Next Hydrogen receives $5M working capital debt financing
Next Hydrogen Solutions (TSXV:NXH, OTC:NXHSF) has secured a $5 million working capital debt facility from Export Development Canada (EDC). The company specializes in electrolyser technology with a revolutionary cell architecture designed for efficient, large-scale, and low-cost green hydrogen production.
The financing aims to support Next Hydrogen's growth opportunities in the expanding hydrogen economy, with the company noting that 75% of world GDP has policies supporting hydrogen sector growth. EDC expressed support for Next Hydrogen's green hydrogen solutions and views this as the start of a strategic relationship, recognizing the potential for the company's innovative electrolyser technology and global partnerships to establish Canadian leadership in global innovation.
Next Hydrogen Solutions (TSXV:NXH, OTC:NXHSF) ha ottenuto una linea di credito di 5 milioni di dollari da Export Development Canada (EDC). L'azienda è specializzata nella tecnologia degli elettrolizzatori con un'architettura cellulare rivoluzionaria, progettata per una produzione efficiente, su larga scala e a basso costo di idrogeno verde.
Il finanziamento mira a sostenere le opportunità di crescita di Next Hydrogen nell'espansione dell'economia dell'idrogeno, con l'azienda che sottolinea come il 75% del PIL mondiale abbia politiche a supporto della crescita del settore idrogeno. EDC ha espresso il proprio sostegno alle soluzioni di idrogeno verde di Next Hydrogen e considera questo l'inizio di una relazione strategica, riconoscendo il potenziale della tecnologia innovativa degli elettrolizzatori e delle partnership globali per affermare la leadership canadese nell'innovazione mondiale.
Next Hydrogen Solutions (TSXV:NXH, OTC:NXHSF) ha asegurado una línea de crédito por 5 millones de dólares de Export Development Canada (EDC). La empresa se especializa en tecnología de electrolizadores con una arquitectura celular revolucionaria diseñada para una producción eficiente, a gran escala y de bajo costo de hidrógeno verde.
El financiamiento tiene como objetivo apoyar las oportunidades de crecimiento de Next Hydrogen en la creciente economía del hidrógeno, señalando la compañía que el 75% del PIB mundial cuenta con políticas que respaldan el crecimiento del sector del hidrógeno. EDC expresó su apoyo a las soluciones de hidrógeno verde de Next Hydrogen y ve esto como el inicio de una relación estratégica, reconociendo el potencial de la tecnología innovadora de electrolizadores y las alianzas globales para establecer el liderazgo canadiense en innovación mundial.
Next Hydrogen Solutions (TSXV:NXH, OTC:NXHSF)는 Export Development Canada(EDC)로부터 500만 달러 규모의 운전자본 대출 시설을 확보했습니다. 이 회사는 효율적이고 대규모 저비용 그린 수소 생산을 위해 혁신적인 셀 아키텍처를 갖춘 전해조 기술을 전문으로 합니다.
이번 자금 조달은 확장 중인 수소 경제에서 Next Hydrogen의 성장 기회를 지원하는 것을 목표로 하며, 회사는 전 세계 GDP의 75%가 수소 산업 성장을 지원하는 정책을 가지고 있다고 밝혔습니다. EDC는 Next Hydrogen의 그린 수소 솔루션을 지지하며, 이를 전략적 관계의 시작으로 보고 혁신적인 전해조 기술과 글로벌 파트너십을 통해 캐나다가 세계 혁신을 선도할 잠재력을 인정했습니다.
Next Hydrogen Solutions (TSXV:NXH, OTC:NXHSF) a obtenu une facilité de crédit de 5 millions de dollars auprès d'Export Development Canada (EDC). L'entreprise est spécialisée dans la technologie des électrolyseurs avec une architecture cellulaire révolutionnaire conçue pour une production efficace, à grande échelle et à faible coût d'hydrogène vert.
Ce financement vise à soutenir les opportunités de croissance de Next Hydrogen dans l'économie de l'hydrogène en expansion, l'entreprise soulignant que 75 % du PIB mondial bénéficie de politiques favorables au développement du secteur de l'hydrogène. EDC a exprimé son soutien aux solutions d'hydrogène vert de Next Hydrogen et considère cela comme le début d'une relation stratégique, reconnaissant le potentiel de la technologie innovante des électrolyseurs et des partenariats mondiaux pour établir le leadership canadien dans l'innovation à l'échelle mondiale.
Next Hydrogen Solutions (TSXV:NXH, OTC:NXHSF) hat eine Arbeitskapital-Darlehensfazilität in Höhe von 5 Millionen US-Dollar von Export Development Canada (EDC) gesichert. Das Unternehmen spezialisiert sich auf Elektrolysetechnologie mit einer revolutionären Zellarchitektur, die für eine effiziente, groß angelegte und kostengünstige Produktion von grünem Wasserstoff entwickelt wurde.
Die Finanzierung soll Next Hydrogens Wachstumschancen in der expandierenden Wasserstoffwirtschaft unterstützen. Das Unternehmen weist darauf hin, dass 75 % des weltweiten BIP Politiken zur Förderung des Wasserstoffsektors haben. EDC bekundete seine Unterstützung für Next Hydrogens grüne Wasserstofflösungen und sieht dies als Beginn einer strategischen Partnerschaft, wobei das Potenzial der innovativen Elektrolysetechnologie und globalen Partnerschaften zur Etablierung der kanadischen Führungsrolle in der globalen Innovation anerkannt wird.
- Secured $5M working capital debt facility from EDC
- Strategic partnership with government export agency EDC
- Strong market opportunity with 75% of world GDP having hydrogen growth policies
- Increased debt burden on balance sheet
MISSISSAUGA, Ontario, April 22, 2025 (GLOBE NEWSWIRE) -- Next Hydrogen Solutions Inc. (“Next Hydrogen” or “Company”) (TSXV:NXH, OTC:NXHSF) is pleased to announce it has received a
“We are grateful for this very meaningful support from EDC to help support our growth opportunities. We have a world class electrolyser design with a revolutionary cell architecture which enables highly efficient, large scale and low-cost green hydrogen production,” said Raveel Afzaal, President & CEO of Next Hydrogen. “With
“EDC is thrilled to support Next Hydrogen’s ambitions for large scale adoption of green hydrogen solutions,” said Tushar Handiekar, group head and VP, Structured and Project Finance at EDC. “The deployment of its innovative electrolyser, combined with Next Hydrogen’s technical expertise and global partnerships can position the company as leader of Canadian innovation on the global stage, and EDC views this as the beginning of an important strategic relationship.”
About Next Hydrogen Solutions Inc.
Founded in 2007, Next Hydrogen Solutions Inc. is a designer and manufacturer of innovative 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
This news release contains “forward-looking information” and “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the risks associated with the hydrogen industry in general; delays or changes in plans with respect to infrastructure development or capital expenditures; the uncertainty of estimates and projections relating to costs and expenses; failure to obtain necessary regulatory approvals; health, safety and environmental risks; uncertainties resulting from potential delays or changes in plans with respect to infrastructure developments or capital expenditures; currency exchange rate fluctuations; as well as general economic conditions, stock market volatility; and the ability to access sufficient capital. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, there will be no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change.
FAQ
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