HPQ Silicon Resources launches revolutionary and breakthrough green hydrogen extraction technology venture.
HPQ Silicon Resources Inc. an innovative silicon solutions and technology development company, announce the signature of a Memorandum of Understanding (“Agreement”) with EBH2 Systems SA, (“EBH2”) a Swiss company that possesses a proprietary electrolysis technology that can efficiently extract, from virtually any water source including salt water, a Clean Hydrogen also called Green Hydrogen that can be used to create low-cost electricity with no environmental impact.
EBH2 SYSTEMS SA DEVELOP A GREEN AND SCALABLE PROCESS TO PRODUCE CLEAN HYDROGEN
EBH2 has filed a provisional patent for its new and novel process to make Green Hydrogen, a process that is scalable and adaptable to numerous applications from various modes of land and sea transport to single home dwellings, district-wide power generation and large-scale industrial applications.
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EBH2 first successfully tested prototype model has a clean energy production capacity starting at 1 Megawatt of power that can be produced over 7 days from 2 litres of water; sufficient energy to power a typical three (3) bedroom suburban house. (LINK TO VIDEO)
WORKING TOGETHER TO DEVELOP AN INDUSTRIAL SCALE EBH2 SYSTEM TO PRODUCE GREEN SILICON
EBH2 believes it can scale to power the planned high purity silicon and Nano silicon production by HPQ. If successful, HPQ proposes to bundle the energy production capability of EBH2 systems with its silicon production to further reduce the environmental footprint of its developing high purity silicon, nano powders, and other Renewable Energy products.
Under the Agreement, HPQ can acquire a perpetual worldwide license to sell or deploy the bundled HPQ Technologies – EBH2 generator-based systems anywhere in the world.
COMBINING FORCES TO ESTABLISH A NORTH AMERICAN EBH2 GENERATOR SALES CAPABILITY
The Agreement establishes the terms of the creation of a new Joint venture Company (“NEWCO”) owned by HPQ and EBH2 that will market, sell and service EBH2 systems and products in North America (Canada, Mexico, and the United States).
The potential cost and GHG reduction benefits of the EBH2 first commercial size model are huge plus the units could readily replace solar panels or standby generators for homeowners. The global standby generator market is anticipated to grow by 4.9% CAGR between 2021 and 2025, attaining US$ 1.3 billion by 2025. North America has the largest market share at 33.87% in 2019, a market expected to grow with a CAGR of 3.7% to 20251.
US DOE PUSHING FOR A REDUCTION IN CLEAN HYDROGEN PRODUCTION COST TO US$1 PER KILOGRAM
To encourage new and creative solutions to bolster clean energy production, the U.S. Department of Energy has just launched what is described as an ambitious Hydrogen Earthshot Program aimed at reducing the cost of clean hydrogen by 80% to $1 per 1 kilogram in 1 decade (by 2030).
EBH2 SYSTEMS PRODUCE CLEAN HYDROGEN FOR LESS THAN US$ 1 PER KILOGRAM
Currently, production of Clean Hydrogen from renewable energies (Green Hydrogen), cost about US$5 per kilogram, giving Clean Hydrogen a cost disadvantage compared to hydrogen produced using fossil fuels (Grey and Blue Hydrogen) which have a US$1 per kilogram cost2.
EBH2 is confident it’s cost per kilogram to produce its Clean Hydrogen is less than US$1, indicating that the EBH2 module already surpasses the Hydrogen Earthshot program goals and is cost-competitive compared to fossil fuels base hydrogen.
Bernard Tourillon, President and CEO of HPQ Silicon.
HPQ has been at the forefront of Silicon innovation development since 2015, yet the fact remains that converting quartz into silicon is a highly energy-intensive process.
“EBH2 Systems SA, with their unique process to extract hydrogen from water to generate cheap green energy present HPQ with one of these games changing synergetic opportunities that we simply could not overlook.”
“When EBH2 demonstrates that the system can do what they say it will, HPQ will be incredibly well-positioned to reduce the cost and environmental footprint of making its silicon materials all the while opening up new, and massive addressable markets for a system that can produce cheaply green hydrogen, on-demand.”
ABOUT GREEN HYDROGEN
According to Haim Israel, head of Thematic Investing Strategy at BofA Global Research and lead author of its 103-page primer on hydrogen, this time the excitement is justified.
Haim Israel
We think we’re reaching an inflection point where green hydrogen could supply our energy needs, fuel our cars, heat our homes and be used in industries that have no economically viable alternative to fossil fuels.
“Together with renewable electricity, green hydrogen gives us a shot at attaining a zero-carbon-emission global economy by 2050.”3
Green hydrogen could provide up to 24% of our energy needs by 2050, helping to cut emissions by around a third. In doing so, the transition to green hydrogen could provide $11 trillion of infrastructure investment opportunities over the next 30 years and direct annual revenues of $2.5 trillion4.
According to the latest Hydrogen Insights Updates from the Hydrogen Council in collaboration with McKinsey & Company5. the deployment of hydrogen projects has seen significant momentum as the technology is being considered a major factor in the clean energy transition.
In that regard, and as of February 2021, over 131 large-scale Hydrogen projects have been announced, bringing the current project pipeline to 359 with investment along the value chain coming to an estimated $500 billion through 2030.
To date, ninety countries, comprising 80% of the world’s GDP, now have commitments to meet net-zero emissions in the coming decades, and more than 30 countries have hydrogen-growth strategies.
Favourable government commitments to fostering hydrogen innovation combined with concerns over greenhouse gas emissions are expected to continue to drive the demand for hydrogen, specifically green hydrogen, forward.
HPQ Launches Revolutionary And Breakthrough Green Hydrogen Extraction Technology Venture, MONTREAL, Canada, August 24, 2021
