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Energy Tech Series B Founded 2014

Home Power Solutions

Home Power Solutions develops residential energy storage systems based on proton exchange membrane (PEM) fuel cell technology, providing homes with independent power supply solutions. The company's technology combines hydrogen-based energy storage with fuel cell conversion, enabling households to store excess energy from renewable sources like solar panels and convert it back to electricity on demand. PEM fuel cells…

📍 Berlin, Germany · Energy Storage Tech

Funding snapshot

Last roundSeries B
Amount$23M
Date9 January 2023
Total raised$41M
Team size111

About

Home Power Solutions develops residential energy storage systems based on proton exchange membrane (PEM) fuel cell technology, providing homes with independent power supply solutions. The company's technology combines hydrogen-based energy storage with fuel cell conversion, enabling households to store excess energy from renewable sources like solar panels and convert it back to electricity on demand. PEM fuel cells offer advantages including high efficiency, low operating temperatures, quiet operation, and zero local emissions, producing only water and heat as byproducts. The system is designed to provide energy autonomy for residential properties, allowing homes to maintain power during grid outages and reduce dependence on conventional energy suppliers. By utilizing hydrogen as an energy carrier, the technology addresses the intermittency challenge of renewable energy sources, storing energy for extended periods compared to conventional battery systems. Home Power Solutions targets the residential energy storage market, offering an alternative to battery-based home storage systems with the potential for longer duration energy storage and seasonal energy shifting. The company's approach integrates fuel cell technology with home energy management, creating a complete solution for decentralized power generation and storage. Founded in 2014 and headquartered in Berlin, Germany, Home Power Solutions has raised $41.2M in Series B funding from investors including Land, Santander Bank, WIWIN, Wi Venture, EIT InnoEnergy, kopa ventures, Trinity Solar, and Blackburn International.

Business model

Energy Storage Tech > Fuel Cell > Proton Exchange Membrane (PEM)

Institutional investors

Land Santander Bank WIWIN Wi Venture EIT InnoEnergy kopa ventures Trinity Solar blackburninternational Bernd Gaddum Bernard Stammler Klaus Wirth David Kalber Jurgen Kalber Yannick Kalber Klaus Rudolf Otto

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