MISSISSAUGA, Ontario, Oct. 15, 2024 (GLOBE NEWSWIRE) — Next Hydrogen Solutions Inc. (the “Company” or “Next Hydrogen“) (TSXV:NXH, OTC:NXHSF), a designer and manufacturer of electrolyzers, is pleased to announce that it has successfully completed an extended durability test of its GEN2 electrolysis cells used in the efficient production of green hydrogen. The GEN2 cells will now be deployed in Next Hydrogen electrolysers at customer sites for commercial operation.
Next Hydrogen previously reported that it has achieved leading efficiency of its GEN2 cells in October of 2023(1). The GEN2 cell performance of lower than 1.9 V per cell at 1 amp/cm2 and at 70oC exceeds reported US Department of Energy (DOE) technical targets status for energy efficiency, while maintaining a 2 times higher peak operating point(2). Further, a turn-down of 10% demonstrated best-in-class performance and an optimal solution for direct connection to renewables to produce green hydrogen.
Equally important is the cell performance durability, and widely accepted testing protocols have been applied to confirm minimal degradation under intermittent operation as required for renewable energy supplied systems. Furthermore, 3,000 hours of cyclic testing have recently been successfully surpassed, providing the confidence to commercially deploy.
The GEN2 cells will be applied to Next Hydrogen’s modular product line in sizes of 0.75MW, 1.5MW and 2.25MW and offer the best commercially available performance features.
Raveel Afzaal, President and CEO of Next Hydrogen, stated, “This represents a significant milestone for us as we move into product commercialization. We are also upsizing our products and plan to demonstrate an even larger and more efficient GEN3 product version in 2025 based on leveraging our GEN2 success.”
About Next Hydrogen
Founded in 2007, 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’s unique cell design architecture supported by 40 patents enables high current density operations and superior dynamic response to efficiently convert intermittent renewable electricity into green hydrogen on an infrastructure scale. Following successful pilots, Next Hydrogen is scaling up its technology to deliver commercial solutions to decarbonize transportation and industrial sectors.
Contact Information
| Raveel Afzaal, President and Chief Executive Officer Next Hydrogen Solutions Inc. Email: rafzaal@nexthydrogen.com Phone: 647-961-6620 www.nexthydrogen.com |
Cautionary Statements
This news release contains “forward-looking information” and “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the risks associated with the hydrogen industry in general; delays or changes in plans with respect to infrastructure development or capital expenditures; the uncertainty of estimates and projections relating to costs and expenses; failure to obtain necessary regulatory approvals; health, safety and environmental risks; uncertainties resulting from potential delays or changes in plans with respect to infrastructure developments or capital expenditures; currency exchange rate fluctuations; as well as general economic conditions, stock market volatility; and the ability to access sufficient capital. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, there will be no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change.
COMTEX_458815694/2471/2024-10-15T07:00:10