The high voltage multi-junction solar cell is made from a single material, which has a low cost per watt and to date achieved close to the critical 1.5 volts required for splitting water molecules into hydrogen and oxygen, according to the patent application filed.

The new technology is claimed to produce renewable hydrogen from water that is cost competitive with hydrogen generated from natural gas.

HyperSolar CEO Tim Young said the hydrogen fuel cell industry has been a buzz lately in part due to Walmart’s partnership with Plug Power, and Hyundai, BMW and other auto manufacturer’s commitment to hydrogen fuel.

"We believe that our process of mimicking photosynthesis by splitting water molecules provides the lowest-cost and scalability that the industry will need as it continues to establish relationships with international brands and projects," added Young.