Next Hydrogen provides update on working capital debt financing
Next Hydrogen Solutions, a designer and manufacturer of electrolyzers, has received a Letter of Interest from Export Development Canada (EDC) for potential working capital debt financing of up to $5M. The financing is subject to EDC's satisfactory completion of technical, environmental, social and governance (ESG), financial and commercial due diligence. The company emphasizes significant export potential for their innovative electrolyzers, noting that 75% of the world GDP has policies supporting hydrogen economy growth for decarbonization of hard-to-abate sectors.
Next Hydrogen Solutions, un progettista e produttore di elettrolizzatori, ha ricevuto una Lettera di Interesse da parte di Export Development Canada (EDC) per un potenziale finanziamento in debito di capitale circolante fino a 5 milioni di dollari. Il finanziamento è soggetto al completamento soddisfacente da parte dell'EDC di due diligence tecnica, ambientale, sociale e di governance (ESG), finanziaria e commerciale. L'azienda sottolinea il significativo potenziale di esportazione per i loro innovativi elettrolizzatori, notando che il 75% del PIL mondiale ha politiche a sostegno della crescita dell'economia dell'idrogeno per la decarbonizzazione dei settori difficili da ridurre.
Next Hydrogen Solutions, un diseñador y fabricante de electrolizadores, ha recibido una Carta de Interés de Export Development Canada (EDC) para un posible financiamiento de deuda de capital de trabajo de hasta 5 millones de dólares. El financiamiento está sujeto a la finalización satisfactoria por parte de EDC de la debida diligencia técnica, ambiental, social y de gobernanza (ESG), financiera y comercial. La empresa enfatiza el significativo potencial de exportación de sus innovadores electrolizadores, señalando que el 75% del PIB mundial tiene políticas que apoyan el crecimiento de la economía del hidrógeno para la descarbonización de los sectores difíciles de reducir.
Next Hydrogen Solutions는 전해조의 설계 및 제조업체로서, Export Development Canada (EDC)로부터 최대 500만 달러의 운영 자본 부채 재정 지원에 대한 관심 서한을 받았습니다. 이 자금 조달은 EDC에서 기술적, 환경적, 사회적 및 거버넌스(ESG), 재무 및 상업적 실사를 만족스럽게 완료하는 것을 조건으로 합니다. 이 회사는 혁신적인 전해조에 대한 상당한 수출 잠재력을 강조하며, 전 세계 GDP의 75%가 디카본화가 어려운 부문을 위한 수소 경제 성장 지원 정책을 보유하고 있다고 언급했습니다.
Next Hydrogen Solutions, un concepteur et fabricant d'électrolyseurs, a reçu une Lettre d'Intérêt de la part de Export Development Canada (EDC) pour un potentiel financement par emprunt de fonds de roulement d'un montant pouvant atteindre 5 millions de dollars. Le financement est soumis à l'achèvement satisfaisant par l'EDC d'une diligence raisonnable technique, environnementale, sociale et de gouvernance (ESG), financière et commerciale. L'entreprise souligne le potentiel d'exportation considérable de ses électrolyseurs innovants, notant que 75 % du PIB mondial a des politiques soutenant la croissance de l'économie de l'hydrogène pour la décarbonisation des secteurs difficilement décarbonisables.
Next Hydrogen Solutions, ein Hersteller und Designer von Elektrolyseuren, hat ein Interessenbekundungsschreiben von Export Development Canada (EDC) für eine potentielle Fremdfinanzierung des Betriebskapitals von bis zu 5 Millionen Dollar erhalten. Die Finanzierung steht unter dem Vorbehalt der zufriedenstellenden Durchführung der technischen, umweltbezogenen, sozialen und governance (ESG), finanziellen sowie kommerziellen Due Diligence durch EDC. Das Unternehmen betont das signifikante Exportpotenzial seiner innovativen Elektrolyseure und weist darauf hin, dass 75 % des weltweiten BIP Politiken unterstützen, die das Wachstum der Wasserstoffwirtschaft zur Dekarbonisierung von schwer abzubauenden Sektoren fördern.
- Potential access to up to $5M in working capital debt financing
- Strong market opportunity with 75% of world GDP having hydrogen economy policies
- Financing is not guaranteed and subject to extensive due diligence
- Current working capital needs requiring debt financing
MISSISSAUGA, Ontario, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Next Hydrogen Solutions Inc. (“Next Hydrogen“) (TSXV:NXH, OTC:NXHSF), a designer and manufacturer of electrolyzers, is pleased to announce that it has received a Letter of Interest (“LOI”) from Export Development Canada (“EDC”), for potentially up to
“We are grateful to EDC for its interest in supporting our growth opportunities,” said Raveel Afzaal, President & CEO of Next Hydrogen. “With
About Next Hydrogen Solutions Inc.
Founded in 2007, Next Hydrogen Solutions Inc. is a designer and manufacturer of water electrolyzers that use water and electricity as inputs to generate clean hydrogen for use as a green energy source or a green industrial feedstock. Next Hydrogen’s unique cell design architecture supported by 40 patents enables high current density operations and superior dynamic response to efficiently convert intermittent renewable electricity into green hydrogen on an infrastructure scale. Following successful pilots, Next Hydrogen is scaling up its technology to deliver commercial solutions to decarbonize transportation and industrial sectors. For further information: www.nexthydrogen.com
Contact Information
| Raveel Afzaal, President and Chief Executive Officer Next Hydrogen Solutions Inc. Email: rafzaal@nexthydrogen.com Phone: 647-961-6620 www.nexthydrogen.com |
Cautionary Statements
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FAQ
What is the potential financing amount offered to Next Hydrogen (NXHSF) by EDC?
What conditions must Next Hydrogen (NXHSF) meet to secure the EDC financing?
What percentage of global GDP has hydrogen economy policies according to Next Hydrogen (NXHSF)?
