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HyperSolar Stresses Need for "Greener" Hydrogen Fuel Production Solutions
Differentiating Between Fossil Fuel and Renewable Produced Hydrogen Key During Growth Period
|By Marketwired .
|July 22, 2014 03:15 AM EDT
SANTA BARBARA, CA--(Marketwired - July 22, 2014) - HyperSolar, Inc. (OTCQB: HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, discussed today the importance of understanding how hydrogen fuel is produced and implemented into hydrogen fueling station infrastructure.
Recent product rollout announcements from auto manufacturers including Hyundai and Toyota, partnerships between Plug Power and brands like Walmart and Ace Hardware, and California's recent investment and commitment to building 100 hydrogen fueling stations - have sparked widespread support and analysis of the hydrogen fuel cell industry. However, as HyperSolar is quick to note, there is uncertainty from the public and private sectors as to where the hydrogen is produced that is to fuel these innovative technologies and infrastructure.
The key differentiator in hydrogen fuel production is the source from which it's developed. Currently, most current and planned hydrogen fueling stations dispense hydrogen fuel produced from natural gas, which is known as "brown hydrogen." Like other fossil fuels, natural gas emits carbon into the environment when converted to useable fuel. By comparison, hydrogen fuel produced from renewable resources such as wind or solar, known as "green hydrogen," is developed via a much cleaner process in which the only by-product is water. Despite natural gas being the dominant source of hydrogen, there is a growing opportunity for renewable production technology. In fact, according to a Union of Concerned Scientists article from May 2014, at least 33% of the hydrogen provided at a company's California filling stations must come from renewable sources to meet the standard.
"Recently, countries including the United States, Japan, Denmark, UK, and others continue to push for hydrogen fuel developments, making it crucial for renewable technologies to play a larger role in production, eliminating carbon emissions and providing the market with a cleaner product," said Tim Young, CEO of HyperSolar. "Regulations requiring renewable production provide significant market opportunity for HyperSolar. Our low cost, submersible semiconductor technology does not require any fossil fuel component, making the process truly as 'green' as possible. We are confident that our technology is capable of producing renewable hydrogen fuel at or near the point of distribution, and at a cost reasonable enough to ensure industrial scalability."
HyperSolar's technology is based on the concept of developing a low-cost, submersible hydrogen production particle that can split water molecules using sunlight without any other external systems or resources -- acting as artificial photosynthesis. A video of an early proof-of-concept prototype can be viewed at http://hypersolar.com/application.php. The company announced earlier this year that it had achieved 1.2 open circuit voltage progressing towards its goal of 1.5 open volts.
About HyperSolar, Inc.
HyperSolar is developing a breakthrough, low cost technology to make renewable hydrogen using sunlight and any source of water, including seawater and wastewater. Unlike hydrocarbon fuels, such as oil, coal and natural gas, where carbon dioxide and other contaminants are released into the atmosphere when used, hydrogen fuel usage produces pure water as the only byproduct. By optimizing the science of water electrolysis at the nano-level, our low cost nanoparticles mimic photosynthesis to efficiently use sunlight to separate hydrogen from water, to produce environmentally friendly renewable hydrogen. Using our low cost method to produce renewable hydrogen, we intend to enable a world of distributed hydrogen production for renewable electricity and hydrogen fuel cell vehicles. To learn more about HyperSolar, please visit our website at www.hypersolar.com.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, th e impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
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