Canadian Government Boosts Next Hydrogen Corp. for Green Hydrogen Production
Key Ideas
  • Next Hydrogen Corporation, a Mississauga-based clean tech company, secured a $2 million loan from the Canadian government to boost its production of innovative water electrolyzers for green hydrogen.
  • The investment aims to support Canada's position as a global leader in green manufacturing and create sustainable jobs in the clean technology sector.
  • The company's plans for increased manufacturing processes align with the rising demand for green hydrogen in transportation and industrial sectors, supported by partnerships with notable organizations like Atomic Energy of Canada Limited and Hyundai.
  • Next Hydrogen's president expressed gratitude for the funding that will aid in achieving key milestones, enhancing manufacturing readiness, and positioning the company as a leader in the water electrolysis industry.
Next Hydrogen Corporation, a clean tech company based in Mississauga, Canada, received a significant boost from the Canadian government in the form of a $2 million loan. This investment was announced by Filomena Tassi, the minister responsible for the Federal Economic Development Agency for southern Ontario. The company, established in 2007, specializes in designing and manufacturing water electrolyzers that connect with renewable energy sources to produce cost-effective green hydrogen. The loan will enable Next Hydrogen to expand its manufacturing processes to cater to the growing demand for green hydrogen, especially in sectors like transportation and industry. Noteworthy partners of the company include Atomic Energy of Canada Limited, Canadian Tire, Hyundai, and more. Furthermore, the funding will support Next Hydrogen in achieving crucial milestones such as ISO 9001 certification and enhancing its process, quality, and supply chain development activities. This initiative aligns with Canada's goals of promoting clean technology and creating sustainable job opportunities in the green energy sector. Next Hydrogen had previously received a $5 million grant from Sustainable Development Technology Canada, further highlighting the company's commitment to advancing green hydrogen production.
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