Next Hydrogen Corporation secures a $2-million loan from the Canadian government to enhance manufacturing processes for its electrolyzer modules, aiming to meet the growing demand for green hydrogen.
The funding will support the company’s efforts in achieving key milestones such as ISO 9001 certification and expanding its reach in the transportation and industrial sectors.
Next Hydrogen Corporation, a clean technology firm based in Mississauga, is set to receive a $2-million loan from the Canadian federal government. The announcement was made by Filomena Tassi, the minister responsible for the Federal Economic Development Agency for Southern Ontario.
“Investments in clean technology bolster Canada’s position as a global leader in green manufacturing and support a cleaner future for all while creating sustainable jobs,” Tassi stated.
Founded in 2007, Next Hydrogen Corporation specializes in designing and manufacturing advanced water electrolyzers. These patented cells are engineered to connect directly with renewable energy sources, enabling the production of large-scale and cost-effective green hydrogen, as highlighted in a press release from the Federal Economic Development Agency.
The company is now embarking on new manufacturing processes aimed at boosting the production of its electrolyzer modules, which are essential for large-scale green hydrogen producers.
The $2-million loan will enable Next Hydrogen to meet the rising demand from its clients, which include major players in the transportation and industrial sectors. Among its customers and partners are Atomic Energy of Canada Limited, Canadian Tire, Hyundai, Kia, and GE Vernova.
