Business
HyperSolar Extends Research Agreement With University of California, Santa Barbara as Demand for Hydrogen Fuel Grows
HyperSolar Extends Research Agreement With University of California, Santa Barbara as Demand for Hydrogen Fuel Grows.
About this update from Sunhydrogen Inc.
[{"type":"text","content":"\nHyperSolar Extends Research Agreement With University of California, Santa Barbara as Demand for Hydrogen Fuel Grows \n\nHyperSolar Extends Research Agreement With University of California, Santa Barbara as Demand for Hydrogen Fuel Grows\n\n\nCommercial Organizations and Consumer Markets Continue to Make the Business Case for Hydrogen Fuel Cell Technologies \n\n\n SANTA BARBARA, CA--(Marketwired - January 12, 2016) - HyperSolar, Inc. (OTCQB: HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and any source of water, announced today that it has extended its sponsored research agreement with the University of California, Santa Barbara (UCSB) through June 30 2016, as the Company continues to develop its renewable hydrogen producing technology designed to meet the internationally growing demand for hydrogen fuel.The University of California, Santa Barbara, has led the scientific efforts that have resulted in numerous breakthroughs towards effectively producing renewable hydrogen fuel at or near the point of distribution. By exceeding the 1.5 Volt milestone needed to produce hydrogen fuel in commercial real world applications, HyperSolar has demonstrated the potential for its technology to become a viable resource for companies and individuals requiring hydrogen fuel to power their various applications. In conjunction with the University of Iowa, HyperSolar's scientific efforts are led by two leading universities with a reputation for innovation within engineering and sustainability practices.The market demand for hydrogen fuel has continued to grow as companies and individuals pursue more cost effective means of power that are less dependent on fossil fuels. The Fuel Cell & Hydrogen Energy Association (FCHEA) recently published a report entitled The Business Case for Fuel Cells 2015: Powering Corporate Sustainability that highlights this increased adoption of fuel cell technology. According to the report, approximately 23% of Fortune 100 companies are \"using fuel cells for primary or backup power generation, or for materials handling equipment (MHE).\" Furthermore, small to large sized businesses have purchased or installed over 13MW of stationary fuel cells; as companies such as Verizon, Walmart and FedEx establish partnerships with hydrogen technology companies Plug Power, Bl...