HPS Home Power Solutions improves sustainability rating and solidifies position among the top 25 percent in the industry

HPS Home Power Solutions AG (“HPS”), the worldwide leader in providing year-round energy storage systems based on green hydrogen for buildings, has received its second improved sustainability rating.
HPS’s ESG rating has been upgraded from “Medium Risk” to “Low Risk” highlighting the effective management of environmental, social and governance factors. Compared to the previous rating, HPS was able to reduce its sustainability score by 3.2 points to 19.5 points. With 73 companies evaluated, HPS moved up one place to the 17th position, thusly solidifying its position among the top 25 percent in the industry.

“We are pleased to announce that we have been to improve our sustainability significantly. HPS Home Power Solutions AG remains committed to further sustainability with its product picea, successfully achieving the goals that we set for ourselves while continually promoting eco-friendly practices in the areas of environment and social responsibility as well as corporate governance. picea, being the world’s leading global product for year-round electricity storage based on green hydrogen for compact buildings, enables homeowners, builders, and businesses to secure a carbon-free and independent energy supply. The outstanding features of our product are also reflected in the improved rating,”

Board Member Jewgeni Elster commented on the results.

The rating agency Sustainalytics examined 70+ indicators at HPS as part of its comprehensive analysis. The assessment covered areas such as product governance, corporate governance, business ethics, human rights, CO2 emissions, human capital, health and safety.

The electricity demand in Germany is expected to triple due to electrification in private households with the predicted ramping up of heat pump installations and electric car distribution. To meet this increased demand, year-round energy storage is even more needed to ensure a reliable clean power supply at any given time and prevent the curtailment of excess electricity produced from renewable sources at peak times. Year-round electricity storage systems installed in buildings are particularly suitable, as every kilowatt hour consumed and not fed into the grid minimizes the need to expand the electricity grids. picea converts a building’s surplus solar power into hydrogen in summer. This allows large amounts of energy to be efficiently stored over long periods.

HPS is a global leader in the development and production of integrated energy storage systems based on green hydrogen for buildings. With the innovative year-round energy storage picea, HPS addresses key challenges of the energy transition. Surpluses generated by photovoltaic systems on sunny days are stored as green hydrogen and made available again during dunkelflauten in the form of electricity and heat. This enables buildings to be supplied with solar energy coming from their own roofs throughout the year. With picea, HPS has won several prestigious awards, including the Handelsblatt Energy Award, the Innovation Award Berlin-Brandenburg, and the Sustainability Challenge of the German Sustainable Building Council (DGNB).

For more information, visit: https://www.homepowersolutions.de.

Nils Boenigk (Head of Corporate Communications)
Tel.: +49 30 23 59 14 -704
Mobile: +49 173 86 433 86
Email: nils.boenigk@homepowersolutions.de