- First Hydrogen Corp. (FHYD) has selected the City of Shawinigan, Québec to develop its first green hydrogen eco-system
- The company has conducted site evaluations and has now begun the process of securing and developing sites for the local production of green hydrogen and assembling the first hydrogen zero-emission commercial vehicles
- First Hydrogen light commercial demonstrator vehicles are planned to be assembled in Shawinigan for distribution throughout North America
- First Hydrogen Corp. (FHYD) is up 4.74 per cent, trading at C$4.86 per share as of 10:45 am ET
First Hydrogen Corp. (FHYD) has selected Shawinigan, Québec, to develop its first green hydrogen eco-system.
The company has conducted site evaluations and has now begun the process to secure and develop respective sites for the local production of green hydrogen and to assemble First Hydrogen zero-emission commercial vehicles.
First Hydrogen’s project plan is to produce up to 50MW of green hydrogen using advanced electrolysis technology and distribute the hydrogen within the Montréal-Québec City corridor for use with First Hydrogen’s light commercial vehicles (LCV) as well as supporting other hydrogen-fuelled vehicles and applications in the region.
First Hydrogen light commercial demonstrator vehicles (LCVs) are planned to be assembled in Shawinigan for distribution throughout North America in combination with the company’s Hydrogen as a Service product offering. The assembly factory will be designed for an annual capacity of 25,000 vehicles per year when at full capacity.
The company’s CEO, Rob Campbell, explained that Québec’s first hydroelectric company was established in 1898, and Shawinigan has a strong history of energy and industry working together.
“The city and the region are very well positioned with its green energy resources, industrial community and growing green energy economy. It will be also very important to collaborate closely with the regional education network to create the required skills for tomorrow. The region is already the home of the l’institut de recherche en hydrogène de l’UQTR (IRH). Founded in 1994, IRH is one of Canada’s leading institutions in hydrogen research.”
First Hydrogen’s Chairman and CEO, Balraj Mann, added that the company is seeing strong market support for its holistic product offering of zero-emission powered LCVs and green hydrogen.
“Customer pull combined with strong Quebec and Canadian policy support has convinced us that now is the time to move forward with this first project. Engineering studies are planned to commence in early 2023. Our announcement today coincides with the unveiling of our next-generation hydrogen fuel cell-powered light commercial vehicle in the coming weeks.”
First Hydrogen Corp. is a Vancouver and London UK-based company focused on zero-emission vehicles, green hydrogen production and distribution and supercritical carbon dioxide extractor systems. The company is designing and building hydrogen-fuel-cell-powered LCVs under two agreements with AVL Powertrain and Ballard Power Systems Inc.
First Hydrogen Corp. (FHYD) is up 4.74 per cent, trading at C$4.86 per share as of 10:45 am ET.
