HPS Home Power Solutions joins the European Clean Hydrogen Alliance

DGAP-News: HPS Home Power Solutions GmbH / Keyword (s): Miscellaneous
17.05.2021 / 10:00
The issuer is solely responsible for the content of this advertisement.

HPS Home Power Solutions joins the European Clean Hydrogen Alliance

Berlin, May 17, 2021: Berlin-based HPS Home Power Solutions, supplier of picea, the world’s first home hydrogen solar power plant for completely independent use of carbon-free electricity, today announced its membership in the European Clean Hydrogen Alliance. The Alliance was created by the European Commission and is the main European initiative for a sustainable hydrogen economy. It currently has more than 1,000 members, from companies, associations, local communities, NGOs and research and financial institutions. The Alliance is expected to play a crucial role in the implementation of the measures and the investment program of the new European hydrogen strategy. It is estimated that around 430 billion euros will be invested in green hydrogen by 2030.[1]

Zeyad Abul-Ella, Co-Founder and Managing Director of HPS Home Power Solutions, commented: “Green hydrogen will make a significant contribution to the transformation of Europe’s energy supply and therefore to the desired decarbonisation of many daily processes on our continent. We are delighted to be part of this group of well-known companies looking to contribute. We also view our membership in the Alliance as recognition of our technological innovation in the development of the picea system. Our membership will advance our networking capacity in the industry and provide us with technologically and commercially valuable contacts. “

The European Hydrogen Alliance is the most important and the most important part of the European hydrogen strategy. Its objective is to develop electrolysis capacities of up to 6,000 MW in Europe by 2024 and at least 40,000 MW by 2030. The objective of the European Commission is to achieve carbon neutrality in Europe by 2050.

About Picea

picea is the world’s first hydrogen-based electricity storage system for one and two-family homes. Surplus energy made on sunny days from a photovoltaic system is stored as green hydrogen to make electricity and heat available during the dark season. picea provides full carbon-free power supply all year round and also lowers heating costs. A picea system avoids approx. 3 tons of CO2 per year, binding as much CO2 like 130 mature spruce trees. The Picea system has won several prestigious awards, including the Handelsblatt Energy Award 2021.

About HPS Home Power Solutions

HPS develops and produces integrated systems for the storage and use of solar energy for one and two-family homes. The Berlin-based company was founded in 2014 by Zeyad Abul-Ella and Dr Henrik Colell and stands for reliability, independence and sustainability in decentralized energy supply. picea, the first system developed by HPS in the world, combines electricity storage, heating assistance and residential ventilation in one compact product. For more information, please visit: http://www.homepowersolutions.de/en

Contact HPS Home Power Solutions GmbH:

Melanie Glitz (Marketing Manager)
Phone: +49 30235914701
Email: [email protected]

Media contact:

MC Services AG
Julia hofmann
Phone: +49 89210288 0
Email: [email protected]

[1] European Alliance for Clean Hydrogen | Internal market, industry, entrepreneurship and SMEs

05.17.2021 Distribution of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this advertisement.

DGAP’s distribution services include regulatory announcements, financial / corporate news, and press releases.
Archive on www.dgap.de

Source link

About Chris McCarter

Check Also

Apple (AAPL) Music announces spatial audio with Dolby Atmos

Enter Wall Street with StreetInsider Premium. Claim your 1-week free trial here. Apple® today announced …

Leave a Reply

Your email address will not be published. Required fields are marked *