First Hydrogen (TSX-V: FHYD) is setting its sights on green hydrogen production within the North American market – revealing expansion plans for Canada and the US.
The company recently commenced the development of four key green hydrogen production sites in the UK, with North America its next target market.
First Hydrogen Energy, the energy division of First Hydrogen, will initially focus on Canada, where it will capitalise on the country’s vast resources of renewable energy in the form of hydropower, solar and wind, to produce green hydrogen without carbon emissions.
As well as leveraging Canada’s renewable energy resources, the company will vitalise recent policy amendments which have created new demand for green hydrogen.
First Hydrogen Energy director and chief executive officer Rob Campbell said for these reasons, Canada is the right fit for green hydrogen production.
“Canada is an ideal place to develop green hydrogen facilities given its abundant renewable energy resources and rapidly improving policy landscape for green hydrogen,” he said.
The Canadian Government’s efforts are highlighted by a recent commitment to provide C$547.5 million in funding to incentivise the use of heavy-duty zero emission vehicles.
First Hydrogen, a Vancouver and UK-based company, focuses on zero emission vehicles, green hydrogen production and distribution, and also supercritical carbon dioxide extractor systems.
Green hydrogen production
First Hydrogen Energy plans to offer customers a “Hydrogen as-a-Service” model which includes clean green hydrogen fuel, technologically advanced refuelling stations and zero-emission commercial vehicles to accelerate the creation of zero-emission eco-system solutions.
Mr Campbell said green hydrogen will play a pivotal role in the global energy transition going forward.
“Green Hydrogen is now globally recognised as an important element needed to help us decarbonise within the massive energy transition we are now entering,” he said.
The company will distribute the green hydrogen near the production sites – mitigating distribution costs, while offering climate change, pollution reduction and energy resiliency benefits.
First Hydrogen chief executive officer Balraj Mann said green hydrogen could give Canada the chance to lead G7 nations in decarbonisation efforts.
“Our bountiful renewable energy resources combined with green hydrogen can materially reduce our carbon emissions and help meet our country’s goal of net-zero emissions by 2050,” he said.
“With our strong team, we possess the ability to make our contribution to net-zero.”
First Hydrogen retains ARUP Canada
First Hydrogen has retained ARUP Canada to provide engineering consulting services for its Canadian expansion strategy.
ARUP is a global sustainable development consulting firm with more than 17,000 employees across 33 countries.
ARUP associate principle and Americas hydrogen leader Andy Ralph said after working with First Hydrogen on projects within the UK, it welcomes the expansion into North America.
“ARUP is looking forward to collaborating with First Hydrogen as they add their global green hydrogen expertise to the expanding market for sustainable energy in Canada and in the US,” he said.