FIRST HYDROGEN CORP - FHYDF STOCK NEWS

First Hydrogen Corp. has signed a feasibility study agreement with Sacré-Davey for the development of a 35MW green hydrogen production facility and vehicle assembly factory in Shawinigan, Quebec. The facility will supply the Company's hydrogen-fuel-cell-powered vehicles (FCEV) and other hydrogen-fueled vehicles in the region. The planned FCEV assembly factory will have an annual production capacity of 25,000 vehicles and will create green technology jobs. The green hydrogen market is projected to reach USD 7,314 million by 2027, growing at a CAGR of 61% from 2022 to 2027.

First Hydrogen Corp. has entered into a letter of intent with the Université du Québec à Trois-Rivières (UQTR) - Hydrogen Research Institute (HRI) to establish sustainable energy transition development in Quebec. The company will provide a hybrid fuel cell power train to HRI for testing and data collection. They will also collaborate on a training program for engineers and technicians. First Hydrogen recently purchased land to produce green hydrogen and assemble vehicles in Shawinigan. The partnership aims to drive innovation in hydrogen fuel cell technology and solidify Quebec's position as a leader in the field.

First Hydrogen Corp. has appointed Carlo Alberto D'Amicis as the new Chief Financial Officer of First Hydrogen Limited to aid in its growth within the automotive and energy sectors. D'Amicis, previously with RHI Magnesita, brings extensive experience in corporate finance and mergers. His role will focus on delivering hydrogen-powered light commercial vehicles and establishing green hydrogen production sites. The company is advancing toward zero-emission transport solutions, aligning with increasing governmental and investor interest in hydrogen technology.

First Hydrogen Corp. has extended its consulting relationship with FEV Group to enhance the technology strategy for its bespoke hydrogen fuel cell-powered light commercial vehicles (LCV). This collaboration will focus on product specifications and advanced functionalities. The UK government aims to double hydrogen production by 2030, with First Hydrogen planning up to four production sites, targeting an initial capacity of 80 MW to 160 MW. The company seeks to contribute to climate initiatives through its vehicle designs and hydrogen production efforts.