First Hydrogen Targets European Expansion
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.
First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT) annuncia i suoi piani di espansione in Europa, partendo con un ufficio in Germania. L'azienda ha coinvolto società internazionali per supportare questa espansione, concentrandosi sullo sviluppo delle energie rinnovabili, costruzione di infrastrutture, fusioni e acquisizioni, e raccolta fondi. L'impegno della Germania per l'idrogeno verde è allineato con gli obiettivi di First Hydrogen per i suoi veicoli commerciali leggeri a celle a combustibile alimentati a idrogeno (FCEV).
La strategia idrogeno della Germania include la pianificazione di un'autostrada per l'idrogeno di 9.700 km e 17 'Valli dell'Idrogeno'. La Commissione Europea ha approvato quattro ondate di Progetti Integrati di Interesse Comune Europeo (IPCEIs) per raccogliere €43 miliardi per oltre 120 progetti. First Hydrogen porta la sua tecnologia FCEV, che è stata testata con successo nelle operazioni della flotta nel Regno Unito.
First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT) anuncia sus planes de expansión en Europa, comenzando con una oficina en Alemania. La empresa ha comprometido firmas internacionales para apoyar esta expansión, enfocándose en el desarrollo de energías renovables, construcción de infraestructuras, fusiones y adquisiciones, y recaudación de fondos. El compromiso de Alemania con el hidrógeno verde se alinea con los objetivos de First Hydrogen para sus vehículos comerciales ligeros con celdas de combustible a hidrógeno (FCEV).
La estrategia de hidrógeno de Alemania incluye una autopista de hidrógeno planificada de 9,700 km y 17 'Valles de Hidrógeno'. La Comisión Europea ha aprobado cuatro olas de Proyectos Integrados de Interés Común Europeo (IPCEIs), con el objetivo de recaudar €43 mil millones para más de 120 proyectos. First Hydrogen aporta su tecnología FCEV, que ha sido probada con éxito en las operaciones de flota en el Reino Unido.
퍼스트 수소 주식회사(First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT))는 독일에 사무소를 두고 시작하는 유럽 확장 계획을 발표했습니다. 이 회사는 재생 가능 에너지 개발, 인프라 건설, 인수 합병 및 자금 모금을 지원하기 위해 국제 기업과 협력하고 있습니다. 독일의 친환경 수소에 대한 약속은 퍼스트 수소의 수소 연료전지 경량 상용차(FCEV) 목표와 일치합니다.
독일의 수소 전략은 9,700km의 수소 고속도로와 17개의 '수소 밸리'를 계획하고 있습니다. 유럽연합 집행위원회는 120개 이상의 프로젝트를 위해 430억 유로를 모금하기 위해 네 차례의 수소 통합 프로젝트(IPCEIs)를 승인했습니다. 퍼스트 수소는 영국의 플릿 운영에서 성공적으로 시험된 FCEV 기술을 제공합니다.
First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT) annonce ses plans d'expansion en Europe, en commençant par un bureau en Allemagne. L'entreprise a engagé des entreprises internationales pour soutenir cette expansion, en mettant l'accent sur le développement des énergies renouvelables, la construction d'infrastructures, les fusions-acquisitions et la collecte de fonds. L'engagement de l'Allemagne envers l'hydrogène vert est en accord avec les objectifs de First Hydrogen pour ses véhicules commerciaux légers à hydrogène à piles à combustible (FCEV).
La stratégie hydrogène de l'Allemagne comprend une autoroute de l'hydrogène planifiée de 9 700 km et 17 'Vallées de l'Hydrogène'. La Commission européenne a approuvé quatre vagues de Projets Intégrés d'Intérêt Commun Européen (IPCEIs), visant à lever 43 milliards d'euros pour plus de 120 projets. First Hydrogen apporte sa technologie FCEV, qui a été testée avec succès dans les opérations de flotte au Royaume-Uni.
First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT) gibt seine Europäischen Expansionspläne bekannt, beginnend mit einem Büro in Deutschland. Das Unternehmen hat internationale Firmen engagiert, um diese Expansion zu unterstützen, mit einem Fokus auf die Entwicklung erneuerbarer Energien, den Bau von Infrastrukturen, Fusionen und Übernahmen sowie Fundraising. Deutschlands Engagement für grünen Wasserstoff steht im Einklang mit den Zielen von First Hydrogen für seine wasserstoffbetriebenen Brennstoffzellen-Nutzfahrzeuge (FCEVs).
Die Wasserstoffstrategie Deutschlands umfasst eine geplante Wasserstoffautobahn von 9.700 km und 17 'Wasserstofftäler'. Die Europäische Kommission hat vier Wellen von Wasserstoff-Integrierten Projekten von gemeinsamem europäischem Interesse (IPCEIs) genehmigt, mit dem Ziel, 43 Milliarden Euro für über 120 Projekte aufzubringen. First Hydrogen bringt seine FCEV-Technologie ein, die erfolgreich im Fuhrparkbetrieb im Vereinigten Königreich getestet wurde.
- Expansion into the European market, starting with Germany
- Alignment with Germany's national hydrogen strategy and infrastructure plans
- Potential access to €43 billion in European funding for hydrogen projects
- Successful trials of FCEVs in UK fleet operations
- Granting of 2,050,000 stock options at $0.40 per share, potentially diluting existing shareholders
Vancouver, British Columbia--(Newsfile Corp. - September 9, 2024) - First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT) ("FIRST HYDROGEN" or the "Company") is pleased to provide an update on its European expansion. The Company has engaged several international firms with expertise in renewable energy development, infrastructure construction, mergers & acquisitions and fundraising to support the expansion. First Hydrogen will initially establish an office in Germany, a country known for its expertise in precision, efficiency and advanced technology along with major auto manufacturing (Volkswagen, Mercedes-Benz, BMW, Audi) which aligns with the Company's goal of adding its' hydrogen-powered-fuel-cell light commercial vehicle ("FCEV") to the hydrogen ecosystem.
In 2020, Germany declared a national hydrogen strategy and committed to sustainably producing green hydrogen as its main energy carrier of the future. In late 2023, Germany drafted new hydrogen legislation setting guidelines for a hydrogen highway that will span 9,700 kilometres utilizing existing natural gas infrastructure; this compares to the autobahn highways, which run 13,000 kilometres across Germany. Currently, there are 17 hydrogen hubs, also known as "Hydrogen Valleys", operational, under construction or in the planning stages in Germany. These Hydrogen Valleys consist of production, storage, end-use, and connective infrastructure to build and operate a fully functioning, regional clean hydrogen ecosystem along the hydrogen highway.
Developing a hydrogen economy is critical for Europe to reach its 2050 Net Zero target. The European Commission (the "Commission") has approved four waves of hydrogen Integrated Projects of Common European Interest ("IPCEIs"), aiming to raise €43 billion to support more than 120 projects involving approximately 100 European companies. The projects cover the hydrogen ecosystem from production, import, transportation, and end-use.
Balraj Mann, Group CEO of First Hydrogen, commented, "Europe has shown a strong commitment to move away from their reliance on fossil fuels to clean hydrogen. Countries such as Germany have granted €4.6 billion in funding to hydrogen projects as part of the IPCEI protocol. First Hydrogen brings to Germany our hydrogen-powered-fuel-cell vehicles, we were first to the market with successful trials with various fleet operations in the UK. Additional developments will be announced in due course."
Grant of Stock Options
The Company announces the granting of 2,050,000 incentive stock options to directors, officers and consultants of the company with an exercise price of
The Future with Zero Emission
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First Hydrogen FCEV
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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. First Hydrogen is also developing a 35MW green hydrogen production facility and vehicle assembly factory in Shawinigan, Quebec.
On behalf of the Board of Directors of
FIRST HYDROGEN CORP.
"Balraj Mann"
Chairman & Group CEO
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; and conflicts of interest.
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
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