Next Hydrogen Successfully Energizes Ontario's largest Onsite Clean Hydrogen Fueling Station at a Distribution Centre
This achievement signifies the inauguration of Ontario's largest onsite clean hydrogen generation and fueling station, designed to produce up to 650 kg of hydrogen per day to support fuel cell forklifts.
Next Hydrogen manufactured the electrolyzer with its innovative cell design architecture, engineered and built the balance of plant as well as integrated compressors and dispensers. The Company is currently overseeing system operations and will continue to do so until the fueling station is formally transitioned over to the customer.
'I would like to extend my gratitude to our talented team for their relentless efforts in successfully validating our second-generation electrolyzer through an extensive Factory Acceptance Test and operating the full hydrogen production system at a customer's site,' said Raveel Afzaal, President and CEO of Next Hydrogen. 'Demonstrating our revolutionary electrolyzer in a market application represents a significant advancement for our industry and paves the way for large-scale, low-cost green hydrogen production.'
About Next Hydrogen
Founded in 2007, Next Hydrogen is a designer and manufacturer of electrolyzers that use water and electricity as inputs to generate clean hydrogen for use as an energy source. Next Hydrogen's unique cell design architecture supported by 40 patents enables high current density operations and superior dynamic response to efficiently convert intermittent renewable electricity into green hydrogen on an infrastructure scale. Following successful pilots, Next Hydrogen is scaling up its technology to deliver commercial solutions to decarbonize transportation and industrial sectors.
Contact Information
Raveel Afzaal, President and Chief Executive Officer
Next Hydrogen Solutions Inc.
Email:
rafzaal@nexthydrogen.com
Phone: 647-961-6620
www.nexthydrogen.com
Notice regarding forward-looking statements:
Certain statements in this press release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as 'plan', 'continue', 'expect', 'project', 'intend', 'believe', 'anticipate', 'estimate', 'may', 'will', 'potential', 'proposed' and other similar words, or statements that certain events or conditions 'may' or 'will' occur. Forward-looking statements in this press release include statements regarding: the Offering, the use of proceeds of the Offering, approved and potential government grants and the Letter of Interest from EDC with respect to a working capital debt financing. Such forward-looking statements are based on the current expectations of management of Next Hydrogen. Actual events and conditions could differ materially from those expressed or implied in this press release as a result of known and unknown risk factors and uncertainties affecting Next Hydrogen, including risks regarding the industry in which Next Hydrogen operates, economic factors, the equity markets generally and risks associated with growth and competition; risks associated with the Corporation's ability to fulfil the technical, environmental, social and governance, financial and commercial due diligence required by EDC, risks associated with the ability to negotiate the government grants or the EDC working capital debt financing on terms acceptable to the Corporation and risks associated with such grants or working capital debt financing closing as planned or at all. Additional risk factors are also set forth in the Company's management's discussion and analysis and other filings available via the System for Electronic Document Analysis and Retrieval (SEDAR Plus) under Next Hydrogen's profile at
www.sedarplus.ca
. Although the Company has attempted to identify certain factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement can be taken as guaranteed. The forward-looking information contained in this press release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, readers should not place any undue reliance on forward looking information.
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