Press release

HPS Home Power Solutions GmbH raises EUR 1.25 million through GLS Crowd within one day

- HPS raises EUR 1.25 million through GLS-Crowdfunding

- Interested private investors have the opportunity to participate in the ongoing equity based WIWIN financing campaign

- Funds will be invested in expanding sales and production capacities of Picea^(R)

Berlin, May 15, 2019 - HPS Home Power Solutions GmbH (HPS), the Berlin-based energy solutions provider for single-family homes which fulfils the need of energy independence, today announced that the crowdfunding campaign conducted with the GLS Crowd has reached the EUR 1.25 million target in just one day. All proceeds will be immediately available to the company and will be used to expand the sales and Picea^(R) production capacities at the Berlin-Adlershof location.

Private investors who would like to support HPS and are interested in an equity-based investment opportunity continue to have the opportunity to participate in our company through our ongoing WIWIN funding campaign. Details can be found below: www.wiwin.de/produkt/home-power-solutions

"The GLS Crowd has proven to be a strong partner for our crowdfunding. The great professionalism and swift closing, has greatly impressed us. We are very excited about this broad support from investors," commented Zeyad Abul-Ella, Managing Director of HPS Home Power Solutions GmbH. "This crowdfunding offers individuals the opportunity to participate in the success of HPS. The fact that so many private investors want to support our continuing journey is great recognition and will help us to realize the CO2-free, private home energy supply with Picea^(R) for the first time. Picea^(R) will become an important component of the energy transition."

About Picea^(R)
Picea^(R) is an all-in-one energy storage system, which combines energy storage, heating support and indoor ventilation in one compact system. Based on its high-performance energy management system, Picea^(R) is able to meet the complete electrical energy needs of a single-family home. In addition, all waste heat produced is used to provide the house with heat, thus lowering the costs of heating. Picea^(R) can be combined with all commercially available heating units and technologies. Compared to commercially available battery solutions, Picea^(R) has a hundred times more storage capacity with twice the output. Picea^(R) is energy efficient and provides energy in all seasons. This allows Picea^(R) to provide complete energy self-supply and independence from the grid.

About HPS Home Power Solutions GmbH (HPS):
HPS develops and produces integrated systems for storing and using solar energy in single- and multi-family homes. HPS stands for reliability, independence and sustainability in decentralized energy supply. The first system from HPS, Picea^(R), combines energy storage, heating support and indoor ventilation in one compact product. Thanks to its high-performance energy management system, Picea^(R) is able to meet the complete electrical energy needs of a single-family home. In addition, all waste heat produced is used to provide the house with heat and hot water, thus lowering the cost of heating. Compared to commercially available batteries, Picea^(R) has a hundred times more storage capacity with twice the output. Picea^(R) is energy efficient and provides power all year round, enabling complete energy self-sufficiency and independence from the grid. The energy produced by the photovoltaic installation on sunny days can either be used straightaway, or converted into hydrogen and stored. This energy is then made available at night, or during winter when there is limited sunshine. The HPS system's fuel cell converts the energy stored as hydrogen back into electrical energy and heat as needed. HPS is based in Berlin. For more information, please visit: http://www.homepowersolutions.de/en

Business contact:
HPS Home Power Solutions GmbH
Zeyad Abul-Ella, Managing Director
Tel.: +49 30 516958 110
E-mail: zeyad.abul-ella@homepowersolutions.de

Media contact:
MC Services AG
Raimund Gabriel / Andreas Riedel
Tel.: +49 89 210 228 44
E-mail: homepowersolutions@mc-services.eu