HPS Home Power Solutions with first ESG rating among top 25 percent of the sector

HPS Home Power Solutions AG, the world’s leading provider of green hydrogen-based year-round electricity storage for buildings, has received its first ESG risk rating. HPS ranks 18th out of a total of 78 companies in the sector assessed by Sustainalytics, scoring 22.7 points. On a scale of 0 to 100, lower scores mean lower ESG risk. ESG stands for Environmental, Social and Governance and deals with the influence a company has on these factors.

“HPS sustainable impact as a company goes far beyond the world’s first available year-round electricity storage system for buildings. With the picea year-round electricity storage system, we offer home owners, building owners and companies the opportunity of a CO2-free and independent energy supply and thus to be part of the energy transition. In line with this idea, we approved our sustainability strategy in the summer. Since then, we have been consistently implementing the measures adopted. The good independent rating confirms how much we have already achieved with our sustainability commitment. With the further implementation of the sustainability strategy, we will be able to manage ESG areas of action even better in the future,”

says Jewgeni Elster, CFO of HPS.

The sustainability strategy of HPS covers five fields of action with corresponding targets and operational measures: Employees, Governance and Compliance, Environment and Society, Customers and Products, and Supply Chains. Progress in achieving the targets is measured regularly by means of defined key figures. The focus is on measures to increase energy efficiency and conserve resources.

The Sustainalytics rating agency examined more than 70 indicators at HPS as part of a comprehensive analysis. These include a. o. product governance, corporate governance, business ethics, human rights, CO2 emissions, human capital, health and safety. The score for the ESG rating is derived from the evaluation of all indicators. Overall, no events were identified that may negatively impact stakeholders, the environment or the company.

HPS ranks 18th out of a total of 78 companies in the industry rated by Sustainalytics. This first ESG rating puts it in the top 25 percent of the industry.

HPS is the world leader in the development and production of integrated energy storage systems based on green hydrogen for homes, multi-family houses and commercial properties. HPS addresses important areas of the energy transition with its innovative picea year-round electricity storage system. The surplus energy generated by a photovoltaic system on sunny days is stored as green hydrogen and used in the dark season to supply electricity and heat. Thus, buildings can be provided with solar energy from their own roofs all year round. The Berlin-based company was founded in 2014 by Zeyad Abul-Ella and Dr. Henrik Colell. HPS has won several prestigious awards with picea, most recently the Handelsblatt Energy Award, the Berlin-Brandenburg Innovation Award and the Sustainability Challenge of the German Sustainable Building Council.

More information www.homepowersolutions.de.

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