Next Hydrogen Solutions Inc. (“Next Hydrogen”) (NXH, NXHSF) is pleased to announce it has entered into a $7.7M agreement for a project involving a specialized nuclear application (the “Project”). Under the agreement, Next Hydrogen will conduct design engineering (Phase 1) and subsequently provide the electrolyser needed (Phase 2) for the Project. A $5M purchase order has been received for Phase 1 with a follow-on order of $2.7M planned for Phase 2 with electrolyser delivery expected to occur in 2025.
Raveel Afzaal, President and CEO of Next Hydrogen stated “We are very grateful to be awarded this project with blue-chip industry partners. Our unique, advanced electrolyser design is well suited to this important application and was successfully tested for the application in the past. This project will provide us with the resources to deliver and demonstrate a strong solution for an application with high growth potential, for example, in nuclear fusion demonstrations, while accelerating our product roadmap for large scale green hydrogen production. Operating our electrolyser in such a stringent application will provide an excellent reference point for our next generation high performance electrolysers.”
