Next Hydrogen Solutions Inc., based in Mississauga, Ontario, announced that it has secured a $5M working capital debt facility from Export Development Canada (EDC) to support its growth opportunities. The President & CEO, Raveel Afzaal, expressed gratitude for EDC's support, highlighting their innovative electrolyser design that enables efficient, large-scale, and low-cost green hydrogen production. The collaboration with EDC aims to make a global impact in decarbonizing hard-to-abate sectors, especially with 75% of the world GDP having policies to boost the hydrogen economy. Tushar Handiekar, VP at EDC, emphasized their excitement in supporting Next Hydrogen's ambitions for widespread adoption of green hydrogen solutions, positioning the company as a Canadian leader in global innovation. Founded in 2007, Next Hydrogen specializes in designing water electrolyzers that generate clean hydrogen for green energy use. Their unique cell design architecture, supported by 40 patents, allows for high current density operations and efficient conversion of renewable electricity into green hydrogen at an infrastructure scale. With successful pilots, Next Hydrogen is scaling up its technology to offer commercial solutions for decarbonizing transportation and industrial sectors. The company's future plans involve leveraging technical expertise and global partnerships to drive decarbonization efforts in line with global hydrogen economy policies. This positive collaboration with EDC marks the beginning of an important strategic relationship that aims to propel Next Hydrogen as a key player in advancing sustainable energy solutions.