Next Hydrogen Provides Update on Working Capital Debt Financing
Published by Todd Bush on December 9, 2024
MISSISSAUGA, Ontario, Dec. 09, 2024 (GLOBE NEWSWIRE)
Next Hydrogen Solutions Inc. (“Next Hydrogen”) (TSXV:NXH, OTC:NXHSF, a designer and manufacturer of electrolyzers, is pleased to announce that it has received a Letter of Interest (“LOI”) from Export Development Canada (EDC), for potentially up to $5M in working capital debt financing. EDC’s potential financing commitment, structure, and terms are contingent upon its satisfactory completion of technical, environmental, social and governance (ESG), financial, and commercial due diligence. As such, the LOI should not be construed as a financing commitment.
>> In Other News: Commission Earmarks €4.6 Billion to Boost Net-zero Technologies, Electric Vehicle Battery Cell Manufacturing and Renewable Hydrogen Under the Innovation Fund
“We are grateful to EDC for its interest in supporting our growth opportunities,” said Raveel Afzaal, President & CEO of Next Hydrogen. “With 75% of the world GDP having policies in place to grow the hydrogen economy, we see significant export potential for our innovative electrolyzers to enable decarbonization of hard-to-abate sectors of the economy.”
About Next Hydrogen Solutions Inc.
Founded in 2007, Next Hydrogen Solutions Inc. is a designer and manufacturer of water electrolyzers that use water and electricity as inputs to generate clean hydrogen for use as a green energy source or a green industrial feedstock. 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.
For further information: www.nexthydrogen.com
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
How Isometric Finally Fixed Amazon Carbon Credits
Inside This Issue 🌳 Isometric Certifies First Amazon Credits From Mombak 🧱 Consultation: Revision to Concrete Production Methodology (VM0043) 🚢 DRIFT & Commenda Capital Partners Establish Excl...
-
Ballard Just Paid $400M to Stop Selling Parts
Inside This Issue 🍁 Ballard Buys GeoPura for $400M in Hydrogen Power Push ⛽ XCF Global Begins Producing Renewable Fuels at New Rise Renewables Reno 📈 WoodMac: CCUS Growth Continues Despite Project...
-
Airbus And MTU Plan A New Company
Inside This Issue ⚡ Airbus and MTU Aero Engines to Create a Joint Venture to Develop a Fully Electric Hydrogen Fuel Cell Engine 🌳 Something Weird Is Going on with the 66 Billion Trees China Plante...
Company Announcements
-
Agreement supports future integration of CCS+ methodology framework within GCC’s carbon market ecosystem and explores development of carbon capture modules for industrial point-source emissions Th...
-
Consultation: Revision to Concrete Production Methodology (VM0043)
Verra is launching a public consultation on a major revision to VM0043 CO2 Utilization in Concrete Production, v1.1 (methodology development ID #CN0128) in the Verified Carbon Standard (VCS) Progra...
-
Topsoe Lands Technology Contract for Pioneering Blue Ammonia Fertilizer Project
J Westling & Co will produce blue ammonia, also referred to as low-carbon ammonia, at its facility in Gothenburg, Nebraska, using Topsoe’s advanced SynCOR Ammonia™ technology. The project will...
-
Google, McKinsey, Tencent Invest in Indonesia Carbon Removal
Google and McKinsey will purchase 335,000 metric tons of nature-based removals through the Symbiosis Coalition, while Tencent will purchase 300,000 metric tons as its first offtake outside of China...