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FIRST HYDROGEN CORP - FHYDF STOCK NEWS

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First Hydrogen Corp., also known as FIRST HYDROGEN, is a Vancouver, Montreal, and London-based company focusing on zero-emission vehicles, green hydrogen production, and distribution. The company has partnered with AVL Powertrain and Ballard Power Systems Inc. to design and build hydrogen-fuel-cell-powered light commercial vehicles (FCEVs) with a range of over 630 kilometers. First Hydrogen is actively trialing these vehicles with fleet operators in the United Kingdom and is in the process of developing a 35MW green hydrogen production facility and vehicle assembly factory in Shawinigan, Quebec. The company recently completed a successful trial with Amazon, showcasing the performance and efficiency of its FCEVs in real-world conditions, leading to plans for expansion into Europe and North America.

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First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT) announces its European expansion plans, starting with an office in Germany. The company has engaged international firms to support this expansion, focusing on renewable energy development, infrastructure construction, M&A, and fundraising. Germany's commitment to green hydrogen aligns with First Hydrogen's goals for its hydrogen-powered fuel-cell light commercial vehicles (FCEVs).

Germany's hydrogen strategy includes a planned 9,700 km hydrogen highway and 17 'Hydrogen Valleys'. The European Commission has approved four waves of hydrogen Integrated Projects of Common European Interest (IPCEIs), aiming to raise €43 billion for over 120 projects. First Hydrogen brings its FCEV technology, which has been successfully trialed in UK fleet operations.

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First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) is expanding its global market reach by developing a left-hand drive model of its green hydrogen-powered fuel cell light commercial vehicle (FCEV). This move follows successful trials in the UK, where the FCEV demonstrated impressive capabilities in various conditions. The new model will target markets in the United States, Mexico, South America, and Europe, aligning with significant hydrogen initiatives in these regions.

The European Union is investing heavily in hydrogen projects, with €43 billion approved for over 120 projects and an additional €200 million for hydrogen ecosystems. In the US, $7 billion in grants have been allocated for hydrogen hubs, with California receiving $1.2 billion. First Hydrogen's FCEV has shown advantages over battery-electric and internal combustion engine vehicles, particularly in cold weather performance and range (630 km on a single refueling).

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First Hydrogen Corp. (FHYDF) welcomes the UK government's £500 million initiative to boost the green hydrogen sector. This funding aims to enhance the UK's hydrogen production capacity and make it a global leader. A recent study suggests Germany will need to import up to 100 TWh of green hydrogen annually by the mid-2030s.

First Hydrogen has successfully trialed its hydrogen-powered fuel cell light commercial vehicle (FCEV) for demanding tasks, showing no performance loss even in cold temperatures. The company has established a hydrogen ecosystem, positioning itself to leverage Europe's green hydrogen transition.

Additionally, First Hydrogen has closed the first tranche of its private placement, raising $540,000 through convertible debenture units. The proceeds will be used for working capital and general corporate purposes.

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First Hydrogen Corp. has provided an update on its expansion plans in North America, South America, and Europe, following the success of its hydrogen-powered fuel cell light commercial vehicle (FCEV) trials in the UK. In Quebec, the company plans to build a vehicle assembly facility and green hydrogen production plant to produce up to 25,000 vehicles annually. In Mexico, discussions are ongoing with major industrial fleet operators to convert their fleets to FCEVs and establish a hydrogen refueling infrastructure.

In Europe, First Hydrogen is looking to expand into Germany and other areas, capitalizing on the EU's RePowerEU plan and the European Investment Bank's funding priorities. In South America, the company is targeting opportunities in Peru and Chile, with Chile aiming to become a leading hydrogen producer by 2030.

The company's FCEV trials showed positive results, with vehicles maintaining performance in cold weather and achieving a range of 630 km per refueling. First Hydrogen is working on establishing partnerships to advance its hydrogen ecosystem, including collaborations in North America.

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First Hydrogen has announced a significant milestone with its hydrogen-powered fuel-cell vehicle (FCEV) successfully completing a trial with Amazon in London.

The FCEV covered 535 km, delivered 3,462 packages, and made 1,547 stops during 8-10 hour shifts. Based on trial data, the projected range is 397 km, which could improve to over 450 km with further enhancements.

The trial provided valuable telematics data for analysis, which will be used to refine the vehicle's predictive software, pedal controller settings, and operational modes. First Hydrogen plans to expand trials to Europe and North America, leveraging its hydrogen-as-a-service model (HASS).

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First Hydrogen Corp. has announced the successful completion of a trial of its hydrogen-powered fuel cell vehicle (FCEV) with Amazon in London, UK. The FCEV covered 535 km (332 miles) and delivered 3,462 packages with 1,547 stops over 8-10 hour shifts. Amazon confirmed the vehicle's satisfactory performance, highlighting its potential for frequent stops and long operational hours.

Based on collected telematics data, the projected range under these conditions is 397 km (247 miles), with engineers aiming to improve it to over 450 km (280 miles) through design and AI enhancements. The trial provided valuable data on driver behavior and energy efficiency, which will aid further development of the FCEV. Building on this success, First Hydrogen plans to expand trials to Europe and North America.

Key improvements include predictive software for route optimization, pedal controller tuning for different driving conditions, and a new operation mode to lower energy consumption during stops. These advancements aim to enhance vehicle efficiency and performance.

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First Hydrogen has signed a non-binding letter of intent (LOI) to secure e-Vans from a large German automotive manufacturer. These e-Vans will integrate First Hydrogen's fuel cell powertrain, leveraging the manufacturer’s engineering and certification support. This move aims to deliver hydrogen-powered commercial vehicles to fleet operators soon.

Recent trials of the company's FCEV in London with a multinational logistics firm showed promising results, operating over 8 hours daily with multiple deliveries per hour, achieving a peak range of 630 km on a single refuel. CEO Balraj Mann highlighted the collaboration’s potential to expand into the North American market, following successful trials in the UK.

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First Hydrogen Corp. has signed a non-binding letter-of-intent (LOI) to secure a supply of e-Vans from a large German multinational automotive manufacturer. The company's hydrogen-fuel-cell powertrain will be integrated into these German-branded vans.

This integration will involve access to engineering, technical support, and certification from the vehicle manufacturer. The goal is to offer fleet operators customized hydrogen-powered light commercial vehicles soon.

First Hydrogen's fuel cell electric vehicles (FCEVs) recently completed successful trials in London with a major logistics company. The FCEVs operated for over 8 hours daily, handling multiple deliveries per hour and demonstrating a peak range of 400 miles on a single refuel. These trials underscore the vehicles' capability to handle demanding tasks such as carrying heavy loads and driving on challenging terrains.

The company's CEO, Balraj Mann, highlighted that this collaboration aids in bringing FCEVs to the North American market, building on interest from both the UK and North America.

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First Hydrogen has announced positive progress in their fourth hydrogen fuel cell vehicle (FCEV) trial. The trial, which started earlier in the month, is on track and a detailed report is expected soon. Additionally, the company is collaborating with several firms from a recent event and engaging with a major industrial fleet operator in Mexico to upgrade fleets to hydrogen fuel cells and establish a comprehensive hydrogen refueling infrastructure.

Mexico's hydrogen industry is expanding, with around 15 projects worth $20 billion USD in development, potentially adding nearly 7 GW of green hydrogen. First Hydrogen's FCEVs have demonstrated strong performance, achieving outputs of 60kW and a range of 630 km, suitable for demanding tasks.

Moreover, First Hydrogen has partnered with Martin City Studios to produce and air audio interviews featuring their senior management on multiple platforms. The cost for these services is $6,500 USD.

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First Hydrogen Corp. has successfully completed three vehicle trials with their hydrogen-fuel-cell-powered vehicle and has now started trials with a multinational logistics company for parcel deliveries. The company has demonstrated the efficiency and performance of their fuel cell technology in trials, showcasing extended range, scalability, energy efficiency, and reduced carbon footprint. The parcel delivery market is growing rapidly, with increasing demand for zero-emission technologies like hydrogen fuel cells. First Hydrogen's FCEVs offer a sustainable solution for businesses looking to reduce emissions and operational costs, while improving energy efficiency and performance.

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FAQ

What is the current stock price of FIRST HYDROGEN (FHYDF)?

The current stock price of FIRST HYDROGEN (FHYDF) is $0.29765 as of October 15, 2024.

What is the market cap of FIRST HYDROGEN (FHYDF)?

The market cap of FIRST HYDROGEN (FHYDF) is approximately 21.4M.

What is First Hydrogen Corp. focused on?

First Hydrogen Corp. is focused on zero-emission vehicles, green hydrogen production, and distribution.

What are some of the key partnerships of First Hydrogen Corp.?

First Hydrogen Corp. has partnered with AVL Powertrain and Ballard Power Systems Inc. to design and build hydrogen-fuel-cell-powered light commercial vehicles (FCEVs).

Where are the hydrogen-fuel-cell-powered vehicles being trialed?

The vehicles are being trialed with fleet operators in the United Kingdom.

What plans does First Hydrogen Corp. have for expansion?

First Hydrogen Corp. plans to expand its trials to Europe and North America after showcasing the success of its FCEVs in real-world conditions.

What is the range of the hydrogen-fuel-cell-powered light commercial vehicles?

The FCEVs have a range of over 630 kilometers, making them suitable for various commercial applications.

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