First Hydrogen - First Hydrogen's All Rushforth with Rivus' Gemma Horne.
First Hydrogen's All Rushforth with Rivus' Gemma Horne.
Source: First Hydrogen.
  • First Hydrogen (TSXV:FHYD), a hydrogen EV stock, has received Rivus’ vote of approval for its hydrogen-fuel cell powered vehicle (FCEV)
  • Rivus’ report on the FCEV highlights its standout refueling time, range and efficiency under different loads compared with electric vehicles
  • First Hydrogen is focused on zero-emission vehicles, green hydrogen production and distribution and supercritical carbon dioxide extractor systems
  • First Hydrogen (TSXV:FHYD) last traded at $2.69 per share

First Hydrogen (TSXV:FHYD), a hydrogen EV stock, has received Rivus’ vote of approval for its hydrogen-fuel cell powered vehicle (FCEV).

Rivus, an award-winning fleet manager overseeing more than 120,000 vehicles, tested First Hydrogen’s FCEV over four weeks and more than 700 miles across numerous key performance factors.

The report found “FCEV robustness over electric vehicles in terms of vehicle efficiency over different load factors,” as well as “unbeatable range” and quick refueling at less than 5 minutes, according to a statement released Monday.

While modern electric light commercial vehicles (eLCVs) can achieve ranges in the vicinity of 240 kilometres, First Hydrogen’s FCEV doubled that figure.

Rivus also found that the FCEV “was not heavily affected by the speed or the payload, and performed well under different load cycles compared to eLCVs, which can experience reductions in range by approximately 10 per cent.”

Conditions analyzed included urban city centre driving, with high-speed and low-speed roads, as well as no-payload and 90 per cent weight capacity scenarios.

“The main benefit of the First Hydrogen vehicle is the refueling times are quicker than battery electric vehicle charge times,” Gemma Horne, warranty controller at Rivus, said in a statement. “And of course, unlike internal combustion engines, hydrogen vehicles produce zero emissions.”

We are delighted that Rivus has managed to prove that this technology can be a viable option for many fleets. The trial also showed that the vehicle ran with excellent efficiency, comfortably achieving more than a 500 km range on a single tank of fuel, exceeding the early performance expectations we set for real-world driving. We have always been confident that our vehicle will offer benefits to fleets, and this first trial is evidence of just that,” Steve Gill, First Hydrogen’s Automotive CEO, said in a statement.

First Hydrogen is a Vancouver, B.C., and London, U.K.-based company focused on zero-emission vehicles, green hydrogen production and distribution and supercritical carbon dioxide extractor systems.

First Hydrogen (TSXV:FHYD) last traded at $2.69 per share.

Join the discussion: Find out what everybody’s saying about this stock on the First Hydrogen Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.

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

Silver One just raised C$5.9M: Why its stock could be a winner

Silver One Resources (TSXV:SVE), a microcap silver stock, closes an oversubscribed financing for a little more than C$5.9 million.

Buzz on the Bullboards: From innovating traffic enforcement to cancer breakthroughs

The past week on the TSX has been one for the books, with significant gains driven largely by advancements in the technology sector.