Investitionsbank Berlin funds hydrogen based home storage system picea from Home Power Solutions, HPS.
The Berlin-based company HPS Home Power Solutions (HPS) informs about the funding of up to € 15,300 for the installation of picea, the world’s first year-round electricity storage system based on green hydrogen for homes, by the Investitionsbank Berlin (IBB).
As part of its Energy StoragePLUS programme, IBB supports “the acquisition and installation of grid-supporting, secondary electricity storage systems with simultaneous acquisition and commissioning of a photovoltaic system”.
The application must be made before the start of the installation. Funding is limited to the Berlin area.
Zeyad Abul-Ella, co-founder and CEO of HPS.
We are pleased that IBB is offering start-up financing for the picea year-round electricity storage system developed in Berlin.
“The funding accelerates the energy transition in the city and supports Berlin in achieving its climate goals. At the same time, it helps our young and growing company to establish itself in the market and thus creates further qualified jobs.”
EnergiespeicherPlus promotes the purchase of solar power storage systems with simultaneous purchase and installation of a photovoltaic system and is aimed at private individuals and freelancers as well as companies, social, state or church institutions, cooperatives or housing associations.
The Berlin districts are also eligible to apply. The “Energy StoragePLUS” funding programme can be combined with other state and federal funding agencies KfW 433.
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Investitionsbank Berlin supports hydrogen-based home storage system picea from HPS, Berlin, November 19, 2021
