- HPQ Silicon Resources (HPQ) has received approval from the TSX Venture Exchange to proceed with a new green hydrogen technology
- The company is working with EBH2 Systems, who developed the technology
- Now, with TSXV approval, HPQ and EBH2 can focus on the next milestone: third-party validation of the EBH2 technology
- HPQ Silicon Resources is a Quebec-based silicon solutions company that offers innovative silica and silicon-based solutions for battery and electric vehicle manufacturers
- HPQ Silicon stock (TSXV:HPQ) is up 4.55 per cent, trading at $0.69 per share
HPQ Silicon Resources (HPQ) has received approval from the TSX Venture Exchange to proceed with a new green hydrogen technology.
EBH2 Systems SA, a Swiss company, has developed a low-cost electrolysis technology that can extract “green hydrogen” from virtually any water source, including saltwater.
EBH2 Green Hydrogen Reactors (EBH2 GHR) are scalable, adaptable, and can produce the quantities of Green Hydrogen fuel necessary to power everything from transportation, homes, power plants, and industrial facilities.
Green hydrogen could provide up to 24 per cent of the world’s energy needs by 2050, according to HPQ, cutting greenhouse gas emissions by a third and generating annual revenues of US$2.5 trillion.
After many years of development, EBH2 now has an EBH2 GHR model ready for commercial deployment.
EBH2 has granted HPQ silicon a perpetual worldwide license whereby EBH2 Green Hydrogen Reactors are incorporated into any HPQ technologies.
Now, with TSXV approval, HPQ and EBH2 can focus on the next milestone: third-party validation of the EBH2 technology.
Bernard Tourillon, President and CEO of HPQ Silicon, commented on the partnership.
“We are getting closer to the point where EBH2 technology will be validated,” he said, “and HPQ will be incredibly well positioned to make green silicon materials all the while opening up new and massive addressable markets for a system that can produce cheaply green hydrogen, on demand.”
Once the technology has been validated by a third party, HPQ will complete its payment and the two companies will create a new joint venture company. The new company will market, sell, and service EBH2 systems and products in North America.
HPQ Silicon Resources is a Quebec-based silicon solutions company that offers innovative silica and silicon-based solutions for battery and electric vehicle manufacturers.
HPQ Silicon Resources Inc. (HPQ) is up 4.55 per cent, trading at $0.69 per share as of 2:07 pm ET.
