Vancouver, British Columbia–(Newsfile Corp. – November 28, 2022) – First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT) (“FIRST HYDROGEN” or the “Firm“) is happy to announce that it has chosen the Metropolis of Shawinigan, Quebec, Canada to develop its first inexperienced hydrogen eco-system. The Firm has performed web site evaluations and has now formally commenced the method to safe and develop respective websites for the native manufacturing of inexperienced hydrogen and the meeting of First Hydrogen zero-emission business autos.
First Hydrogen’s challenge plan is to supply as much as 50MW of inexperienced hydrogen utilizing superior electrolysis know-how and distribute the hydrogen throughout the Montreal-Quebec Metropolis hall to be used with First Hydrogen’s gentle business autos (LCV) in addition to supporting different hydrogen-fuelled autos and functions within the area.
First Hydrogen LCVs are deliberate to be assembled in Shawinigan for distribution all through North America together with the Firm’s Hydrogen as a Service product providing. The meeting manufacturing unit shall be designed for an annual capability of 25,000 autos per yr when at full capability and can symbolize a serious increase to inexperienced know-how jobs within the area.
The Firm’s technique is an in depth match with the Province of Quebec’s “Plan for a Inexperienced Economic system1” and the “2030 Quebec Inexperienced Hydrogen and BioEnergy Technique1” each focusing on decreased dependence on fossil fuels, power autonomy and inexperienced prosperity via using inexperienced hydrogen to decarbonize and strengthen its economic system. Additional, the Province of Quebec gives a secure and supportive setting for First Hydrogen’s challenge via its financial, innovation and power insurance policies and packages aimed toward accelerating the tempo of the inexperienced power transition.
The challenge can also be in line with latest federal authorities bulletins supporting inexperienced hydrogen and low-carbon fuels initiatives.
Rob Campbell, CEO of Vitality for First Hydrogen, says: “Shawinigan, Quebec is a superb place for First Hydrogen to plant the flag in North America. Quebec’s first hydroelectric firm was established there in 1898 and Shawinigan has a robust historical past of power and business working collectively. The Metropolis and the area are very effectively positioned with its inexperienced power assets, industrial group and rising inexperienced power economic system. It is going to be additionally crucial to intently collaborate with the regional training community to create the required abilities of tomorrow. The area is already the house of the l’institut de recherche en hydrogène de l’UQTR (IRH). Based in 1994, IRH is considered one of Canada’s main establishments in hydrogen analysis. We want to thank the Metropolis of Shawinigan and Investissement Québec for his or her ongoing assist for this thrilling challenge.”
Balraj Mann, Chairman & CEO First Hydrogen states: “We’re seeing robust market assist for our holistic product providing of zero-emission LCVs and inexperienced hydrogen. Buyer pull mixed with robust Quebec and Canadian coverage assist has satisfied us that now could be the time to maneuver ahead with this primary challenge. Engineering research are deliberate to start in early 2023. Our announcement at this time coincides with the revealing of our next-generation hydrogen gas cell-powered gentle business car within the coming weeks.”
1 https://www.quebec.ca/en/authorities/policies-orientations/plan-green-economy, https://www.quebec.ca/en/authorities/policies-orientations/strategy-green-hydrogen-bioenergy#:~:textual content=Inpercent202030percent2Cpercent20greenpercent20hydrogenpercent20and,gasolinepercent20vehiclespercent20frompercent20thepercent20roads.
About First Hydrogen Corp. (FirstHydrogen.com)
First Hydrogen Corp. is a Vancouver and London UK-based firm targeted on zero-emission autos, inexperienced hydrogen manufacturing and distribution and supercritical carbon dioxide extractor methods. The Firm is designing and constructing hydrogen-fuel-cell-powered gentle business demonstrator autos (“LCV”) below two agreements with AVL Powertrain and Ballard Energy Methods Inc. The LCV may have a spread of 500+ kilometres. On the identical time, the corporate has launched its bespoke car design section which can develop its fleet of proprietary zero-emission autos. First Hydrogen can also be growing refueling functionality working with FEV Consulting GmbH, the automotive consultancy of FEV Group of Aachen Germany. The Firm can also be pursuing alternatives in inexperienced hydrogen manufacturing and distribution within the UK, EU and North America.
On behalf of the Board of Administrators of
FIRST HYDROGEN CORP.
“Balraj Mann”
Chairman & Chief Government Officer
Contact:
Balraj Mann
First Hydrogen Corp.
604-601-2018
[email protected]
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