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
-
Which Texas Project Got Verra’s First CCS Credits?
Inside This Issue ✅ Verra Approves First Credits Under CCS Methodology ⚡ Houston-Based Transition Industries Signs EPC Deal for 210 MW Electrolyzer at Pacifico Mexinol 🏗️ Investing in Wyoming’s In...
-
CRC Vows to Fight Kern County CCS Ruling
Inside This Issue ⚖️ Court Sets Aside Kern County Approval of California’s First Carbon Storage Project, Carbon TerraVault I 🌲 The Integrity Council Approves Methodologies for Coal Transition and ...
-
400 Tons of Hydrogen Daily to Power Data Centers
Inside This Issue ⚡ HDF Energy Selects Topsoe for 250 MW Power Plant in Texas 🍁 Deep Conduit Signature Identified Near Lawson 4 Expands Commercial Potential of Canada’s First Subsurface Natural Hy...
Company Announcements
-
Verra Approves First Credits Under CCS Methodology
WASHINGTON – Nov. 6, 2026 | Verra has approved the first carbon credits under its carbon capture and storage (CCS) methodology for a project in northern Texas. Credits can now be issued to the Barn...
-
MMEX Resources Announces TCEQ Air Authorization for UltraClean Refinery North
30,000-barrel-per-day facility marks second permitting milestone for West Texas refining development with planned combined capacity of 60,000 barrels per day MMEX Resources Corporation (MMEX:OTCPK...
-
Calumet Announces CMR Asset Lease Details and Revised Agreement with Warburg Pincus
INDIANAPOLIS, Nov. 5, 2026 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet," "we," "our," "the company," or "us") today announced two transactions designed to support the continued developme...
-
Brutus Mining to Acquire the Bay of Islands Hydrogen Project
VANCOUVER, British Columbia, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Brutus Mining Inc. (“Brutus” or the “Company”) (CSE: BRU) (FSE: ZI3) is pleased to announce it has entered into a Property Option Agre...