Hyperion’s success featured in Guardian

November 9, 2008

Hyperion's success was published in The Observer as well as featured on the Guardian's web site November 9th. Hyperion is a TVC client and was a presenter at the 2008 Equity Capital Symposium.

The US government has licensed the technology to Hyperion, a New Mexico-based company which said last week that it has taken its first firm orders and plans to start mass production within five years. "Our goal is to generate electricity for 10 cents a watt anywhere in the world," said John Deal, chief executive of Hyperion. "They will cost approximately $25m [£13m] each. For a community with 10,000 households, that is a very affordable $2,500 per home."

Deal claims to have more than 100 firm orders, largely from the oil and electricity industries, but says the company is also targeting developing countries and isolated communities. 'It's leapfrog technology,' he said.