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First Hydrogen Corp. (FHYDF) provides an update on corporate developments for Q1 2024, highlighting successful FCEV trials and hydrogen ecosystem partnerships. The company aims to increase FCEV adoption, expand production facilities, and collaborate with key players in the green hydrogen market.
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First Hydrogen Corp. successfully completes hydrogen fuel cell-powered vehicle trials with Wales & West Utilities, showcasing the FCEV's capabilities and performance in demanding conditions. The trials provide valuable data for future development and demonstrate the potential for hydrogen mobility in fleet operations. The global market for hydrogen fuel cell vehicles is projected to grow significantly, with fleet operators like WWU driving zero-emission vehicle adoption.
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First Hydrogen Corp. (FHYDF) announces positive initial findings from vehicle trials with Wales & West Utilities, showcasing the exceptional performance of its hydrogen-powered fuel cell vehicle (FCEV) in real-world operations. The trials demonstrate that the FCEV maintains its performance and range in colder temperatures, unlike battery electric vehicles (BEVs) that suffer from battery degradation in similar conditions. The FCEV's ability to operate for 6-7 hours per day in temperatures ranging from 2°C to 17°C without range impact is a significant advantage for fleet operators seeking zero emissions solutions.
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First Hydrogen Corp. partners with WWU, Protium, and Hyppo to build a hydrogen ecosystem for FCEVs, aiming to accelerate adoption and decarbonization. The trial uses Protium's hydrogen and Hyppo's refuelling infrastructure, showcasing the potential for rapid deployment and scalability. The global Hydrogen Fuel Cell Vehicle market is projected to reach USD $132.63 billion by 2031, driven by government incentives, environmental regulations, and automakers' sustainability focus.
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First Hydrogen Corp. announces month-long vehicle trials with Wales & West Utilities for its hydrogen fuel cell powered vehicle, which can travel over 630km on a single refueling. The trials aim to demonstrate the vehicle's advantage over battery electric vehicles (BEVs) in lower temperatures and generate performance data for utility businesses seeking zero emissions solutions.
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First Hydrogen Corp. announces trials of hydrogen fuel cell-powered light commercial vehicle with Wales & West Utilities. The FCEV will operate from WWU's Swansea depot, supporting network engineers for customer call outs and repair work. The trial will showcase the FCEV's advantage over battery electric vehicles in range, payload towing, and fast refueling capabilities. The global hydrogen vehicle market is projected to reach US$57.9 billion by 2032, growing at a CAGR of 43%. WWU provides gas supply and connections to more than 7.5 million customers in Wales and southwest England. The company is committed to developing cleaner and greener energy solutions and has announced a proposal to develop a major hydrogen pipeline across South Wales.
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First Hydrogen Corp. announces the results of a North American market study highlighting the demand for hydrogen-powered-fuel-cell light commercial vehicles, with an estimated 6 million vehicles and expected growth to over 8 million units by 2035. The emerging green hydrogen market is expected to grow to US$1.4 trillion per year by 2050. The global hydrogen fuel cell vehicles market is projected to grow from US$1.5 billion in 2022 to US$62.9 billion by 2032, at 45.2% CAGR. The company's FCEV trials have shown advantages over battery electric vehicles in range, payload towing, and fast refueling capabilities, with a range over 630 kilometers (400 miles), ahead of the 193 kilometers (120 miles) WLTP minimum range requirement of the zero-emission mandate.
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First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT) is pleased with Honourable Steven Guilbeault, Minister of Environment and Climate Change, announcement of Canada's new Electric Vehicle Availability Standard (the 'Standard'). The Standard aims to increase the supply of clean, zero-emission vehicles in Canada, including the Company's hydrogen-powered fuel-cell vehicles. First Hydrogen has plans for a 35-megawatt hydrogen production plant and a 25,000 per year zero-emission vehicle assembly facility in Quebec. The company's FCEV has shown advantages over BEVs in range, payload towing, and fast refueling capabilities. Global Market Insights reported that the light commercial vehicle market is anticipated to grow at 9% CAGR to US$19.9 trillion from 2023 to 2032, contributing to the demand for new and advanced commercial vehicles.
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First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT) is launching its new hydrogen-powered-fuel-cell vehicle (FCEV) program for North America following successful UK vehicle trials. The program aims to align with the Company's expansion plan and the maturity of Quebec's hydrogen ecosystem, with plans to develop two additional demonstrator FCEVs. First Hydrogen's FCEV trials have shown hydrogen power to be essential for fleet operators in sectors such as grocery, parcel delivery, mining, and utilities. The Company plans to build a vehicle assembly facility and green hydrogen production plant in Shawinigan, Quebec, targeting an annual production of up to 25,000 vehicles for distribution throughout North America, led by Stéphane Gagnon as the Lead Engineer.
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First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT) has signed a term sheet with EV Technologies Inc. to develop a high-power compact battery for hydrogen-powered fuel cell vehicles. The company will own all intellectual property developed during the partnership. The new battery system is expected to have greater efficiency and increased performance for its hydrogen-powered FCEVs, with a range of 630 km on a single refueling, doubling the range of electric light commercial vehicles. Global Market Insights reported the light commercial vehicle market surpassed US$7.8 trillion in 2022 and is anticipated to grow at 9% CAGR to US$19.9 trillion from 2023 to 2032.
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