HPQ Silicon Resources Inc.
(“HPQ” - “The Company”)
TSX-V: HPQ
; FWB: UGE; Other OTC : URAGF;
(“HPQ”) announces that HPQ and PyroGenesis Canada Inc.
(TSX-V: PYR) (“PyroGenesis”) are actively evaluating a joint
venture to manufacture Nanoscale Structure Silicon (Si) powders for
next generation Li-ion Si batteries.
NANOSCALE STRUCTURE SILICON POWDERS
SELLING FOR US$ 30,000/Kg1
While Nanoscale Structure Silicon Powders
improve Li-ion battery performance, high performance Silicon (Si)
anodes are not presently commercially feasible due to high
manufacturing costs. Specifically, two (2) major issues have
been identified as major impediments to commercial feasibility.
The cost of the high purity Silicon feed material needed, and
the cost of transforming Silicon into Nanoscale Structure Silicon
Powders for Li-ion batteries.
Combining the HPQ PUREVAP™ Quartz Reduction
Reactor ("QRR") technology with PyroGenesis Plasma Atomization
knowhow to manufacture Nanoscale Structure Silicon (Si) powders,
could potentially resolve these 2 issues and lead the way to full
commercialization of Nanoscale Structure Silicon Powders. If
successful, that should subsequently lead to their wide scale
adoption in the battery space. If this occurs, HPQ and
PyroGenesis would then be well positioned to assume a market
leadership position.
THE RACE IS ON TO BUILD A BETTER
BATTERY: NANOSCALE STRUCTURE SILICON POWDERS
NEEDED
Presently, Silicon powders is used in a blended
form with graphite but its content is typically less than 5 wt%,
which reflects the infancy of Si anode technology and explains the
limited performance improvement achieved to date. Even at
these levels, however, this is estimated to represent an
addressable market of US $ 1B by 20222 expanding at a CAGR of 38.9%
between 2019 – 2024.
The addressable market growth could be
exponentially higher than projected as research suggests that
replacing graphite materials with Nanoscale Structure Silicon (Si)
powders in next generation Li-ion Batteries promises an almost
tenfold (10x) increase in the specific capacity of the anode,
inducing a 20-40% gain in the energy density of Li-ion
batteries.
“PyroGenesis, the inventor of Plasma
Atomization, has more than 20 years of experience manufacturing
plasma atomized metal powders, so if anybody has the knowhow to use
silicon materials produced from HPQ PUREVAP™QRR and manufacture
Nanoscale Structure Silicon (Si) that can be used as high-capacity
anode materials for next generations Li-ion batteries, it is them,”
said Bernard Tourillon, President and CEO HPQ Silicon. “Silicon’s
potential to meet energy storage demand is undeniable and
generating massive investments, as well as, serious industry
interest, so our timing could not be better.”
“We are taken by the potential of this joint
venture as it checks all of the boxes we consider before evaluating
a new business line: It relates to our current activities,
the market although niche is potentially massive, our expertise
would be game changing, and the risk is low,” said Peter Pascali,
President and CEO of PyroGenesis Canada Inc. “We are equally
excited about the market drivers for this product. The
potential from the battery and energy storage markets alone is
estimated, on first review, to be in the multi-billions of
dollars. I look forward to evaluating this opportunity more
closely.”
RENEWABLE AND EV DEMAND INDICATE GLOBAL
ENERGY STORAGE MARKET READY TO EXPLODE
At current growth rates of 2% per year, global
energy consumption will be an estimated 125,000 Terawatt-hours
2020, which is 800,000 times more than the estimated storage
capacity. A recent report by Wood Mackenzie
Power projects that energy storage deployments are estimated to
grow 1,300% from a 12 Gigawatt-hour market in 2018 to a 158
Gigawatt-hour market in 2024. An estimated US$71 billion in
investments will be made into storage systems where batteries will
make up the lion’s share of capital deployment.
As reported by CNBC, private Venture Capital
backed firms are also exploring the use of silicon in batteries and
are positioning to provide the auto industry with the solutions
needed to substantially improve vehicle performance.
About Silicon
Silicon (Si) is one of today’s strategic
materials needed to fulfil the renewable energy revolution
presently under way. Silicon does not exist in its pure state; it
must be extracted from quartz, one of the most abundant minerals of
the earth’s crust and other expensive raw materials in a
carbothermic process.
About HPQ Silicon
HPQ Silicon Resources Inc. is a TSX-V listed
company developing, in collaboration with industry leader
PyroGenesis (TSX-V: PYR) the innovative PUREVAPTM “Quartz Reduction
Reactors” (QRR), a truly 2.0 Carbothermic process (patent pending),
which will permit the transformation and purification of quartz
(SiO2) into Metallurgical Grade Silicon (Mg-Si) at prices that will
propagate its significant renewable energy potential.
HPQ is also working with industry leader Apollon
Solar to develop: Porous silicon wafers manufacturing using
PUREVAP™ Silicon (PVAP Si) that can be used as anode for
all-solid-state and Li-ion batteries; and a metallurgical pathway
of producing Solar Grade Silicon Metal (SoG Si) that will take full
advantage of the PUREVAPTM QRR one-step production of high purity
silicon (Si) and significantly reduce the Capex and Opex associated
with the transformation of quartz (SiO2) into SoG-Si.
HPQ focus is becoming the lowest cost producer
of Silicon (Si), High Purity Silicon (Si), Porous Silicon Wafers
and Solar Grade Silicon Metal (SoG-Si). The pilot plant equipment
that will validate the commercial potential of the process is on
schedule to start in 2019.
This News Release is available on the
company's CEO Verified Discussion Forum, a moderated social
media platform that enables civilized discussion and Q&A
between Management and Shareholders.
Disclaimers:
The Corporation’s interest in developing the
PUREVAP™ QRR and any projected capital or operating cost savings
associated with its development should not be construed as being
related to the establishing the economic viability or technical
feasibility of the Company’s Roncevaux Quartz Project, Matapedia
Area, in the Gaspe Region, Province of Quebec.
This press release contains certain
forward-looking statements, including, without limitation,
statements containing the words "may", "plan", "will", "estimate",
"continue", "anticipate", "intend", "expect", "in the process" and
other similar expressions which constitute "forward-looking
information" within the meaning of applicable securities laws.
Forward-looking statements reflect the Company's current
expectation and assumptions and are subject to a number of risks
and uncertainties that could cause actual results to differ
materially from those anticipated. These forward-looking statements
involve risks and uncertainties including, but not limited to, our
expectations regarding the acceptance of our products by the
market, our strategy to develop new products and enhance the
capabilities of existing products, our strategy with respect to
research and development, the impact of competitive products and
pricing, new product development, and uncertainties related to the
regulatory approval process. Such statements reflect the current
views of the Company with respect to future events and are subject
to certain risks and uncertainties and other risks detailed from
time-to-time in the Company's on-going filings with the security’s
regulatory authorities, which filings can be found at
www.sedar.com. Actual results, events, and performance may differ
materially. Readers are cautioned not to place undue reliance on
these forward-looking statements. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements either as a result of new information, future events or
otherwise, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
For further information
contactBernard J. Tourillon, Chairman, President and CEO
Tel (514) 907-1011 Patrick Levasseur, Vice-President and COO Tel:
(514) 262-9239 http://www.hpqsilicon.com Email:
Info@hpqsilicon.com
____________________1 Source: Quotation from a
producer (Confidential), Media article2 Source
Marketandmakerts.com
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