Montreal, Quebec, Canada, (June 11, 2020): HPQ Silicon Resources Inc. (“HPQ” or the “Company”) TSX-V: HPQ; FWB: UGE; Other OTC : URAGF; is pleased to announce that HPQ has signed a non-disclosure agreement (“NDA”) with an advanced materials developer for the purposes of exchanging technical information and sending silicon samples produced by the PUREVAP™ Nano Silicon Reactor (NSIR) for energy storage applications testing.
For industry competitive reasons, and according to the terms of the NDA, the identity of the advanced materials developer must remain confidential.
“This NDA is further indications that the game changing potential of the PUREVAP™ NSiR process we are developing with PyroGenesis Canada Inc. (TSX-V: PYR) is attracting interest from participants involved in the energy storage race. Being able to start technical discussions before producing samples is an incredible advantage, as it allows us to better match our material characteristics with what market participants are looking for,” said Bernard Tourillon, President and CEO HPQ Silicon. “Silicon’s potential to meet energy storage demand is undeniable and generating massive investments, and serious industry interest, so our timing could not be better. Suffice it to say, we are very pleased to continue attracting such early interest. However, I must caution investors that although this agreement does signal the interest in our unique products, we are still at the very preliminary stages and there is no guarantee that anything of commercial value will materialize from these efforts. It does however demonstrate the potential for new and exciting advances by HPQ in the silicon energy space.”
GAME CHANGING POTENTIAL OF OUR PUREVAP™ NANO SILICON (Si) REACTOR GETTING NOTICED
Nano Silicon (Si) Powders have been identified as the key element that will allow the manufacture of high-performance Li-ion batteries to deliver on the research promises of an almost tenfold (10x) increase in the specific capacity of the anode, inducing a 20-40% gain in the energy density of Li-ion batteries.
The PUREVAP™ NSiR process is purposely being developed to address the fact that current manufacturing processes to make Nano Silicon (Si) Powders are not very scalable and simply too expensive to be commercially feasible, requiring up to US$ 30,000/kg1 selling prices to justify production.
GLOBAL ENERGY STORAGE MARKET READY TO EXPLODE
A recent report by Wood Mackenzie Power & Renewable’s Report projects that energy storage deployments are estimated to grow 1,300% from a 12 Gigawatt-hour market in 2018 to a 158 Gigawatt-hour market in 2024.
Meanwhile, at current growth rates of 2% per year, global energy consumption will be an estimated 125,000 Terawatt-hours, which is 800,000 times more than the estimated storage capacity. An estimated US$71 billion in investments will be made into storage systems where batteries will make up the lion’s share of capital deployment
1 Source: Quotation from a producer (Confidential), Media article