STOCK TITAN

Next Hydrogen to Supply Latest Generation Electrolysis Technology for Renewable Energy Ammonia Production Research

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

Next Hydrogen Solutions Inc. (TSXV:NXH, OTC:NXHSF) has been awarded a contract by the University of Minnesota (UMN) to supply its latest generation electrolysis technology for a renewable energy ammonia production research project. The project, supported by the U.S. Department of Energy's ARPA-E and other partners, will be installed at UMN's West Central Research and Outreach Center (WCROC).

Next Hydrogen will provide its third-generation Alkaline Water Electrolyzers, featuring improvements in energy efficiency, current density, and operating pressure. These electrolyzers offer complete and responsive renewable energy load following capability, essential for producing hydrogen from intermittent energy sources like wind and solar. The system is scheduled to be operational in 2025.

Next Hydrogen Solutions Inc. (TSXV:NXH, OTC:NXHSF) ha ricevuto un contratto dall'Università del Minnesota (UMN) per fornire la sua tecnologia di elettrolisi di ultima generazione per un progetto di ricerca sulla produzione di ammoniaca da energia rinnovabile. Il progetto, sostenuto dal Dipartimento dell'Energia degli Stati Uniti attraverso ARPA-E e altri partner, sarà installato presso il West Central Research and Outreach Center (WCROC) dell'UMN.

Next Hydrogen fornirà i suoi elettrolizzatori a base alcalina di terza generazione, che presentano miglioramenti nell'efficienza energetica, nella densità di corrente e nella pressione operativa. Questi elettrolizzatori offrono una completa e reattiva capacità di seguire il carico da energie rinnovabili, essenziale per la produzione di idrogeno da fonti energetiche intermittenti come vento e sole. Il sistema è previsto per essere operativo nel 2025.

Next Hydrogen Solutions Inc. (TSXV:NXH, OTC:NXHSF) ha recibido un contrato de la Universidad de Minnesota (UMN) para suministrar su tecnología de electrólisis de última generación para un proyecto de investigación sobre la producción de amoníaco a partir de energía renovable. El proyecto, respaldado por el Departamento de Energía de EE. UU. a través de ARPA-E y otros socios, se instalará en el West Central Research and Outreach Center (WCROC) de la UMN.

Next Hydrogen proporcionará sus electrólitos de agua alcalina de tercera generación, que presentan mejoras en eficiencia energética, densidad de corriente y presión operativa. Estos electrólitos ofrecen una capacidad de seguimiento completa y receptiva de la carga de energía renovable, esencial para la producción de hidrógeno a partir de fuentes de energía intermitentes como el viento y la solar. El sistema está programado para estar operativo en 2025.

Next Hydrogen Solutions Inc. (TSXV:NXH, OTC:NXHSF)가 미네소타 대학교(UMN)와 계약을 체결했습니다. 이 계약은 재생 가능 에너지에서 암모니아 생산 연구 프로젝트를 위한 최신 전기분해 기술을 공급하는 것입니다. 이 프로젝트는 미국 에너지부의 ARPA-E 및 기타 파트너들의 지원을 받아 UMN의 웨스트 센트럴 연구 및 홍보 센터(WCROC)에 설치될 예정입니다.

Next Hydrogen은 에너지 효율성, 전류 밀도 및 작동 압력에서 개선된 3세대 알카라인 수소 전기분해기를 제공합니다. 이러한 전기분해기는 바람과 태양과 같은 간헐적인 에너지원에서 수소를 생산하는 데 필수적인 재생 가능 에너지 부하를 완전하고 신속하게 따를 수 있는 기능을 제공합니다. 이 시스템은 2025년에 운영될 예정입니다.

Next Hydrogen Solutions Inc. (TSXV:NXH, OTC:NXHSF) a reçu un contrat de l'Université du Minnesota (UMN) pour fournir sa technologie d'électrolyse de dernière génération pour un projet de recherche sur la production d'ammoniac à partir d'énergie renouvelable. Le projet, soutenu par l'ARPA-E du Département de l'Énergie des États-Unis et d'autres partenaires, sera installé au West Central Research and Outreach Center (WCROC) de l'UMN.

Next Hydrogen fournira ses électrolyseurs à eau alcaline de troisième génération, présentant des améliorations en matière d'efficacité énergétique, de densité de courant et de pression de fonctionnement. Ces électrolyseurs offrent une capacité complète et réactive pour suivre les charges d'énergie renouvelable, essentielle pour produire de l'hydrogène à partir de sources d'énergie intermittentes telles que le vent et le solaire. Le système est prévu pour être opérationnel en 2025.

Next Hydrogen Solutions Inc. (TSXV:NXH, OTC:NXHSF) hat einen Vertrag mit der Universität Minnesota (UMN) erhalten, um seine fortschrittlichste Elektrolysetechnologie für ein Forschungsprojekt zur Produktion von Ammoniak aus erneuerbaren Energien zu liefern. Das Projekt, das vom US-Energieministerium über ARPA-E und andere Partner unterstützt wird, wird im West Central Research and Outreach Center (WCROC) der UMN installiert.

Next Hydrogen wird seine Dritte Generation alkalischer Wasser-Elektrolysegeräte bereitstellen, die Verbesserungen in der Energieeffizienz, Stromdichte und Betriebsspannung aufweisen. Diese Elektrolysegeräte bieten eine vollständige und reaktive Fähigkeit zur Anpassung an erneuerbare Energielasten, die für die Wasserstoffproduktion aus intermittierenden Energiequellen wie Wind und Sonne entscheidend ist. Das System ist für 2025 geplant.

Positive
  • Awarded contract for latest generation electrolysis technology
  • Collaboration with prestigious institutions and industry partners
  • Improvements in energy efficiency, current density, and operating pressure in third-generation electrolyzers
  • Capability to produce hydrogen from intermittent renewable energy sources
Negative
  • None.

MISSISSAUGA, Ontario, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Next Hydrogen Solutions Inc. (the “Company” or “Next Hydrogen“) (TSXV:NXHOTC:NXHSF), a designer and manufacturer of electrolyzers, is pleased to announce that it has been awarded a contract by the University of Minnesota (UMN) for its latest generation electrolysis technology to be installed at the UMN West Central Research and Outreach Center (WCROC).

The WCROC project is supported by the U.S. Department of Energy’s Advanced Research Project Agency (ARPA-E) as well as other partners including RTI International (RTI) and will include technologies from Casale, RTI and UMN to demonstrate the production of ammonia from renewable energy targeting emerging energy markets and existing agricultural markets.

Next Hydrogen will be supplying its latest third-generation Alkaline Water Electrolyzers featuring improvements in energy efficiency, current density and operating pressure. Next Hydrogen electrolyzers provide complete and responsive renewable energy load following capability needed to produce hydrogen from intermittent energy sources such as wind and solar. The system is scheduled to be operational in 2025.

The project team also includes Nutrien, GE, Nel Hydrogen, Xcel Energy, Great River Energy, Otter Tail Power Company, Runestone Electric Association, Chemtronergy, Texas Tech University, Pacifica, the Agricultural Utilization Research Institute (AURI) and Shell.

Raveel Afzaal, President and CEO of Next Hydrogen, stated, “We are very honored to be part of this exciting project and working with our existing partners Casale and GE while also forming new industry relationships. Our technology provides a compelling alternative to more expensive options for producing hydrogen from renewable energy.”

About Next Hydrogen
Founded in 2007, Next Hydrogen is a designer and manufacturer of electrolyzers that use water and electricity as inputs to generate clean hydrogen for use as an energy source. 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.

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

What contract has Next Hydrogen Solutions Inc. (NXHSF) been awarded in August 2024?

Next Hydrogen Solutions Inc. has been awarded a contract by the University of Minnesota to supply its latest generation electrolysis technology for a renewable energy ammonia production research project.

When is Next Hydrogen's electrolysis system for the UMN project expected to be operational?

The electrolysis system supplied by Next Hydrogen for the University of Minnesota project is scheduled to be operational in 2025.

What are the key features of Next Hydrogen's third-generation Alkaline Water Electrolyzers?

Next Hydrogen's third-generation Alkaline Water Electrolyzers feature improvements in energy efficiency, current density, operating pressure, and provide complete and responsive renewable energy load following capability.

Which government agency is supporting the renewable energy ammonia production research project involving Next Hydrogen (NXHSF)?

The project is supported by the U.S. Department of Energy's Advanced Research Project Agency (ARPA-E).

NEXT HYDROGEN SOLUTIONS

OTC:NXHSF

NXHSF Rankings

NXHSF Latest News

NXHSF Stock Data

6.96M
Iron and Steel Forging
Manufacturing
United States of America