First Hydrogen Establishes First Hydrogen GmbH
First Hydrogen Corp. (FHYDF) has announced the incorporation of its wholly-owned German subsidiary, First Hydrogen GmbH, marking its strategic expansion into the European market. This move aligns with Germany's renewable energy initiatives and hydrogen technology leadership.
The expansion comes as Germany implements a €500-billion special infrastructure fund and adopts a new hydrogen import strategy to meet projected demand of 95-130 TWh by 2030, with imports expected to cover 50-70% of needs. The country has approved plans for a €19 billion, 9,040-kilometer hydrogen network to be operational by 2032.
First Hydrogen plans to provide green hydrogen supply, including the application of small modular nuclear reactors (SMRs). The company is evaluating innovative SMR technologies, noting that nuclear energy has received a green label under EU taxonomy, producing significantly lower CO2 emissions compared to traditional energy sources.
First Hydrogen Corp. (FHYDF) ha annunciato l'incorporazione della sua controllata tedesca, First Hydrogen GmbH, segnando la sua espansione strategica nel mercato europeo. Questa mossa è in linea con le iniziative di energia rinnovabile della Germania e la leadership nella tecnologia dell'idrogeno.
L'espansione avviene mentre la Germania implementa un fondo speciale per le infrastrutture da 500 miliardi di euro e adotta una nuova strategia di importazione di idrogeno per soddisfare la domanda prevista di 95-130 TWh entro il 2030, con le importazioni che si prevede coprano il 50-70% dei bisogni. Il paese ha approvato piani per una rete di idrogeno da 19 miliardi di euro e 9.040 chilometri che sarà operativa entro il 2032.
First Hydrogen prevede di fornire approvvigionamento di idrogeno verde, inclusa l'applicazione di piccoli reattori nucleari modulari (SMR). L'azienda sta valutando tecnologie innovative per gli SMR, notando che l'energia nucleare ha ricevuto un'etichetta verde secondo la tassonomia dell'UE, producendo emissioni di CO2 significativamente inferiori rispetto alle fonti di energia tradizionali.
First Hydrogen Corp. (FHYDF) ha anunciado la incorporación de su filial alemana de propiedad total, First Hydrogen GmbH, marcando su expansión estratégica en el mercado europeo. Este movimiento se alinea con las iniciativas de energía renovable de Alemania y su liderazgo en tecnología de hidrógeno.
La expansión se produce mientras Alemania implementa un fondo especial de infraestructura de 500 mil millones de euros y adopta una nueva estrategia de importación de hidrógeno para satisfacer la demanda proyectada de 95-130 TWh para 2030, con importaciones que se espera cubran el 50-70% de las necesidades. El país ha aprobado planes para una red de hidrógeno de 19 mil millones de euros y 9,040 kilómetros que estará operativa para 2032.
First Hydrogen planea proporcionar suministro de hidrógeno verde, incluida la aplicación de pequeños reactores nucleares modulares (SMR). La empresa está evaluando tecnologías innovadoras de SMR, señalando que la energía nuclear ha recibido una etiqueta verde bajo la taxonomía de la UE, produciendo emisiones de CO2 significativamente más bajas en comparación con las fuentes de energía tradicionales.
퍼스트 수소 주식회사 (FHYDF)는 독일 자회사인 퍼스트 수소 GmbH의 설립을 발표하며 유럽 시장으로의 전략적 확장을 알렸습니다. 이 조치는 독일의 재생 에너지 이니셔티브 및 수소 기술 리더십과 일치합니다.
이번 확장은 독일이 5천억 유로 규모의 특별 인프라 기금을 시행하고 2030년까지 95-130 TWh의 예상 수요를 충족하기 위해 새로운 수소 수입 전략을 채택하는 가운데 이루어졌으며, 수입이 필요의 50-70%를 충당할 것으로 예상됩니다. 이 나라는 2032년까지 운영될 190억 유로 규모의 9,040킬로미터 수소 네트워크 계획을 승인했습니다.
퍼스트 수소는 소형 모듈 원자로(SMR)의 적용을 포함하여 녹색 수소 공급을 제공할 계획입니다. 이 회사는 SMR의 혁신적인 기술을 평가하고 있으며, 원자력이 EU 분류법에 따라 녹색 라벨을 받았으며 전통적인 에너지원에 비해 CO2 배출량이 현저히 낮다는 점을 강조하고 있습니다.
First Hydrogen Corp. (FHYDF) a annoncé la création de sa filiale allemande à 100 %, First Hydrogen GmbH, marquant son expansion stratégique sur le marché européen. Ce mouvement s'inscrit dans le cadre des initiatives allemandes en matière d'énergie renouvelable et de leadership en technologie de l'hydrogène.
Cette expansion intervient alors que l'Allemagne met en œuvre un fonds spécial d'infrastructure de 500 milliards d'euros et adopte une nouvelle stratégie d'importation d'hydrogène pour répondre à une demande projetée de 95-130 TWh d'ici 2030, avec des importations censées couvrir 50-70 % des besoins. Le pays a approuvé des plans pour un réseau d'hydrogène de 19 milliards d'euros et de 9 040 kilomètres qui sera opérationnel d'ici 2032.
First Hydrogen prévoit de fournir un approvisionnement en hydrogène vert, y compris l'application de petits réacteurs nucléaires modulaires (SMR). L'entreprise évalue des technologies SMR innovantes, notant que l'énergie nucléaire a reçu une étiquette verte selon la taxonomie de l'UE, produisant des émissions de CO2 significativement inférieures par rapport aux sources d'énergie traditionnelles.
First Hydrogen Corp. (FHYDF) hat die Gründung ihrer hundertprozentigen Tochtergesellschaft in Deutschland, First Hydrogen GmbH, bekannt gegeben, was die strategische Expansion in den europäischen Markt markiert. Dieser Schritt entspricht den Initiativen Deutschlands für erneuerbare Energien und seiner Führungsrolle in der Wasserstofftechnologie.
Die Expansion erfolgt, während Deutschland einen 500-Milliarden-Euro-Sonderfonds für Infrastruktur umsetzt und eine neue Wasserstoff-Importstrategie annimmt, um die prognostizierte Nachfrage von 95-130 TWh bis 2030 zu decken, wobei Importen voraussichtlich 50-70% des Bedarfs abdecken werden. Das Land hat Pläne für ein 19-Milliarden-Euro, 9.040 Kilometer langes Wasserstoffnetz genehmigt, das bis 2032 in Betrieb genommen werden soll.
First Hydrogen plant, grünen Wasserstoff anzubieten, einschließlich der Anwendung kleiner modularer Kernreaktoren (SMRs). Das Unternehmen bewertet innovative SMR-Technologien und stellt fest, dass die Kernenergie gemäß der EU-Taxonomie ein grünes Label erhalten hat und im Vergleich zu herkömmlichen Energiequellen deutlich geringere CO2-Emissionen erzeugt.
- Strategic expansion into German market through new subsidiary establishment
- Access to €500-billion German infrastructure fund opportunity
- Alignment with EU's green taxonomy and nuclear energy recognition
- Potential participation in Germany's €19 billion hydrogen network project
- Heavy dependence on future government infrastructure development
- SMR technology still in evaluation phase, not yet implemented
- Will face competition in meeting Germany's significant import demands
Vancouver, British Columbia--(Newsfile Corp. - March 10, 2025) - First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT) ("FIRST HYDROGEN" or the "Company") is pleased to announce the incorporation of its wholly-owned German subsidiary, First Hydrogen GmbH. The establishment of First Hydrogen GmbH is part of the Company's strategy to expand its presence into the European market and capitalize on the region's growing demand for clean energy solutions. Establishing First Hydrogen GmbH aligns with the Company's broader strategy to leverage Germany's and the European Union's ("EU") leadership in renewable energy and hydrogen technologies. Green hydrogen will be one of Germany's solutions for decarbonizing hard-to-abate sectors like heavy industry and achieving its climate goals.
Parties in talks to form Germany's new government agreed to create a €500-billion special fund to boost the country's infrastructure. Germany has made significant investments in hydrogen infrastructure and a strong policy framework supporting the adoption of green hydrogen. Current domestic production alone cannot meet the country's hydrogen demand, prompting the government to adopt a new import strategy last month. This strategy aims to secure a stable, diversified supply of hydrogen and its derivatives, such as ammonia and methanol, to address an estimated 50 to 70 percent of Germany's projected demand of 95 to 130 terawatt hours (TWh) by 2030. The plan includes expanding import pipelines, shipping infrastructure, and fostering partnerships with exporting countries (newclimate.org).
First Hydrogen's initiative will be to provide a stable, scalable and cost-effective supply of green hydrogen including the application of small modular nuclear reactors ("SMRs"). The Company is evaluating new innovative SMR technologies that meets the company's objectives. The European Union has recognized nuclear with a green label under its taxonomy. Under the EU green taxonomy, European investments will be directed towards activities considered to be sustainable and contribute to climate change. Nuclear energy is an essential component of the decarbonization strategy of countries around the world as it produces low CO2 levels (70 times less CO2 than coal; 40 times less than gas; 4 times less than solar energy; 2 times less than hydroelectricity; and the same amount as wind energy) (Green Label).
Balraj Mann, CEO of First Hydrogen commented, "Germany has approved plans for a €19 billion, 9,040-kilometer hydrogen network, set to be fully operational by 2032. This core network will connect industrial hubs, such as steel producers, aiming to decarbonize. SMRs offer the flexibility of producing green hydrogen and have the ability to supply electricity, at a low cost."
About First Hydrogen Corp. (FirstHydrogen.com)
First Hydrogen Corp. is a Vancouver, Montreal and London UK-based company focused on zero-emission vehicles, green hydrogen production and distribution. The Company has designed and built two hydrogen- fuel-cell-powered light commercial vehicles ("FCEV"). The FCEV are road-legal in the United Kingdom (excluding Northern Ireland) with 6,000 km of testing completed and have achieved a range of 630+ kilometres on a single refueling. The vehicles have successfully been trialled in real-world conditions with fleet operators in the United Kingdom.
On behalf of the Board of Directors of
FIRST HYDROGEN CORP.
"Balraj Mann"
Chairman & Chief Executive Officer
Contact:
Balraj Mann
First Hydrogen Corp.
604-601-2018
investors@firsthydrogen.com
Cautionary Note Regarding Forward-Looking Statements This news release contains information or statements that constitute "forward-looking statements." Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward looking information may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, milestones, strategies and outlook of First Hydrogen, and includes statements about, among other things, future developments and the future operations, strengths and strategies of First Hydrogen. Forward-looking information is provided for the purpose of presenting information about management's current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. These statements should not be read as guarantees of future performance or results.
The forward-looking statements made in this news release are based on management's assumptions and analysis and other factors that may be drawn upon by management to form conclusions and make forecasts or projections, including management's experience and assessments of historical trends, current conditions and expected future developments. Although management believes that these assumptions, analyses and assessments are reasonable at the time the statements contained in this news release are made, actual results may differ materially from those projected in any forward-looking statements. Examples of risks and factors that could cause actual results to materially differ from forward-looking statements may include: the timing and unpredictability of regulatory actions; regulatory, legislative, legal or other developments with respect to its operations or business; limited marketing and sales capabilities; early stage of the industry and product development; limited products; reliance on third parties; unfavourable publicity or consumer perception; general economic conditions and financial markets; the impact of increasing competition; the loss of key management personnel; capital requirements and liquidity; access to capital; the timing and amount of capital expenditures; the impact of COVID-19; shifts in the demand for First Hydrogen's products and the size of the market; patent law reform; patent litigation and intellectual property; conflicts of interest; and general market and economic conditions.
The forward-looking information contained in this news release represents the expectations of First Hydrogen as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. First Hydrogen undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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FAQ
What is First Hydrogen's (FHYDF) expansion strategy in Germany?
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