HyperSolar Develops New Catalyst Material to Replace Platinum and Drive Down Green Hydrogen Production Cost
HyperSolar Develops New Catalyst Material to Replace Platinum and Drive Down “Green” Hydrogen Production Cost
Sulfide-based catalyst comprised of earth abundant, low cost materials represents a significant step in making renewable hydrogen technology commercially viable
SANTA BARBARA, CA – December 1, 2015 - 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 has developed a new, inexpensive catalyst material that the Company believes will significantly reduce the cost of producing hydrogen fuel using its completely renewable water-splitting process.
Over the past three months, the team at the University of Iowa led by Dr. Syed Mubeen Hussaini has engineered a sulfide-based photocatalyst using only earth abundant, non-toxic and inexpensive materials. Initial experimental data suggest this new photocatalyst can outperform platinum, the primary and very expensive catalyst material used in water splitting reactions. The Company believes these findings represent a significant achievement, as it moves closer to reaching its goal of producing low cost renewable hydrogen.
“Although we are still testing, we believe the stability of this new catalyst will allow for long term operation and integration within our high photovoltage solar cells,” said Tim Young, CEO of HyperSolar. “This development has the potential to significantly drive down overall system costs, which is a critical factor in achieving market adoption upon commercialization of our technology.”
Mr. Young continued, “HyperSolar’s renewable hydrogen technology continues to advance at a time when the market opportunity for hydrogen fuel is expanding rapidly across a number of industries worldwide. In addition to the well-chronicled advances by auto manufacturers, countries such Japan and Germany, as well as the state of Hawaii, continue to pursue infrastructure that will support a hydrogen economy.”
“With the industry gaining momentum, we believe the Company is well-positioned to fill the market for renewable hydrogen, as opposed to hydrogen produced from natural gas, at or near the point of distribution for a variety of applications,” Mr. Young concluded.
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.
Date: Tuesday, December 01, 2015