SACRAMENTO, CA, March 28, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Today CuraScientific Corp. (the "Company") (OTCPINK: CSTF) is proud to announce its wholly-owned subsidiary, Sustainable Energy Group Inc., is developing a groundbreaking low-cost hydrogen fuel cell for residential solar batteries. With over 20 years of experience in providing solar products and services, Sustainable Energy Group has established a reputation for integrity and innovation in the alternative energy industry.
The new product unveiled by Sustainable Energy Group is poised to revolutionize residential solar systems by offering the ability to charge solar batteries at any time during the day, regardless of weather conditions or light availability. This innovative technology combines battery storage with hydrogen fuel cells, providing consumers with a reliable and cost-effective solution for transitioning to a 100% clean electricity grid.
Brian Gardner, Chairman of CuraScientific and President of Sustainable Energy Group, emphasized the significance of this development, stating, “SEG's new combination of battery storage and hydrogen fuel cell product will play a crucial role in enabling residential solar markets to transition to a clean energy future in a cost-effective and reliable manner.” He cited various studies, including research from Stanford University, supporting the efficacy of this technology in achieving significant annual energy cost reductions. The study found that transitioning to clean energy could achieve overall annual energy cost reductions of around 61%; whereas the efficiency of electricity over combustion reduces energy demand by 38.0%, and to provide the electricity with just wind-water-solar sources and storage, and eliminating energy to mine, transport, and refine fossil fuels and uranium saves another 11.3% of all energy. End-use energy efficiency improvements beyond business-as-usual reduce energy requirements another 6.6%, and a forecasted reduction in the cost per unit of energy of about 9% results in an overall annual cost savings to a country of 61%.
Gardner further elaborated on the benefits of green hydrogen storage, highlighting its ability to absorb excess electricity during periods of high renewable energy generation and provide storage when wind and solar resources are not available. This versatility ensures grid stability and enhances the overall efficiency of renewable energy systems.
Sustainable Energy Group has set the summer of 2025 as the target for the rollout of its first-generation product for residential use. Leveraging its craftsmanship, technical expertise, and state-of-the-art technology, SEG is committed to driving positive change in the alternative energy industry and accelerating the adoption of sustainable energy solutions.
ABOUT SUSTAINABLE ENERGY GROUP INC.: Established in 2004, Sustainable Energy Group Inc. has evolved from a multi-licensed contractor specializing in solar energy systems in Northern California to a recognized leader in the field. As a wholly-owned subsidiary of CuraScientific Corp., SEG is dedicated to developing proprietary products that leverage market opportunities and contribute to the advancement of clean energy technologies.
FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements. Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance, nor should they be relied upon as representing management's views as of any subsequent date. The forward-looking statements are based on management's expectations and are subject to a number of risks and uncertainties. Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements. Risks and uncertainties that could cause actual results to differ materially include, without limitation, the Company's ability to effectively execute its business plans; unforeseen construction delays; the Company's need for additional capital; changes in general economic and financial market conditions; changes in the competitive environment; litigation; losses, customer bankruptcy, claims and assessments; and regulatory or legislative requirements affecting the Company's business. Management may elect to update forward-looking statements at some future point; however, it specifically disclaims any obligation to do so.
Contact:
Samuel Berry, CEO
CuraScientific Corp
Sustainable Energy Group, Inc.
420 Sierra College Drive, Suite 320
Grass Valley, California 95945
Sustainableenergygroup.com
IR@SEG.ENERGY
