HPQ Silicon Resources Inc. (“HPQ” or the “Company”) (TSX-V: HPQ) (FWB: UGE) (OTCQX :HPQFF), an innovative silicon solutions and technology development company, would like to update shareholders on the ongoing validation of the EBH2 technology announced on September 29, 2021.
The validation team, two (2) Ph.D.’s with more than 30 years practical experience in the field of renewable energy and with first-hand experience developing hydrogen processes, have completed the first round of testing.
The tests confirmed that the EBH2 Green Hydrogen Reactors (EBH2 GHR) uses low voltage1 to power electrolysers that generate a H2 + O2 gas mixture fuels that can be used to power a generator or any kind of fuel system to produce electricity.
HPQ KEEPS OPEN IT EXCLUSIVE OPTION WITH EBH2 SYSTEMS SA
The testing scope was limited by mechanical equipment issues, but it did confirm enough positive aspects about the technology and its potential, including hydrogen generation, that it was deemed to be in the best interest of HPQ to keep its exclusive options with EBH2 open until further validation tests are completed.
The equipment issues did not allow the validation of EBH2 key claim, it’s very high conversion efficiency, but EBH2 is presently working on resolving the equipment issues. The plan, going forward, is to have HPQ’s validation team complete a new testing round of the EBH2 GHR demonstrator, as soon as feasible.
EBH2 ELECTROLYSER TECHNOLOGY VERSUS COMMERCIALLY AVAILABLE ELECTROLYSER TECHNOLOGIES
EBH2 has filed a provisional patent for its proprietary low-cost electrolysis technology that it claims can efficiently extract hydrogen (H2) from water.
To understand the scope of the electrolyser breakthrough as it pertains to system conversion efficiency (Ratio of Energy Produced to the Energy Consumed), one must look at the two (2) commercially available electrolysers technologies (Polymer Electrolyte Membrane (PEM) and Alkaline) deployed. Presently both technologies are capable of sustaining system conversion efficiencies between 50-70% with an assumption that PEM base processes could reach >80 % by 2050, and > 70% by the same time frame for Alkaline.
THERE WON’T BE ENOUGH ELECTROLYSERS TO MEET GREEN HYDROGEN DEMAND IN 20302
In a 45-page report for clients, entitled Plugging into the Hydrogen Ecosystem, US investment bank and financial services firm Jefferies estimates that the worldwide supply of electrolysers by 2030 will reach 47GW, but “could sit somewhere in the 30-40GW range”.
The report also points out that the International Energy Agency expects to see 180GW of demand for electrolysers in use by 2030 and by 2050 a whopping 850GW in demand. Current global installed capacity of electrolysers is currently 200MW, according to Aurora Energy Research.
The conclusions of the report are twofold:
A) that the global supply of electrolysers will not be large enough to meet the demand for green hydrogen by 2030, even in the least bullish scenarios, and
B) Jefferies note recommends that investors buy shares in the electrolyser manufacturers ITM Power and Nel due to “our preference for PEM [polymer electrolyte membrane electrolysers], partnerships and track records”.
HPQ CEO Bernard Tourillon commented: “Corporations and Governments worldwide strongly believe that Hydrogen can play a significant part in decarbonising our economies, and they are willing to invest billions of dollars to help develop green hydrogen production. 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,” Mr. Tourillon, further stated: “We are getting even closer 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, which we believe will complement our green silicon materials initiatives needed to meet the demand of the up and coming renewable energy revolution.”
About EBH2 Systems SA.
EBH2 Systems SA is a Swiss company located in Lausanne area focused on Hydrogen solutions that will be “Powering a Healthier Future”. Together with a researcher that has dedicated his life to develop green Hydrogen technologies, EBH2 is working on a solution to produce Hydrogen from virtually any water source including saltwater. EBH2 claims its process will be scalable with no limits. If successful, they claim it can power a large range of applications.