Hyundai, Honda, Toyota and other major auto manufacturers announce plans to introduce hydrogen fuel cell cars next yea
SANTA BARBARA, Calif., Nov 25, 2013 (BUSINESS WIRE) --
HyperSolar, Inc.
HYSR
-7.69%
, the developer of a breakthrough technology
to produce renewable hydrogen using sunlight and any source of water,
today announced that it is evaluating commercial methods for onsite
hydrogen production at distribution points or fueling stations to meet
the demand created by the launch of fuel cell cars next year.
"We are strongly encouraged by the recent announcements of Hyundai,
Honda, Toyota and other major auto manufacturers to begin shipping
hydrogen fuel cell cars next year," stated Tim Young, CEO of HyperSolar.
"We believe our technology can address two serious drawbacks impeding
major adoption of hydrogen automobiles: First, the lack of hydrogen
production infrastructure near the point of distribution or the fueling
stations is addressed by our solar hydrogen production process. Second,
hydrogen is currently produced from a fossil fuel--natural gas--in a
process that releases substantial amounts of carbon dioxide into the
atmosphere.
"Our cutting-edge research program at the University of California,
Santa Barbara, led by Dr. Syed Mubeen Hussaini, continues to make
impressive progress," continued Young. "The recently announced 1.0 volt
milestone is very exciting in that it provides us with a clear and
encouraging roadmap to reach the 1.5 volts needed for water splitting.
We believe that producing renewable hydrogen anywhere there is water and
sunlight is the key to realizing cost-effective hydrogen production for
use in fuel cell vehicles. Using our technology, hydrogen fueling
stations could be built next to self-contained solar hydrogen production
plants."
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.
HyperSolar recently extended its sponsored research agreement with UCSB
to further the development.
More about hydrogen cars and hydrogen production challenges can be
viewed in the following CBS news story:
http://www.cbs.com/shows/cbs_this_morning/video/Exk_Lg_Ube0jvnHeM9bZ3TwsZehZfda1/hydrogen-cars-take-center-stage-at-l-a-auto-show/
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 http://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.
SOURCE: HyperSolar, Inc.
0 comments:
Post a Comment