HPS Home Power Solutions sells 300th year-round electricity storage system picea

• Further increase in demand for private and commercial year-round electricity storage systems.
• Sales figures for the year-round electricity storage system picea increased significantly.
• Corporate structures geared towards further sustainable growth.

Berlin, 29 September 2022 - HPS Home Power Solutions (HPS), the world's leading provider of green hydrogen-based year-round electricity storage for buildings, has reached another milestone with the sale of its 300th year-round electricity storage system picea. HPS is also experiencing a strong increase in demand for picea systems in 2022. With the expansion of sales structures and partnerships, sales are to be further increased.

"With the year-round electricity storage system picea, we have developed a solution for one of the most urgent problems of our time – a reliable, renewable and independent electricity supply. Anyone who installs picea, in combination with a photovoltaic system, can supply themselves with CO₂-free electricity from their own roof all year round. Our private and commercial customers appreciate the advantage of independence and this is noticeable in the increasing number of orders. The 300th picea sold is an important stepping stone towards significantly higher sales figures," says Zeyad Abul-Ella, CEO and founder of HPS.

By converting surplus electricity from a photovoltaic system into green hydrogen, energy can be stored for the long term. When needed, this energy is used in the form of electricity and heat, so that a high overall degree of utilisation is achieved. picea is optimally designed for single and two-family homes. Several picea can also be connected to form a multi-picea so that the storage capacity can be scaled. This also gives small and medium-sized enterprises the opportunity to supply themselves with up to 100 percent CO₂-free electricity.

HPS has so far concentrated on the German market in sales and cooperates with a network of certified partners with whom a regular exchange takes place. With the digital HPS Academy, which was launched in summer 2022, the structures for the further expansion of the partner network have been established. This is an important element in the growing organisational structures. In addition, HPS will continuously develop the technology behind picea. HPS already holds a large number of patents in various countries to secure its technological lead.

Credits: HPS Home Power Solutions AG

About picea and HPS Home Power Solutions AG
HPS is the world leader in the development and production of integrated energy storage systems based on green hydrogen for buildings. HPS addresses important areas of the energy transition with its highly innovative picea year-round electricity storage system. The surplus energy generated by a photovoltaic system on sunny days is stored as green hydrogen and used in the dark season to supply electricity and heat. Thus, buildings can be provided with solar energy from their own roofs all year round. The Berlin-based company was founded in 2014 by Zeyad Abul-Ella and Dr. Henrik Colell. HPS has won several prestigious awards with picea, most recently the Handelsblatt Energy Award, the Berlin-Brandenburg Innovation Award and the Sustainability Challenge of the German Sustainable Building Council.

For more information, visit: www.homepowersolutions.de.

Inquiries to HPS Home Power Solutions AG
Nils Boenigk (Public Affairs & Public Relations)
Phone: +49 30 235914-704
Email: nbo@homepowersolutions.de