First Hydrogen Corp. Explores SMRs for Green Hydrogen Production
Key Ideas
- Development of stable, scalable green hydrogen production through SMRs aligns with EU and Canada's hydrogen goals.
- Successful completion of 6,000 km vehicle testing demonstrates a range exceeding 630 km per refuel.
- Potential for generating additional revenue streams by redirecting excess power to local grids.
- Challenges include unspecified implementation timeline and costs for SMR technology and undisclosed project funding details.
First Hydrogen Corp. is exploring the deployment of Small Modular Nuclear Reactors (SMRs) in Canada and the EU to produce green hydrogen. This initiative aims to provide stable, scalable, and cost-effective green hydrogen supply, aligning with the EU's goal of producing 10 million tonnes of green hydrogen annually by 2030 and Canada's National Hydrogen Strategy. The company's Hydrogen-as-a-Service (HaaS) model encompasses production, refueling infrastructure, and hydrogen-powered vehicles. Their fuel-cell commercial vehicles have completed over 6,000 km of testing in the UK, showcasing a range exceeding 630 km per refuel. Additionally, the project presents potential for generating extra revenue by redirecting excess power to local grids. However, challenges include the lack of specified timelines and costs for SMR technology implementation, unaddressed regulatory approvals and licensing requirements, and undisclosed project funding details.