Vancouver, British Columbia--(Newsfile Corp. - March 8, 2022) - First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT) ("FIRST HYDROGEN" or the "Company") is pleased to announce the establishment of First Hydrogen Energy, a division of First Hydrogen Corp. which will consolidate and lead the Group's business in the production and distribution of green hydrogen.
With the additions of advisors and non-executive directors Rob Campbell from Ballard Power and Peter Williams from INEOS, First Hydrogen Energy is currently reviewing and processing new green hydrogen production projects in the UK, Italy, and Canada, where discussions with local partners are ongoing. First Hydrogen is also engaged in discussions with industrial partners for the supply of technology and plant management. First Hydrogen has specifically identified the UK, Italy, Germany, and Canada for the development and construction of several 25 MW sites in each country to provide our potential future automotive customers with a guaranteed supply of green hydrogen over the lifetime of their vehicle ownership at a fixed price.
"Hydrogen production and procurement is a First Hydrogen strategy that is both timely and important in today's environment of worldwide energy needs as we transition away from traditional hydrocarbons to the zero-carbon economy," said Nicholas Wrigley Chairman of First Hydrogen UK.
About First Hydrogen Corp.
First Hydrogen Corp. is a Vancouver and London UK-based company focused on zero-emission vehicles and supercritical carbon dioxide extractor systems. The company is designing and developing a hydrogen-fuel-cell-powered light commercial demonstrator vehicle under two agreements with AVL Powertrain and Ballard Power Systems Inc. The LCV will have a range of 500+ kilometres. First Hydrogen is developing refueling capability working with FEV Consulting GmbH, the internal automotive consultancy of FEV Group of Aachen Germany.
On behalf of the Board of Directors of
FIRST HYDROGEN CORP.
Chairman & Chief Executive Officer
First Hydrogen Corp.
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Forward-looking information may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, milestones, strategies and outlook of First Hydrogen, and includes statements about, among other things, future developments and the future operations, strengths and strategies of First Hydrogen. Forward-looking information is provided for the purpose of presenting information about management's current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. These statements should not be read as guarantees of future performance or results.
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The forward-looking information contained in this news release represents the expectations of First Hydrogen as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. First Hydrogen undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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