HyperSolar Inc (OTCMKTS:HYSR) said that it submitted a full utility patent application for the process of production of multi-junction artificial photosynthetic cells. The application is jointly filed with the University of California, Santa Barbara.
The management view
Tim Young, the CEO of HyperSolar, said that as hydrogen fuel technology attracts attention from the mainstream clients and industrial sectors, it is prepared to become as competitive as wind and solar energies. The company has been working with its partners the University of California, Santa Barbara and the University of Iowa to scale the process for manufacturing completely renewable near or at the point of distribution. The new patent will make sure that the company protects its technology. It will also help to facilitate licensing measures as HyperSolar moves forward towards commercialization.
The prominent features
The patent application of HyperSolar is inspired by space shuttle multi-junction solar cells. Here, the different layers of semiconductor components are stacked together to increase solar conversion efficiency. The application claims an innovative, high voltage and low cost multi-junction solar cell manufactured from a single material. The voltage as reported by HyperSolar is close to 1.5 volt that is required for breaking water molecules into oxygen and hydrogen.
HyperSolar Inc (OTCMKTS:HYSR) believes that if successfully developed, the technology can produce ‘green hydrogen’, cost competitive, with ‘brown hydrogen.’ The company expects to see Further licensing opportunities arising from several industries including for retail distribution centers and car charging stations. There are several facilities that would gain from hydrogen developed near or at the point of distribution. The technology works on the principle of manufacturing a submersible, low-cost hydrogen production component that can break water molecules using sunlight. In such a method, there would be no use of any other external resources or systems. After the news, the stocks of HyperSolar surged more than 16% to close at $0.0245.