HPS HOME POWER SOLUTIONS GMBH HPS Home Power Solutions collaborates with Wohnwerke to equip private homes with picea, the solar-hydrogen-based power supply

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10/06/2021 11:00

DGAP-News: HPS Home Power Solutions GmbH / Key word(s): Alliance
HPS Home Power Solutions collaborates with Wohnwerke to equip private homes with picea, the solar-hydrogen-based power supply

10.06.2021 / 11:00
The issuer is solely responsible for the content of this announcement.

Press Release

HPS Home Power Solutions collaborates with Wohnwerke to equip private homes with picea, the solar-hydrogen-based power supply

  • Wohnwerke will be offering private homes with the picea energy storage system from HPS under the neubauten brand
  • picea is the world's first commercially available CO2 free, solar-hydrogen-based power supply for private homes
  • First joint show house planned near Stuttgart

Berlin, June 10, 2021: Berlin-based HPS Home Power Solutions GmbH and builders and architects Wohnwerke GmbH are launching a partnership for climate-friendly, private houses. Wohnwerke will offer its customers picea, the hydrogen-based electricity storage system from HPS, as standard equipment for their one-family homes. The combination of modern architecture and innovative energy system is planned to be built soon in a show house in Asperglen-Rudersberg near Stuttgart.

Using solar energy and innovative power-to-gas hydrogen technology, picea enables year-round, carbon free and independent power supply for one- and two-family houses. HPS offers the first marketable solution worldwide in this segment. The picea system also uses the entire process heat from energy generation, storage and usage to reduce the energy required to heat a house. picea has a very high overall utilization rate of around 90%.

picea offers more than 100 times the storage capacity of home batteries available on the market today. The system enables hydrogen technology to be used easily and efficiently in private households for the first time and can thus make a significant contribution to climate protection. The show house will underline the technological market leadership of HPS as well as the commitment and reliability of picea. It demonstrates Wohnwerke's ambition to equip high-quality homes with an independent power supply and contribute to climate protection.

Zeyad Abul-Ella, Managing Director of HPS Home Power Solutions, comments: "After the successful start of production of picea, we are very pleased to announce an attractive partner for the distribution of our innovative storage system. Wohnwerke stands for high-quality, modern and ecological living design and therefore fits perfectly with our forward-looking and practical energy solution."

Lucas Neddermann, managing director of Wohnwerke, adds: "Our customers are quality and environmentally conscious and are looking for climate-friendly living solutions. We are therefore very pleased to have found the partner with the innovative picea system with whom we are able to realize an energy self-sufficient building. Together with HPS, we are taking a pioneering role in the future market of hydrogen-based energy storage in private homes."

About picea

picea is the world's first hydrogen-based electricity storage system for one and two-family houses. The energy surpluses achieved on sunny days from a photovoltaic system are stored as green hydrogen to make electricity and heat available in the dark season. picea provides year-round, carbon free full power supply and also reduces heating costs. One picea system avoids approx. 3 tons of carbon dioxide per year, binding as much carbon dioxide as 130 Spruce trees. HPS started delivering the first picea systems in 2019. With contract manufacturing having started in 2020, larger quantities are being produced and become available for delivery in 2021. picea has won several prestigious awards, e.g. the Handelsblatt Energy Award 2021.

About HPS Home Power Solutions

HPS develops and produces integrated systems for the storage and use of solar energy for one- and two-family houses. The Berlin-based company was founded in 2014 by Zeyad Abul-Ella and Dr. Henrik Colell and stands for reliability, independence and sustainability in decentralized energy supply. picea, developed by HPS, is the first system worldwide, that combines electricity storage, heating support and residential ventilation in one compact product. For more information, please visit: http://www.homepowersolutions.de/en

About Wohnwerke GmbH

Wohnwerke offers architect, planning and project development services from a single source. The unique selling proposition of the young company based in Remshalden near Stuttgart is to combine creative solutions with a holistic view of buildings and the highest quality standards for private homes. Under the neubauten brand, Wohnwerke GmbH has developed a house that supplies itself with heating energy and electricity. The successful implementation of the "economically self-sufficient" neubauten energy-plus house was followed up by the development of the "energy self-sufficient" new built power-to-gas house. With this technology, the house only needs a water and a sewage connection. For more information please visit: www.neubauten.de

Contact HPS Home Power Solutions GmbH:

Melanie Glitz (Marketing Manager)
Tel.: +49 30 235914 701
Email: marketing@homepowersolutions.de

Contact Wohnwerke GmbH:

Michela Montesano (Marketing & Media)
Tel.: +49 7151 9735 19
Email: montesano@wohnwerke-bau.de

Media contact:

MC Services AG
Julia Hofmann
Tel.: +49 89 210 288 0
Email: homepowersolutions@mc-services.eu

10.06.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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