HPS Home Power Solutions wins The smarter E AWARD

The jury selected picea because of the pioneering development of this unique product and the signal it sends for the use of renewable energy in the residential communities including its potential to scale for larger applications. According to the jury, this intelligent solution for seasonal energy storage enables a decentralized, independent and carbon-free energy supply for single-family homes all year. This product could pave the way for a wider adoption of seasonal storage contributing to a secure transition to renewable energy.

“We are delighted to receive this important award from The smarter E, a well-known innovation platform," said Zeyad Abul-Ella, Managing Director and founder of HPS Home Power Solutions GmbH. “This award is a fantastic validation of years of development work and shows us that even critical experts see picea as a market-ready solution for sustainable energy supply in the home. The extreme weather we have been witnessing in recent weeks is yet another reminder that we must do everything we can to curb further global warming. Our globally unique home storage system, which allows a self-sufficient and carbon-free power supply for homes, enables all our customers to contribute to this goal. Together we can tackle climate change."

Abul-Ella added: "Of course, developing, marketing and regularly maintaining such an innovative and globally unique system requires a strong team. I would therefore like to take this opportunity to expressly thank our growing team of more than 100 employees without whom such a success would not have been possible. They are contributing their skills, enthusiasm, creativity and – if I may say so – a sense of joy to their work. Therefore, the award first and foremost goes to all of you."

About The smarter E:

The smarter E is the innovation hub for events and topics of the new energy world. Renewable energy, decentralization and digitalization are bringing lasting changes to the energy world. This development demands cross-sector, intelligently integrated concepts and solutions for the efficient generation, storage, distribution and use of energy. Under the banner “Creating the new energy world,” The smarter E Europe unites four exhibitions and conferences that take an in-depth look at these topics – Inter Solar, ees (electrical energy storage), Power 2 Drive and EM Power – making it one of the largest platforms for the energy industry.

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 mature 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, most recently the Handelsblatt Energy Award 2021.