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 $5M in working capital debt financing. EDC’s potential financing commitment, structure and terms are contingent upon its satisfactory completion of technical, environmental, social and governance (ESG), financial and commercial due diligence. As such, the LOI should not be construed as a financing commitment.
“We are grateful to EDC for its interest in supporting our growth opportunities,” said Raveel Afzaal, President & CEO of Next Hydrogen. “With 75% of the world GDP having policies in place to grow the hydrogen economy, we see significant export potential for our innovative electrolyzers to enable decarbonization of hard-to-abate sectors of the economy.”
