HyperSolar, Inc. (OTCQB: HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, announced today that it has purchased 6000 triple-junction amorphous silicon solar cells. The purchase represents the acquisition of the solar cells called for by the plans for the initial pilot plant.
These cells will be used specifically for a plant incorporating the Company’s Gen 1 technology. Late in 2018, HyperSolar announced its intention to build the plant, and that has been the focus of intensive effort in the laboratory, and with manufacturers, and engineering firms for component fabrication and plant construction.
“The identification and acquisition of the required solar cells represent a significant step toward the completion of our patented hydrogen generator, the driving core of the Gen 1 pilot plant,” said Tim Young, CEO of HyperSolar. “Critical and thorough research was required to identify the right set of cells for our unique application.”
For the manufacture of the hydrogen generator, the purchased solar cells must now be customized using protective coatings and catalysts as well as mechanical alterations. However, management believes that once the new solar cells have been modified, the completion of the pilot plant could be relatively straight forward—as much of the work will proceed along well-proven methodology.
The plant will be a true plug and play plant, in that any hydrogen generating technology, be it Gen 1 or the Company’s patented nanotechnology, Gen 2, can be used within the plant’s supporting infrastructure. The same will be true of other plants to be constructed going forward.
Mr. Young concluded, “The acquisition of this key component represents our commitment to completing the construction of our initial pilot plants. For our team, it also signals the coming reward for long years of dedicated effort to bring forth a truly game-changing technology.”