News Release

Next Hydrogen Solutions Inc. announces that it has accepted the resignation of Matthew Fairlie from the Board of Directors of the Company effective January 15, 2025.

Next Hydrogen Solutions Inc. announced today that it has completed a closing of its previously announced offering (the “Offering”), on a private placement basis, of 10% unsecured convertible debentures of the Company (the "Debentures"). Pursuant to the Offering, the Company has issued and sold 2,725 Debentures for aggregate gross proceeds to the Company of C$2,725,000.

Next Hydrogen Solutions Inc. is pleased to announce that it has received a Letter of Interest (“LOI”) from Export Development Canada (“EDC”), for potentially up to $5M in working capital debt financing.

Next Hydrogen Solutions Inc. is pleased to report its financial results for the third quarter ended September 30, 2024.

Next Hydrogen Solutions Inc. is pleased to announce a private placement (the “Offering”) of unsecured convertible debentures (each, a “Debenture”) consisting of up to $3,000,000 principal amount of Debentures.

Next Hydrogen Solutions Inc. is developing high-efficiency, low-cost electrolyzers needed for establishing hydrogen production infrastructure for the aviation industry. Pratt & Whitney Canada will demonstrate hydrogen combustion technology on a PW127XT regional turboprop engine under the project named Hydrogen Advanced Design Engine Study (HyADES)). Pratt & Whitney is an RTX (NYSE: RTX) business. This project is supported by Canada’s Initiative for Sustainable Aviation Technology (INSAT).

Next Hydrogen Solutions Inc. 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 Solutions Inc. is at an inflection point and as such, we wanted to share our recent updates with you. We are looking forward to a strong end to 2024 and remain grateful for your support on our journey to decarbonize our beautiful planet.

Next Hydrogen Solutions Inc. is pleased to announce that it has successfully completed an extended factory acceptance test of its second generation electrolyzer module. This product line will be commissioned at a customer site in the coming months.

Next Hydrogen Solutions Inc. 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).