HPQ receives TSXV approval to go forward with EBH2 green hydrogen extraction technology project

HPQ receives TSXV approval to go forward with EBH2 green hydrogen extraction technology project
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MONTREAL – Resources HPQ Silicium ( TSX-V: HPQ ), ( OTCQX: HPQFF ) ( FWB: UGE ), provider of innovative silicon-based solutions has announced that the TSX Venture Exchange has given its approval to HPQ’s transaction with EBH 2 Systems SA, announced on August 24, 2021 and following this approval, HPQ has closed the memorandum of understanding with EBH 2 Systems SA on August 24, 2021. HPQ and EBH 2 can now focus on the next stage of validation of EBH 2 technology by an independent third party, which is expected to take place within the next 60 days. A first step has already been taken with the signing of a perpetual worldwide license granted by EBH 2 to HPQ to sell products where the EBH 2 green hydrogen reactors (EBH 2 GHR) are incorporated with HPQ technologies.

EBH 2 is a Swiss company with proprietary low-cost electrolysis technology which can extremely efficiently extract from virtually any source of water. water, including salt water, green hydrogen. EBH 2 green hydrogen reactors are scalable, adaptable and can produce, on demand, the quantities of green hydrogen necessary to supply numerous applications, from the various modes of land and sea transport to individual homes, including the production of district-wide electricity and large-scale industrial applications. EBH 2 has filed a provisional patent for this new on-demand process that produces green hydrogen for US $ 1 per kilogram.

While the large-scale deployment of green hydrogen could cover up to 24% of global energy needs d ” by 2050, by reducing greenhouse gas emissions by about a third and generating direct annual revenues of $ 2.5 trillion, the processes currently available to produce green hydrogen from renewables cost around US $ 5 per kilogram, which puts green hydrogen at a cost disadvantage compared to hydrogen produced from fossil fuels (gray and blue hydrogen), which costs $ 1 US $ per kilogram.

After many years of development, EBH 2 now has a model of the EBH 2 GHR ready for commercial deployment, a system that can continuously produce green hydrogen fuel needed to power a 1 megawatt per week generator, sufficient power generation capacity to power a typical three bedroom suburban home. The potential cost and benefits of reducing greenhouse gas emissions from EBH 2 GHR systems are so great that the units could easily replace solar panels or back-up generators for homeowners.

“ HPQ has been at the forefront of green silicon development since 2015, and as we move closer to having several operational pilot plants, finding ways to reduce our energy costs, while improving our environmental footprint, is becoming increasingly important. ‘of paramount importance. EBH 2 Systems SA, with its proprietary low-cost electrolysis technology which can extremely efficiently extract from virtually any water source, including salt water, green hydrogen, represents the one of these synergistic opportunities that change the situation and HPQ can not simply ignore  ” , said Bernard Tourillon, President and CEO of Silicon HPQ. “ We are getting closer to validating the EBH 2 technology and HPQ will be incredibly well positioned to manufacture green silicon materials, while also opening up massive new markets for a system capable of producing green hydrogen at low cost, on demand.  “.

We seek Safe Harbor.

 

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