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HPQ launches a new green hydrogen extraction technology venture

MONTREAL — On Aug. 24, HPQ Silicon Resources Inc., a silicon solutions and technology development company, announced the signature of a Memorandum of Understanding (MOU) with EBH2 Systems SA, a Swiss company that possesses a proprietary electrolysis technology that can efficiently extract, from virtually any water source including salt water, a Clean Hydrogen also called Green Hydrogen that can be used to create low-cost electricity with no environmental impact.

EBH2 has filled a provisional patent for its new process to make Green Hydrogen, a process that is scalable and adaptable to numerous applications from various modes of land and sea transport to single home dwellings, district wide power generation and large-scale industrial applications. EBH2 first successfully tested prototype model has a clean energy production capacity starting at 1 Megawatt of power that can be produced over 7 days from 2 litres of water; sufficient energy to power a typical three (3) bedroom suburban house.

EBH2 believes it can scale to power the planned high purity silicon and Nano silicon production by HPQ. If successful, HPQ proposes to bundle the energy production capability of EBH2 systems with its silicon production to further reduce the environmental footprint of its developing high purity silicon, nano powders, and other Renewable Energy products. Under the Agreement HPQ can acquire a perpetual world-wide license to sell or deploy the bundled HPQ Technologies – EBH2 generator-based systems anywhere in the world.

The Agreement establishes the terms of the creation of a new Joint venture Company (NEWCO) owned by HPQ and EBH2 that will market, sell and service EBH2 systems and products in North America (Canada, Mexico, and the United States).

“HPQ has been at the forefront of Silicon innovation development since 2015, yet the fact remains that converting quartz into silicon is a highly energy intensive process. EBH2 Systems SA, with their unique process to extract hydrogen from water to generate cheap green energy present HPQ with one of these games changing synergetic opportunities that we simply could not overlook,” said Bernard Tourillon, President and CEO of HPQ Silicon.