First Hydrogen Launches First Nuclear to Advance Clean Energy With SMRs
First Hydrogen Corp. (FHYDF) has launched its subsidiary, First Nuclear Corp., focusing on clean energy production through Small Modular Reactors (SMRs). The initiative aims to integrate advanced nuclear technology with green hydrogen production to support global decarbonization efforts.
The company highlights SMRs' advantages including compact design, scalability, and weather-independent power supply. According to IDTechEx, the global SMR market is projected to reach US$72.4 billion by 2033 and US$295 billion by 2043, with a 30% CAGR.
SMRs offer several benefits: they require less frequent refueling (every 3-7 years vs 1-2 years for conventional plants), feature enhanced safety systems, and can be manufactured off-site for faster deployment. The green hydrogen market, valued at US$2.5 billion in 2022, is expected to reach US$143.8 billion by 2032, growing at a 50.3% CAGR.
First Hydrogen Corp. (FHYDF) ha lanciato la sua controllata, First Nuclear Corp., con l'obiettivo di concentrarsi sulla produzione di energia pulita attraverso i Reattori Modulare di Piccole Dimensioni (SMR). L'iniziativa mira a integrare la tecnologia nucleare avanzata con la produzione di idrogeno verde per supportare gli sforzi globali di decarbonizzazione.
La società sottolinea i vantaggi degli SMR, tra cui un design compatto, scalabilità e fornitura di energia indipendente dalle condizioni atmosferiche. Secondo IDTechEx, si prevede che il mercato globale degli SMR raggiunga 72,4 miliardi di dollari USA entro il 2033 e 295 miliardi di dollari USA entro il 2043, con un tasso di crescita annuo composto (CAGR) del 30%.
Gli SMR offrono diversi vantaggi: richiedono rifornimenti meno frequenti (ogni 3-7 anni rispetto a 1-2 anni per gli impianti convenzionali), presentano sistemi di sicurezza avanzati e possono essere prodotti fuori sede per una distribuzione più rapida. Il mercato dell'idrogeno verde, valutato 2,5 miliardi di dollari USA nel 2022, è previsto raggiungere 143,8 miliardi di dollari USA entro il 2032, crescendo a un CAGR del 50,3%.
First Hydrogen Corp. (FHYDF) ha lanzado su subsidiaria, First Nuclear Corp., centrada en la producción de energía limpia a través de Reactores Modulares Pequeños (SMR). La iniciativa tiene como objetivo integrar la tecnología nuclear avanzada con la producción de hidrógeno verde para apoyar los esfuerzos de descarbonización global.
La empresa destaca las ventajas de los SMR, que incluyen un diseño compacto, escalabilidad y suministro de energía independiente del clima. Según IDTechEx, se proyecta que el mercado global de SMR alcanzará 72,4 mil millones de dólares estadounidenses para 2033 y 295 mil millones de dólares estadounidenses para 2043, con una tasa de crecimiento anual compuesta (CAGR) del 30%.
Los SMR ofrecen varios beneficios: requieren menos recargas (cada 3-7 años frente a 1-2 años para plantas convencionales), cuentan con sistemas de seguridad mejorados y pueden fabricarse fuera del sitio para una implementación más rápida. El mercado del hidrógeno verde, valorado en 2,5 mil millones de dólares estadounidenses en 2022, se espera que alcance 143,8 mil millones de dólares estadounidenses para 2032, creciendo a un CAGR del 50,3%.
퍼스트 수소 주식회사 (FHYDF)는 퍼스트 원자력 주식회사를 자회사로 설립하여 소형 모듈 원자로(SMR)를 통한 청정 에너지 생산에 집중하고 있습니다. 이 이니셔티브는 고급 원자력 기술과 녹색 수소 생산을 통합하여 전 세계의 탈탄소화 노력을 지원하는 것을 목표로 하고 있습니다.
회사는 SMR의 장점으로 컴팩트한 디자인, 확장성 및 날씨에 독립적인 전력 공급을 강조합니다. IDTechEx에 따르면, 글로벌 SMR 시장은 2033년까지 724억 달러에 이를 것으로 예상되며 2043년까지 2,950억 달러에 이를 것으로 전망됩니다, 연평균 성장률(CAGR)은 30%입니다.
SMR은 여러 가지 이점을 제공합니다: 연료 보급이 덜 빈번하게 필요하며(전통적인 발전소의 1-2년과 비교하여 3-7년마다), 향상된 안전 시스템을 갖추고 있으며, 더 빠른 배치를 위해 현장 외에서 제조될 수 있습니다. 2022년 25억 달러로 평가된 녹색 수소 시장은 2032년까지 1,438억 달러에 이를 것으로 예상되며, 연평균 성장률(CAGR)은 50.3%입니다.
First Hydrogen Corp. (FHYDF) a lancé sa filiale, First Nuclear Corp., axée sur la production d'énergie propre grâce à des Réacteurs Modulaires de Petite Taille (SMR). L'initiative vise à intégrer la technologie nucléaire avancée avec la production d'hydrogène vert pour soutenir les efforts de décarbonisation mondiaux.
L'entreprise met en avant les avantages des SMR, notamment leur conception compacte, leur évolutivité et leur approvisionnement en énergie indépendant des conditions climatiques. Selon IDTechEx, le marché mondial des SMR devrait atteindre 72,4 milliards de dollars américains d'ici 2033 et 295 milliards de dollars américains d'ici 2043, avec un taux de croissance annuel composé (CAGR) de 30%.
Les SMR offrent plusieurs avantages : ils nécessitent moins de ravitaillements (tous les 3-7 ans contre 1-2 ans pour les centrales conventionnelles), disposent de systèmes de sécurité améliorés et peuvent être fabriqués hors site pour un déploiement plus rapide. Le marché de l'hydrogène vert, évalué à 2,5 milliards de dollars américains en 2022, devrait atteindre 143,8 milliards de dollars américains d'ici 2032, avec une croissance d'un CAGR de 50,3%.
First Hydrogen Corp. (FHYDF) hat ihre Tochtergesellschaft First Nuclear Corp. gegründet, die sich auf die Produktion von sauberer Energie durch Kleine Modulare Reaktoren (SMR) konzentriert. Die Initiative zielt darauf ab, fortschrittliche Nukleartechnologie mit der Produktion von grünem Wasserstoff zu integrieren, um die globalen Dekarbonisierungsbemühungen zu unterstützen.
Das Unternehmen hebt die Vorteile von SMRs hervor, darunter kompaktes Design, Skalierbarkeit und wetterunabhängige Stromversorgung. Laut IDTechEx wird erwartet, dass der globale SMR-Markt bis 2033 72,4 Milliarden US-Dollar und bis 2043 295 Milliarden US-Dollar erreichen wird, mit einer jährlichen Wachstumsrate (CAGR) von 30%.
SMRs bieten mehrere Vorteile: Sie benötigen weniger häufige Betankungen (alle 3-7 Jahre im Vergleich zu 1-2 Jahren für herkömmliche Kraftwerke), verfügen über verbesserte Sicherheitssysteme und können außerhalb des Standorts hergestellt werden, um eine schnellere Bereitstellung zu ermöglichen. Der Markt für grünen Wasserstoff, der 2022 auf 2,5 Milliarden US-Dollar geschätzt wurde, wird voraussichtlich bis 2032 143,8 Milliarden US-Dollar erreichen und wächst mit einer CAGR von 50,3%.
- Integration of SMR technology positions company in two high-growth markets: SMRs (30% CAGR) and green hydrogen (50.3% CAGR)
- Expansion into nuclear sector through new subsidiary diversifies business model
- Enhancement of existing Hydrogen-as-a-Service (HAAS) offering with integrated energy solution
- Significant capital investment likely required for SMR development and deployment
- Early-stage initiative with no immediate revenue generation
- Regulatory challenges and lengthy approval processes associated with nuclear technology
Vancouver, British Columbia--(Newsfile Corp. - March 18, 2025) - First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT) ("FIRST HYDROGEN" or the "Company") announces the launch of its subsidiary, First Nuclear Corp., an initiative dedicated to advancing clean energy through the innovative use of Small Modular Reactors (SMRs). First Nuclear Corp. ("First Nuclear") aims to revolutionize green hydrogen production, supporting global decarbonization efforts and paving the way for a sustainable, zero-emission future.
Harnessing the Power of SMRs for Green Hydrogen
First Nuclear seeks to integrate advanced nuclear technology with green hydrogen production. SMRs, known for their compact design, scalability, and ability to provide a continuous, weather-independent power supply, are the cornerstone of this initiative. By leveraging SMRs, First Nuclear ensures a stable, cost-effective, and efficient process for producing green hydrogen, addressing the growing demand for clean energy solutions worldwide. IDTechEx anticipates the installation rate of SMRs to grow significantly addressing the climate crisis. They project the global market for SMRs to reach US
SMRs are much smaller than conventional reactors, they can be used on sites that are not suitable for traditional nuclear energy plants. The fact that they can be manufactured at a dedicated facility before being sent to site means they are much cheaper and faster to construct. Their modular structure means that a company can invest in one SMR and then add additional SMRs later to meet any increase in power demand. SMRs, particularly microreactors, can also be extremely useful in rural areas that are difficult to connect to the main grid.
SMRs are also extremely safe as their design is typically simpler than conventional reactors. They operate at low power and pressure, meaning no human intervention or external power or force is required to shut down systems, boosting safety margins. They require less fuel to power, and power plants based on SMRs only need to be refuelled every three to seven years, compared to every one to two years in conventional plants. All these benefits have made them extremely attractive to energy companies and startups looking to develop their nuclear power portfolio, as well as companies looking to power operations using clean energy sources.
Allied Market Research reported the green hydrogen market size was valued at US
A Synergistic Approach to Clean Energy
As part of the First Hydrogen family, First Nuclear will add to the Company's Hydrogen-as-a-Service (HAAS) model. This synergy enables the delivery of a comprehensive energy ecosystem, empowering businesses and communities to transition to hydrogen-powered solutions with ease. By combining cutting-edge nuclear technology with hydrogen production and distribution.
About First Hydrogen Corp. (FirstHydrogen.com)
First Hydrogen Corp. is a Vancouver, Montreal, Germany 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.
About First Nuclear Corp. (FirstNuclear.com)
First Nuclear Corp. is dedicated to pioneering the future of clean energy through the innovative use of Small Modular Reactors (SMRs). Our mission is to produce green hydrogen efficiently and sustainably, contributing to global decarbonization efforts.
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
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