First Hydrogen Corp. has entered into a feasibility study agreement with Sacré-Davey to develop a 35MW green hydrogen production facility and vehicle assembly factory in Shawinigan, Quebec. The project aims to establish a zero-emissions hydrogen ecosystem and boost green technology jobs in the region.
The feasibility study will focus on technical and market analysis, engineering review, grid and water constraints, permitting requirements, environmental considerations, and distribution and operations. The production facility will utilize advanced electrolysis to supply hydrogen for First Hydrogen’s hydrogen-fuel-cell-powered vehicles (FCEVs) and other hydrogen-fueled vehicles and applications in the Montreal-Quebec City region.
The planned FCEV assembly factory is designed to produce 25,000 vehicles per year at full capacity, contributing to the growth of green technology jobs. The distribution of First Hydrogen’s FCEVs throughout North America will be facilitated by their Hydrogen as a Service offering.
The green hydrogen market is projected to reach USD 7,314 million by 2027, with a compound annual growth rate (CAGR) of 61% from 2022 to 2027. Factors driving market growth include the declining cost of renewable energy production, advancements in electrolysis technologies, and increasing demand from FCEVs and the power industry.
Balraj Mann, Chairman & CEO of First Hydrogen, expressed enthusiasm for the partnership with Sacré-Davey, a company with extensive experience and expertise in hydrogen technology. Denis Thibodeau, Executive Director of Sacré-Davey, highlighted their commitment to decarbonization and their pride in contributing to the success of the First Hydrogen project.
The collaboration between First Hydrogen and Sacré-Davey represents a significant step toward advancing green hydrogen production and accelerating the adoption of FCEVs, supporting the transition to a sustainable and zero-emissions transportation sector. As the feasibility study progresses, the development of the green hydrogen facility and FCEV assembly factory in Shawinigan holds great potential for the region and the broader green technology industry.
