Next Hydrogen Solutions Inc., based in Mississauga, Canada, has announced the reception of a $5 million working capital debt facility from Export Development Canada (EDC) to bolster its growth initiatives in green hydrogen production. The President & CEO of Next Hydrogen, Raveel Afzaal, expressed gratitude for the support from EDC, highlighting the potential of their electrolyser design and cell architecture for efficient and low-cost green hydrogen production. With a significant portion of the world's GDP focusing on hydrogen economy growth, the funding from EDC enables Next Hydrogen to contribute to decarbonization efforts in challenging sectors. Tushar Handiekar, the group head and VP of Structured and Project Finance at EDC, emphasized the importance of supporting Next Hydrogen's vision for widespread adoption of green hydrogen solutions. The innovative electrolyser technology, combined with Next Hydrogen's expertise and global partnerships, positions the company as a frontrunner in Canadian innovation with the potential for global leadership. The partnership between Next Hydrogen and EDC signifies the beginning of a strategic alliance aimed at driving the global acceptance of green hydrogen solutions to combat climate change and promote sustainable practices.