Published by Todd Bush on October 12, 2023
MISSISSAUGA, Ontario, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Next Hydrogen Solutions Inc. (“Next Hydrogen”) (TSXV:NXH, OTC:NXHSF) is pleased to announce it has entered into a $7.7M agreement for a project involving a specialized nuclear application (the “Project”). Under the agreement, Next Hydrogen will conduct design engineering (Phase 1) and subsequently provide the electrolyser needed (Phase 2) for the Project. A $5M purchase order has been received for Phase 1 with a follow-on order of $2.7M planned for Phase 2 with electrolyser delivery expected to occur in 2025.
Raveel Afzaal, President and CEO of Next Hydrogen stated “We are very grateful to be awarded this project with blue-chip industry partners. Our unique, advanced electrolyser design is well suited to this important application and was successfully tested for the application in the past. This project will provide us with the resources to deliver and demonstrate a strong solution for an application with high growth potential, for example, in nuclear fusion demonstrations, while accelerating our product roadmap for large scale green hydrogen production. Operating our electrolyser in such a stringent application will provide an excellent reference point for our next generation high performance electrolysers.”
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. For further information: www.nexthydrogen.com
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🔋 Infinium Will Deploy Electric Hydrogen’s Electrolyzer Plant at Large-scale Efuels Facility in Texas 🌊 EQNR's North Sea Wells Indicate Strong Potential for Carbon Storage 🚢 Firs...
Inside This Issue 🌬️ Occidental and ADNOC’s XRG Agree to Evaluate Joint Venture to Develop South Texas Direct Air Capture Hub 🧪 Carbon Cell Raises £1.2M to Scale Production of Innovative Low-carbo...
Inside This Issue 🏭 Svante Launches World's First Commercial Gigafactory for Carbon Capture & Removal Filters ✈️ Alder Renewables and Bioénergie AECN Announce Project Avance: Unlocking Sustain...
Infinium Will Deploy Electric Hydrogen’s Electrolyzer Plant at Large-scale Efuels Facility in Texas
PECOS, Texas, May 19, 2025 (GLOBE NEWSWIRE) -- Electric Hydrogen, an American manufacturer of high-power electrolyzer plants, announced today that Infinium, a leading producer of commercial eFuels,...
First LNG Ship Bunkering Hub in US Gulf Coast Secures Permits to Start Work
Galveston LNG Bunker Port, as shown in this handout rendering, will be located on the Texas City Ship Channel in the Texas City industrial area. The small-scale LNG production facility will supply ...
EQNR's North Sea Wells Indicate Strong Potential for Carbon Storage
Equinor ASA EQNR, a Norwegian integrated energy company, has drilled two wells, namely 32/7-1 and 32/4-4, in the North Sea. The appraisal wells are located approximately 20 kilometers to the east o...
REV Exploration to Become First-Mover Targeting Natural Hydrogen in Alberta
VANCOUVER, BRITISH COLUMBIA - May 16, 2025 (NEWMEDIAWIRE) - REV Exploration Corp. ("REV" or the "Company") (TSXV: REVX), formerly Gitennes Exploration, is pleased to announce the Company is broaden...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.