HyperSolar Reports Breakthrough to Drive Down Cost of Hydrogen Production Process
New Catalyst Increases Photocurrents and Voltage, While Improving Hydrogen Production Efficiency and Reducing Overall Cost
HyperSolar, Inc. (OTCQB: HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and any source of water, today announced that it recently developed an inexpensive photocatalyst that will improve overall performance. Test results indicate that this low cost catalyst will reduce overall voltage requirements, significantly increase photocurrents, improve hydrogen production efficiency, and further reduce the cost of the Company's hydrogen production process.
Having recently surpassed the 1.5 Volt threshold needed to produce hydrogen in commercially viable real world applications, the Company has turned its attention to increasing photocurrent and production efficiency that it believes will drive down overall system costs. In December 2015, the University of Iowa led by Dr. Syed Mubeen Hussaini identified a sulfide-based photocatalyst comprised of an earth abundant, non-toxic cheap material that it believed would rival platinum, a well-known catalyst material. The preliminary data following a series of laboratory tests indicates success in meeting these objectives.
The ramifications of this breakthrough are significant, particularly the solar-to-hydrogen conversion efficiency. Historically, the key commercial barrier to renewable-produced (solar and wind) hydrogen fuel has been the expense of various system components. HyperSolar believes the initial successes of utilizing this earth abundant photocatalyst clearly demonstrates its potential to compete with platinum, therefore significant reducing overall system cost.
"We are pleased to make another technology announcement that we believe separates HyperSolar technology from other renewable hydrogen production concepts on the market," said Tim Young, CEO of HyperSolar. "The challenge facing widespread hydrogen fuel adoption has always surrounded both cost and scalability. While we have achieved high voltage, and now high current, we must improve the long-term stability of bonding the photocatalyst to our novel high voltage solar cell. We are confident this progress has us positioned to do so in a manner that will have large scale ramifications as we continue to advance the technology."
HyperSolar's research is centered on developing a low-cost and submersible hydrogen production particle that can split water molecules under the sun, emulating the core functions of photosynthesis. Each particle is a complete hydrogen generator that contains a novel high voltage solar cell bonded to chemical catalysts by a proprietary encapsulation coating. A video of an early proof-of-concept prototype can be viewed at http://hypersolar.com/application.php.
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, the 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.