Next Hydrogen to receive investment for large-scale electrolysis development
Next Hydrogen Solutions Inc., a designer and manufacturer of electrolyzers, is pleased to announce that it has been awarded $5.1 million from Sustainable Development Technology Canada (SDTC) towards the development and demonstration of the Company’s next generation electrolysis technology.
This collaborative project with a budget of over $12 million will run to the end of 2024, resulting in cost and performance improvements to Next Hydrogen’s current line of electrolysis products (up to 2.25 MW) and the launch of next generation large-scale electrolysis modules (over 7 MW). With the launch of these products, Next Hydrogen will be well positioned to support the needs of its customers for both near-term market demonstrations and commercial large-scale green hydrogen systems.
The project includes the close participation of a consortium of strategic partners focused on validating these products for subsequent market deployment projects. This development program will include the building of a technology demonstration unit that will undergo extensive testing at the Alberta Carbon Conversion Technology Centre (ACCTC) in Calgary, Alberta, a purpose-built demonstration facility operated by Innotech Alberta.
“We are delighted with SDTC’s decision to support this Next Hydrogen led consortium project,” says Raveel Afzaal, President and CEO of Next Hydrogen. “The collaboration with key industry partners provides an unprecedented opportunity to accelerate the adoption of our innovative green hydrogen products in the marketplace. We look forward to providing updates on our development progress and related market deployment projects.”