Friday, March 19, 2010
eHydrogen Solutions Increases Revenue Outlook Based on Pike Research Report Underscoring Demand for the Company's CHP Systems
RENO, NV, Mar 19, 2010 (MARKETWIRE via COMTEX) -- (PINKSHEETS: EHYD) eHydrogen Solutions, Inc. (eHS), announced today it increased its revenue outlook for its Residential Distributed Energy and Combined Heating and Power (CHP) development projects based on Pike Research's authoritative CleanTech Update, published March 12, 2010.
The report explicitly states the "Residential Energy Efficiency Market (is) poised for strong growth during the economic recovery. This sector, which comprises energy efficient home improvements, high-efficiency appliances, and home energy auditing services, holds the potential to generate significant new revenue opportunities as well as creating a large number of new green collar jobs."
eHs' Residential Distributed Energy and CHP systems specifically target the residential energy efficiency market and are all powered by the Company's On Demand Hydrogen Production (ODHP) systems.
The Company's Distributed Energy and CHP systems are zero-emissions solutions efficiently integrating leading edge energy production, energy storage and space heating technologies into self sufficient, ecologically sensitive applications for residential use. These processes, together with advanced electrolysis technologies, when integrated into a fuel cell, hydrogen powered generator and/or advanced battery storage systems, will enable sufficient hydrogen production to power and heat a home -- with all hydrogen produced on-site.
"Demand for these products and services has increased significantly over the past few years due to a rise in fuel and energy prices, improved awareness and participation in green home certification programs, and through government support. Government programs such as the American Recovery and Reinvestment Act have provided incentives for energy efficient products, services, and retrofits, spurring growth in these sectors. These drivers include increased environmental awareness among consumers, government incentives, utility energy efficiency programs, and new offerings and rebates from product manufacturers." Read more.