HPS Home Power Solutions AG appoints Jewgeni Elster as Managing Director

HPS Home Power Solutions AG (HPS), the Berlin-based energy solutions provider for single-family homes, which fulfils the need for energy independence, today announced the appointment of Jewgeni Elster as Managing Director and CFO. Jewgeni Elster (MBA) holds a degree in business administration, has more than ten years of relevant management experience in the financial sector of various energy companies and was most recently Chief Financial Officer at photovoltaic company Saferay Holding GmbH, where he was responsible for the areas of finance, business strategy & development.

“We warmly welcome Jewgeni to the HPS management team and are very pleased to have attracted such a proven financial expert in the energy business to support our growth plans”,

commented Zeyad Abul-Ella, Managing Director of HPS.

“With the newly created position of Managing Director, we are preparing ourselves for our growth in the years to come.”

“HPS is one of the most fascinating companies working on innovative energy systems. The unique picea energy solution from HPS makes it possible, for the first time, to provide a year-round, green power supply for the home. I am very much looking forward to commercially realizing this promising innovation and to jointly promote its dissemination through sustainable growth of the Company in Germany and Europe”,

says Jewgeni Elster, Managing Director of HPS.

Jewgeni Elster joins HPS with immediate effect. Prior to being CFO at Saferay Holding, he was CFO for several years at Dornier Consulting International GmbH in Berlin, an international consulting company of the Airbus Group for mobility, environment and infrastructure. This was preceded by leading positions at the energy companies Gazprom, Berlin, and Vattenfall, Hamburg, in energy trading and risk management. The business administration graduate and Energy Management MBA holder started his professional career in 2006 at the corporate consultancy PricewaterhouseCoopers in Frankfurt and Berlin, followed by senior positions in risk management at HSH Nordbank AG, Hamburg, an international financing specialist in the field of renewable energies, transportation and real estate.

HPS develops and produces integrated systems for the storage and use of solar energy for single and two-family houses. HPS stands for security, independence and sustainability in decentralized power supply. The first HPS system picea is energy storage, heating support and residential ventilation in one compact product. Based on its own powerful energy management system, picea completely covers the electrical energy requirements of a single-family home. In addition, the waste heat generated is supplied to the house as heating energy, thus reducing heating costs. Compared to commercially available batteries, picea offers a hundred times more storage capacity with twice as much power. picea is energy efficient and provides energy all year round. This makes picea the first real option for complete independence from the grid. The energy produced by a photovoltaic system on sunny days can either be used immediately or converted into hydrogen and stored. This energy can then be retrieved during the winter period when there is little sunshine. picea’s fuel cell converts the energy stored in hydrogen back into electrical energy and heat when needed. HPS has its headquarters in Berlin. For more information, please visit: http://www.homepowersolutions.de/en

Nils Boenigk (Public Affairs & Public Relations)
Tel.: +49 30 235914-704
E-Mail: nbo@homepowersolutions.de