Next Hydrogen Solutions Inc., based in Mississauga, Ontario, has announced the receipt of a $5M working capital debt facility from Export Development Canada (EDC) to enhance its growth opportunities in the green hydrogen sector. The company's President & CEO, Raveel Afzaal, expressed gratitude for the support, emphasizing Next Hydrogen's advanced electrolyser design with a revolutionary cell architecture that enables efficient, large-scale, and cost-effective green hydrogen production. This development aligns with the global trend, as 75% of the world GDP has policies aimed at growing the hydrogen economy. Tushar Handiekar, group head and VP of Structured and Project Finance at EDC, highlighted EDC's enthusiasm in supporting Next Hydrogen's efforts towards the large-scale adoption of green hydrogen solutions. The company's innovative electrolyser technology, combined with its technical expertise and global partnerships, positions it as a leader in Canadian innovation on a global platform. Founded in 2007, Next Hydrogen Solutions Inc. specializes in designing and manufacturing water electrolyzers that utilize water and electricity to produce clean hydrogen for various applications in green energy and industry. Their unique cell design architecture, backed by 40 patents, allows for high current density operations and superior dynamic response, facilitating the conversion of intermittent renewable electricity into green hydrogen at an infrastructure scale. Following successful pilot projects, Next Hydrogen is scaling up its technology to offer commercial solutions that contribute to the decarbonization of transportation and industrial sectors. The company's strategic partnership with EDC marks a significant step towards achieving its goal of making a global impact in the field of green hydrogen production and utilization. For more information, visit Next Hydrogen's website.