September 29.
The company is working with EBH2 Systems SA, a Swiss company, to develop a low-cost electrolysis technology that can extract “green hydrogen” from virtually any water source, including saltwater.
Validation testing was run by two PhDs with over 30 years of experience in the field of renewable energy and with first-hand experience developing hydrogen processes.
The first round of testing is now complete, confirming that the EBH2 Green Hydrogen Reactors can be used to power a generator or any kind of fuel system to produce electricity.
Mechanical equipment issues limited the scope of the testing, but researchers were able to confirm that the technology has potential for hydrogen generation. Thus, HPQ has decided to keep its exclusive options with EBH2 open until it completes further validation tests.
According to a report by US investment bank and financial services firm Jefferies, the International Energy Agency expects to see 180GW of demand for electrolyzers in use by 2030 and by 2050 a whopping 850GW in demand.
With only 200MW of capacity from the global supply of electrolysers, it is clear that the current supply will not be able to meet the demand for green hydrogen by 2030.
Bernard Tourillon, CEO of HPQ Silicon, commented,
“EBH2 Systems SA, with their proprietary low-cost electrolyser technology, present HPQ with one of these game changing synergetic opportunities that we simply could not overlook.”
“We are getting even closer,” added Mr. Tourillon, “to the point where EBH2 technology will be validated and when that occurs HPQ will be very well positioned to enter the hydrogen market with a system that can efficiently produce green hydrogen, on demand.”
HPQ Silicon is a Quebec-based innovative silicon solutions company that is developing a unique portfolio of high value-added silicon products sought after by battery and electric vehicle manufacturers.
Shares in HPQ Silicon Resources Inc. (HPQ) are up 1.89 per cent, trading at $0.54 per share as of 3:57 pm EST.