• First Hydrogen (FHYD) and Universite du Quebec a Trois Rivieres enter partnership
  • The partnership is to establish a sustainable energy transition development plan in Quebec
  • The company will provide one of its hybrid fuel ell power trains to the Hydrogen Research Insitute (HRI) of the university
  • This will enable the institute to do conduct comprehensive testing to collect data and improve components to the deisgn of the power train
  • HRI and the company will also collobarate on developing a training program, tools and protocols for engineers and technicians
  • Shares of First Hydrogen (FHYD) are down 2.11 per cent to C$2.79 as of 11:09 a.m. EDT

First Hydrogen (FHYD) has entered into a partnershi with the Universite du Quebec a Trois-Rivierse to establish a sustainable energy transition in Quebec.

Under the partnership, the company will provide one of its hybrid fuel cell powertrains, including the cell mudle, to the university’s Hydrogen Research Institute (HRI).

This will will enable the insitute to undertake comprehensive testing to collect valuable data and imrpove components related to the design of the power train.

HRI and the company will also collaborate on developing training tools and protocols for engineer sand technicians.

“By combing our industry expertise with HRI’s research capabilities, not only will we work towards a greener and more sustainable future in transportation, but we will also solidify Québec’s position as a global leader in hydrogen development,” Bairaj Mann, CEO of First Hydrogen, said in a release.

First Hydrogen has also announced it has purcahsed two plots of land in Shawnigan where it will produce up to 35 megawatts of green hydrogen. The factory will be able to produce 25,000 vehicles per year at full capacity.

Shares of First Hydrogen (FHYD) are down 2.11 per cent to C$2.79 as of 11:09 a.m. EDT.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

More From The Market Online

Canada Nickel Company posts best result to date at Reid discovery

Canada Nickel Company (TSXV:CNC) releases assays from four drill holes from its 2024 program at its Reid property in Ontario.

Red Light Holland and Costco Canada partner on mushroom kits

Red Light Holland (CSE:TRIP) partners with Costco Canada to launch Mega Block, a 2-kilogram home-grow mushroom kit, in late May.

One of the best stocks for a silver rebound play

Impact Silver (TSXV:IPT) uncovers a silver vein in Mexico, bolstering its case as one of the best stocks to play a rebound in silver…

TELUS becomes one of the first Canadian organizations to offer GenAI

TELUS (TSX:T) becomes one of the first Canadian organizations to offer GenAI solutions to its customer base.