Berlin-based Home Power Solutions (HPS) is entering Germany's cut-throat residential solar-plus-storage market with its Picea all-in-one unit. It offers solar heating and ventilation, (panels are sold separately), as well as electricity, and a hydrogen storage system for €54,000 ($66,550). The company says the unit can be installed in any home or apartment that has an existing roof space of at least 500 square meters. Industry analysts have questioned whether HPS can make the system cost-effective enough to scale in the face of low feed-in tariffs and a lot of competition.
Berlin-based Home Power Solutions (HPS) is entering Germany's cut-throat residential solar-plus-storage market with its Picea all-in-one unit. It offers solar heating and ventilation, (panels are sold separately), as well as electricity, and a hydrogen storage system for €54,000 ($66,550). HPS said the Picea system can generate between 3 MWh and 6 MWh of energy annually, enough for a four-person household. Industry analysts have questioned whether HPS can make the system cost-effective enough to scale in the face of low feed-in tariffs and a lot of competition.