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
-
What Do Submarines Have to Do With Hydrogen?
Inside This Issue 🚢 Hyundai Pitches Hydrogen Transport Tied To Canada Submarine Bid 🧱 The LEGO Group Expands Its Portfolio Of Carbon Removal Solutions 🏆 SAF Pioneer LanzaJet Honored With RFA Indus...
-
This $4.1M Deal Could Change Carbon Capture's Playbook
Inside This Issue 🗜️ CarbonQuest Lands $4.1M Alberta Deal on Gas Compressors 🛡️ CADO, 123Carbon, and Assure SAF Registry Join Forces to Tackle SAF Integrity Gaps ✈️ ISCC, OMV, and Airbus Partner t...
-
Can Koloma Crack Iowa's Billion-Year-Old Secret?
Inside This Issue ⛏️ Iowa's Hydrogen Rush: Can Koloma Strike Gold Before Rules Kick In? ✈️ Bentley Commits to Use 100% Sustainable Aviation Fuel for Car Airfreight 🌬️ Minister Parrott Provides Upd...
Company Announcements
-
Green Hydrogen Without Forever Chemicals And Iridium
In the EU project SUPREME, an international research team with the participation of TU Graz is developing an electrolyser to produce green hydrogen more sustainably and efficiently. Green hydrogen...
-
Vancouver, BC, Canada, March 02, 2026 (GLOBE NEWSWIRE) -- Global Power Solutions Corp. (TSX Venture Exchange: PWER; Berlin and Frankfurt Stock Exchanges: NJA) (“Global Power” or the “Company”) is p...
-
Joint Statement By Prime Minister Carney And Prime Minister Modi
At the invitation of His Excellency Narendra Modi, Prime Minister of India, the Right Honourable Mark Carney, Prime Minister of Canada, paid an official visit to India from February 27 – March 2, ...
-
In a rapidly changing world, Canada is focused on what we can control. We are building our economic strength at home and diversifying our partnerships abroad. As the world's fastest-growing major e...