First Hydrogen to Build Left-hand Drive FCEV for European Market
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).
First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) sta espandendo la sua portata globale sviluppando un modello a guida a sinistra del suo veicolo commerciale leggero a celle a combustibile alimentato a idrogeno verde (FCEV). Questa mossa segue prove di successo nel Regno Unito, dove il FCEV ha dimostrato capacità impressionanti in varie condizioni. Il nuovo modello mirerà a mercati negli Stati Uniti, Messico, Sud America e Europa, allineandosi con iniziative significative per l'idrogeno in queste regioni.
L'Unione Europea sta investendo molto in progetti sull'idrogeno, con 43 miliardi di euro approvati per oltre 120 progetti e ulteriori 200 milioni di euro per ecosistemi di idrogeno. Negli Stati Uniti, sono stati allocati 7 miliardi di dollari in sovvenzioni per hub di idrogeno, con la California che riceve 1,2 miliardi di dollari. Il FCEV di First Hydrogen ha mostrato vantaggi rispetto ai veicoli elettrici a batteria e ai veicoli a motore a combustione interna, in particolare nelle prestazioni in condizioni di freddo e nell'autonomia (630 km con un solo rifornimento).
First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) está ampliando su alcance global al desarrollar un modelo de conducción a la izquierda para su vehículo comercial ligero de celdas de combustible alimentado con hidrógeno verde (FCEV). Este movimiento sigue a pruebas exitosas en el Reino Unido, donde el FCEV demostró capacidades impresionantes en diversas condiciones. El nuevo modelo se dirigirá a mercados en los Estados Unidos, México, América del Sur y Europa, alineándose con iniciativas significativas de hidrógeno en estas regiones.
La Unión Europea está invirtiendo fuertemente en proyectos de hidrógeno, con 43 mil millones de euros aprobados para más de 120 proyectos y otros 200 millones de euros para ecosistemas de hidrógeno. En EE. UU., se han asignado 7 mil millones de dólares en subvenciones para hubs de hidrógeno, con California recibiendo 1,2 mil millones de dólares. El FCEV de First Hydrogen ha demostrado ventajas sobre los vehículos eléctricos de batería y los de motor de combustión interna, especialmente en rendimiento en clima frío y autonomía (630 km con un solo reabastecimiento).
퍼스트 수소 주식회사 (TSXV: FHYD) (OTC Pink: FHYDF)는 녹색 수소 연료 전지 경량 상업용 차량 (FCEV)의 좌측 핸드 드라이브 모델을 개발하여 글로벌 시장 범위를 확장하고 있습니다. 이번 조치는 영국에서의 성공적인 시험에 이어 진행되며, FCEV는 다양한 조건에서 인상적인 성능을 보여주었습니다. 새로운 모델은 미국, 멕시코, 남미 및 유럽의 시장을 목표로 하며, 이러한 지역에서의 중요한 수소 이니셔티브와 일치합니다.
유럽 연합은 430억 유로 승인으로 120개 이상의 수소 프로젝트에 대규모로 투자하고 있으며, 추가로 2억 유로를 수소 생태계에 할당했습니다. 미국에서는 70억 달러의 보조금이 수소 허브에 배정되었으며, 캘리포니아가 12억 달러를 받았습니다. 퍼스트 수소의 FCEV는 특히 추운 날씨에서의 성능과 연료 보급 한 번에 630km의 주행 거리에서 배터리 전기차 및 내연기관 차량에 비해 장점을 보여주었습니다.
First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) élargit son rayonnement mondial en développant un modèle de conduite à gauche de son véhicule utilitaire léger alimenté par hydrogène vert (FCEV). Cette démarche fait suite à des essais concluants au Royaume-Uni, où le FCEV a démontré des capacités impressionnantes dans diverses conditions. Le nouveau modèle ciblera les marchés des États-Unis, du Mexique, de l'Amérique du Sud et de l'Europe, s'alignant sur d'importantes initiatives en matière d'hydrogène dans ces régions.
L'Union européenne investit massivement dans des projets liés à l'hydrogène, avec 43 milliards d'euros approuvés pour plus de 120 projets et 200 millions d'euros supplémentaires pour des écosystèmes de l'hydrogène. Aux États-Unis, 7 milliards de dollars en subventions ont été alloués pour des hubs d'hydrogène, la Californie recevant 1,2 milliard de dollars. Le FCEV de First Hydrogen a montré des avantages par rapport aux véhicules électriques à batterie et aux moteurs à combustion interne, notamment en termes de performance par temps froid et d'autonomie (630 km avec un seul ravitaillement).
First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) erweitert seine globale Marktpräsenz durch die Entwicklung eines Linkslenkermodells seines mit grünem Wasserstoff betriebenen Brennstoffzellen-Nutzfahrzeugs (FCEV). Dieser Schritt folgt auf erfolgreiche Tests im Vereinigten Königreich, wo das FCEV beeindruckende Fähigkeiten unter verschiedenen Bedingungen demonstrierte. Das neue Modell wird sich auf Märkte in den Vereinigten Staaten, Mexiko, Südamerika und Europa konzentrieren, was mit bedeutenden Wasserstoffinitiativen in diesen Regionen übereinstimmt.
Die Europäische Union investiert stark in Wasserstoffprojekte, mit 43 Milliarden Euro genehmigt für über 120 Projekte und weiteren 200 Millionen Euro für Wasserstoffökosysteme. In den USA wurden 7 Milliarden Dollar an Zuschüssen für Wasserstoff-Hubs bereitgestellt, wobei Kalifornien 1,2 Milliarden Dollar erhält. Das FCEV von First Hydrogen weist insbesondere in Bezug auf die Leistung bei kaltem Wetter und die Reichweite (630 km bei einer Betankung) Vorteile gegenüber batteriebetriebenen und motorbetriebene Fahrzeugen auf.
- Successful completion of four FCEV trials in the UK, demonstrating strong performance in various conditions
- Expansion into left-hand drive markets, including US, Mexico, South America, and Europe
- FCEV showed no decrease in performance or range in colder temperatures, outperforming battery-electric vehicles
- Impressive range of 630 km (390 mi) on a single refueling
- Alignment with major hydrogen initiatives in EU and US markets
- None.
Vancouver, British Columbia--(Newsfile Corp. - July 24, 2024) - First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT) ("FIRST HYDROGEN" or the "Company") is pleased to report further to the four successful trials of the Company's green hydrogen-powered fuel cell light commercial vehicle (FCEV) in the U.K., the Company will be configuring a left-hand drive model expanding its global market reach. The left-hand drive FCEV will allow the Company to showcase the FCEV in the United States, Mexico, South America and, in particular, Europe. Currently, the European Union ("EU") is diversifying its energy sources and its dependence on fossil fuels. 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, as the EU strives to become the first climate-neutral continent by 2050. The Commission will intensify its cooperation with international partners on clean hydrogen deployment and the development of hydrogen markets. An additional €200 million invested by the Commission will be used to support hydrogen ecosystems in specific geographical areas, such as ports, industrial zones, airports, etc.), also known as hydrogen valleys.
In the United States, California is the first American state to launch a hydrogen hub, supported by funding from the United States Department of Energy (DOE) as part of the Biden Administration's program to finance seven hydrogen hubs across the U.S. The U.S. Administration announced seven regional hubs for hydrogen production that would receive US
The Company's FCEV completed four trials in the UK, that allowed the FCEV to operate in various real-world conditions. The FCEV demonstrated its' capability for demanding duties, such as carrying heavier payloads, towing and powering auxiliary equipment (onboard power). There was no decrease in vehicle performance or range when operating in colder temperatures. Drivers from the trials noted the FCEV's drivability ease, quick refueling, and range (630 km / 390 mi, on a single refueling). The trials also provided the Company with data to compare hydrogen-powered fuel cells versus battery-electric vehicles and internal combustion engine vehicles.
Balraj Mann, Group CEO of First Hydrogen, commented, "We are excited to show markets the advantages of a hydrogen-power-fuel-cell vehicle. During the Wales and West Utilities trial, in wintery conditions, we were able to demonstrate our FCEV was able to sustain performance levels, while with a battery electric vehicle there is a loss of performance the colder the weather. Green hydrogen provides sustainability and zero emission reducing the carbon footprint and contributing to decarbonization goals. Our FCEVs utilizing green hydrogen will be greenhouse gas emission-free, with the only byproduct being water. We are trying to do our part for a zero-emission future."
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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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