- Next Hydrogen Solutions (NXH) has opened its new assembly facility in the Greater Toronto Area
- The new 27,000 square foot facility will allow for product assembly, testing, product development and engineering, and leadership functions
- The company expects that the new facility will improve production processes and scalability
- Next Hydrogen is a designer and manufacturer of electrolyzers that use water and electricity as inputs to generate clean hydrogen for use as an energy source
- Next Hydrogen Solutions (NXH) is currently down 8.07 per cent, trading at $4.90 per share
Next Hydrogen Solutions (NXH) has opened its new assembly facility in the Greater Toronto Area.
Located in Mississauga, the new 27,000 square foot facility will provide the capacity for product assembly, testing, product development and engineering, and leadership functions across Next Hydrogen.
The company expects that the new facility will allow for improved processes and scalability, with more efficient testing and reduced lead times.
The new facility boasts a hybrid work environment with an emphasis on recycled materials and employee well-being.
Raveel Afzaal, president and CEO of Next Hydrogen, commented on the new facility.
“We were fortunate to find such a well-suited and conveniently located space,” he said. “This new facility will provide us with an initial 20MW of annual assembly capacity, which can be significantly expanded in a low-cost fashion as we continue to grow.”
“We will be able to better serve our customers,” added Mr. Afzaal, “by co-locating our technical, engineering, assembly and after-service teams, and collaborating more effectively across business units.”
Next Hydrogen is a designer and manufacturer of electrolyzers that use water and electricity as inputs to generate clean hydrogen for use as an energy source.
Its cell design architecture enables high current density operations and superior dynamic response to efficiently convert intermittent renewable electricity into green hydrogen on an infrastructure scale.
Next Hydrogen Solutions (NXH) is currently down 8.07 per cent, trading at $4.90 per share as of 3:45 pm ET.