Newhydrogen Inc
We are developing innovative technologies to increase the capacity and reduce
the cost of storing electrical energy. We have previously developed an innovative
material technology to reduce the cost per watt of electricity produced by Photovoltaic,
or PV, solar modules.
We are currently working on a silicon anode additive material technology intended
to drastically increase the storage capacity of current and future generation
of lithium-ion batteries while lowering the cost of storing electrical energy.
The lower cost of electrical energy storage will result in reduced cost per
watt of electricity produced by PV solar modules as well.
The solar industry relies on two distinctly different solar energy technologies.
Solar energy can be converted directly into electricity using PV devices or
into heat by solar thermal devices. PV devices convert sunlight directly into
electricity through a photovoltaic cell, commonly called a solar cell, a non-mechanical
device usually made from silicon alloys. Solar thermal devices, on the other
hand, are typically used for directly heating swimming pools, heating water
for domestic use, and space heating of buildings.
Our product development focus had been based on PV technology, thus we are
currently a part of the PV segment of the industry. Photovoltaics is derived
from the words photo, meaning light, and voltaic, meaning voltage producing.
Sunlight, not heat, fuels photovoltaic cells. The cells, made mostly of the
semiconductor silicon, convert sunlight directly into electricity.
With all of these PV panels being installed, there is still one major challenge
that prevents solar from being a primary and reliable source of power –
the sun does not shine at night. As a result, solar users will switch to using
electricity from the local power company during the evening hours. This switch
causes sudden spikes in power demand on the grid and creates havoc at the local
power company because the grid is not designed to respond to rapid demand changes.
The key to solving this problem is efficient electrical energy storage systems
that can be charged and discharged rapidly, day in and day out. This will time-shift
daytime solar energy for nighttime use with minimal reliance on the power grid.
According to a 2015 report by Solar Energy Industries Association, the demand
for rooftop solar paired with energy storage systems will reach $1 billion in
the U.S. by 2020, and will create pent up demand for cost effective solar energy
storage solutions. Pairing solar panels with batteries means users can store
power during the day and use it at night, reducing electricity bills. Those
savings can be more significant for customers who pay higher rates for electricity
during peak periods.
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