Next Hydrogen receives CAN$5 million funding
Published by Ellie Brosnan,
Editorial Assistant
Global Hydrogen Review,
Next Hydrogen Solutions Inc. (Next Hydrogen) has announced that it has received a CAN$5 million working capital debt facility from Export Development Canada (EDC).
“We are grateful for this very meaningful support from EDC to help support our growth opportunities. We have an electrolyser design with cell architecture that enables highly efficient, large scale, and low cost green hydrogen production,” said Raveel Afzaal, President and CEO of Next Hydrogen. “With 75% of the world GDP having policies to grow the hydrogen economy, EDC is providing us with the opportunity to make a global impact to decarbonise hard-to-abate sectors.”
“EDC is thrilled to support Next Hydrogen’s ambitions for large scale adoption of green hydrogen solutions,” added Tushar Handiekar, Group Head and Vice President, Structured and Project Finance at EDC. “The deployment of its electrolyser, combined with Next Hydrogen’s technical expertise and global partnerships can position the company as a forerunner of Canadian innovation on the global stage, and EDC views this as the beginning of an important strategic relationship.”
Read the article online at: https://www.globalhydrogenreview.com/hydrogen/23042025/next-hydrogen-receives-can5-million-funding/
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