Next Hydrogen to Supply Latest Generation Electrolysis Technology for Renewable Energy Ammonia Production Research
19 August 2024 - 1:00PM
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 been awarded a contract by the University of Minnesota
(UMN) for its latest generation electrolysis technology to be
installed at the UMN West Central Research and Outreach Center
(WCROC).
The WCROC project is supported by the U.S.
Department of Energy’s Advanced Research Project Agency (ARPA-E) as
well as other partners including RTI International (RTI) and will
include technologies from Casale, RTI and UMN to demonstrate the
production of ammonia from renewable energy targeting emerging
energy markets and existing agricultural markets.
Next Hydrogen will be supplying its latest
third-generation Alkaline Water Electrolyzers featuring
improvements in energy efficiency, current density and operating
pressure. Next Hydrogen electrolyzers provide complete and
responsive renewable energy load following capability needed to
produce hydrogen from intermittent energy sources such as wind and
solar. The system is scheduled to be operational in 2025.
The project team also includes Nutrien, GE, Nel
Hydrogen, Xcel Energy, Great River Energy, Otter Tail Power
Company, Runestone Electric Association, Chemtronergy, Texas Tech
University, Pacifica, the Agricultural Utilization Research
Institute (AURI) and Shell.
Raveel Afzaal, President and CEO of Next
Hydrogen, stated, “We are very honored to be part of this exciting
project and working with our existing partners Casale and GE while
also forming new industry relationships. Our technology provides a
compelling alternative to more expensive options for producing
hydrogen from renewable energy.”
About Next HydrogenFounded 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
OfficerNext Hydrogen Solutions Inc.Email:
rafzaal@nexthydrogen.comPhone: 647-961-6620www.nexthydrogen.com
Cautionary StatementsThis 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
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change.
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