DGAP-News: HPS Home Power Solutions GmbH / Key word(s): Miscellaneous
01.02.2022 / 13:00
The issuer is solely responsible for the content of this announcement.
Heating in winter exclusively with rooftop solar power – combining picea year-round electricity storage, a heat pump and solar system makes it possible
Berlin, 01 February 2022 – Almost a fifth of all carbon emissions in Germany are generated by building heating. The German government has therefore announced that, from 2025, every newly installed heating system is to be powered by at least 65 percent renewable energy. By 2030, 50 percent of heat generation must be climate neutral. This means that the building sector has a huge amount of work to do. There are currently very few solutions on the market capable of meeting these targets. One exception to this is picea, the world’s first year-round electricity storage system for buildings, which works with a heat pump and solar system to generate heating from renewable energy and thus avoid carbon emissions.
“There is no comparable electricity-powered heating solution for existing and new buildings on the market that can compete in terms of energy independence and carbon reduction,” says Zeyad Abul-Ella, co-founder and managing director of HPS Home Power Solutions GmbH. “With our picea year-round electricity storage system, surplus solar electricity from the summer can be stored and used to operate a heat pump in the winter. For the first time, therefore, it is possible to heat new buildings that are particularly energy-efficient entirely with renewable energy. This one solution protects the environment while at the same time shielding consumers from rising energy prices and increasing their security of supply.”
Mains-powered heat pumps produce carbon emissions
The German government wants to reduce carbon emissions from buildings and is providing significant financial support to encourage people to install heat pumps. As a result, the heat pump is now the most commonly installed heating system in new buildings in Germany. Since a heat pump uses electricity to absorb heat from the outside air, it is the most efficient heating system for new buildings and well-insulated building stock and is itself emission-free. However, particularly in winter when the heat pump requires much more electricity, the fossil energy share in the German electricity mix is very high. In November 2021, for example, environmentally harmful energy sources accounted for around 66 percent of the electricity mix. Not only that, but the electrification of heat is drawing more and more energy from the electricity grid. Because these effectively emission-free heat pumps are self-contained power systems, they help to free up the public grid by supplying energy locally.
How a picea system works with a heat pump and solar array
The pica year-round electricity storage system stores surplus solar electricity from the summer in the form of hydrogen for the winter. When winter comes, the hydrogen is made available to the building as electricity …….
Source: https://uk.finance.yahoo.com/news/heating-winter-exclusively-rooftop-solar-120002690.html
