Press release

HPS Home Power Solutions GmbH begins delivery of the first Picea customer systems
 

Berlin, January 09, 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 it has begun delivering the first commercial Picea systems.

"We're delighted to report that delivery of the first commercial Picea systems is underway," said Zeyad Abul-Ella, Managing Director of HPS Home Power Solutions GmbH. "This is a major event for the company - as well as for our investors, partners and clients, who have shown true pioneering spirit. For these pioneers, the dream of energy independence in their own home is now becoming a reality."

Henrik Colell, Managing Director of HPS Home Power Solutions GmbH, added: "Starting delivery of the first commercial Picea systems means that we will be able to further optimize processes with our partners and installation companies, so that we can progressively cut down delivery and installation times. We also benefit from the extensive experience we have gained during the intensive field test phase with several systems in different regions of Germany."

"This is a magnificent milestone for such a young company. The management, the supervisory board and all of the staff at HPS have worked very hard to make it possible. The transformation of the energy market has now spread to every part of the value chain. Technological pluralism and diversity are making a decentralized and even an entirely local energy supply a feasible option, for the first time, for private energy customers who want to access independent energy from CO₂-neutral sources and store it to use as and when they need it. With Picea, HPS has created an outstanding solution to meet this need and is making an important contribution to the energy transition," commented Hans-Peter Villis, Chairman of the Supervisory Board of HPS Home Power Solutions GmbH.

With the delivery of the first systems, HPS has now begun serving the numerous end-user inquiries that have been received since its commercial launch in March The first Picea systems will be installed by HPS' sales partners with support from HPS' own staff. As more systems are delivered, the sales partners will take over full responsibility for installations. This process ensures the quality of the installation of Picea and enables a smooth qualification of the distribution partners regarding the independent installation of future Picea systems.

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, combines energy storage, heating support and indoor ventilation in one compact product. Thanks to its high-performance energy management system, Picea 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 has a hundred times more storage capacity with twice the output. Picea 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:

Business contact:
HPS Home Power Solutions GmbH
Zeyad Abul-Ella, Managing Director
Tel.: 10
E-mail:

Media contact:
MC Services AG
Andreas Riedel
Tel.: 44
E-mail: