SunHydrogen CEO Shares 2025 Annual Shareholder Letter and Update on Our Austin Pilot

Core Insights - SunHydrogen made significant advancements in 2025 towards developing commercially viable hydrogen panels, enhancing field readiness, and expanding partnerships for real-world performance [1] - The company deployed its first multi-panel solar hydrogen system at the University of Texas at Austin, generating real-world operating data [2] - A phased rollout strategy was implemented to mitigate risks associated with scaling and operational issues [4] Performance and Manufacturing - Initial commissioning of four hydrogen panels showed performance variations compared to previous targets, attributed to a specific solar substrate manufacturing process [5] - Corrective actions are being initiated with the manufacturing partner to address performance issues, while interim processes are being developed to improve efficiency [5] - A Technology and Manufacturing Services agreement with CTF Solar, valued at approximately €2 million, aims to industrialize SunHydrogen's hydrogen panels [6][7] Pilot Program and Validation - The Austin pilot serves as a proving ground, providing operational insights that enhance the manufacturing scale-up process [8] - The agreement with CTF Solar includes the production of up to 1,000 full-size hydrogen modules to validate yield, efficiency, and repeatability for commercial deployment [7] Acknowledgments and Future Commitment - The company expressed gratitude to various organizations and individuals for their support in 2025, emphasizing collaboration in advancing renewable hydrogen production technology [9] - Recognition was given to the SunHydrogen team for their dedication and technical rigor in translating technology into field-ready systems [10] - The company remains committed to clear communication of progress and step-by-step execution towards commercialization [11]