First Hydrogen Corp Stock Price, News & Analysis

First Hydrogen Corp. has appointed Carlo Alberto D'Amicis as the new Chief Financial Officer of First Hydrogen Limited to aid in its growth within the automotive and energy sectors. D'Amicis, previously with RHI Magnesita, brings extensive experience in corporate finance and mergers. His role will focus on delivering hydrogen-powered light commercial vehicles and establishing green hydrogen production sites. The company is advancing toward zero-emission transport solutions, aligning with increasing governmental and investor interest in hydrogen technology.

First Hydrogen Corp. has extended its consulting relationship with FEV Group to enhance the technology strategy for its bespoke hydrogen fuel cell-powered light commercial vehicles (LCV). This collaboration will focus on product specifications and advanced functionalities. The UK government aims to double hydrogen production by 2030, with First Hydrogen planning up to four production sites, targeting an initial capacity of 80 MW to 160 MW. The company seeks to contribute to climate initiatives through its vehicle designs and hydrogen production efforts.

First Hydrogen Corp. (TSXV:FHYD) announced that its two fuel cell-powered light commercial demonstrator vehicles are on track for operational testing by next month. Built in collaboration with AVL Powertrain UK and equipped with Ballard Power Systems' fuel cells, these vehicles are expected to be road-legal by September 2022. Operational trials will involve major fleet operators to enhance product development. The vehicles promise over 500 km of range compared to 115 km for traditional EVs, with a refueling time of approximately five minutes.

First Hydrogen Corp. (FHYDF) has appointed Stephen Pendrey as Chief Engineer for its Automotive division, enhancing its UK technical team. With over 35 years in automotive product development, Pendrey has worked with major companies like Jaguar Land Rover and Daimler Trucks. His leadership aims to accelerate the development of zero-emission utility vehicles and mass-manufactured fuel cell electric vehicles (FCEVs). Road testing for demonstrator vehicles is set to begin soon, showcasing First Hydrogen's commitment to innovative transportation solutions.

First Hydrogen Corp. is advancing its Energy Division with a detailed strategy for green hydrogen production in the UK and Canada. The company has identified four industrial sites across the UK to establish large refueling stations and hydrogen production sites, aiming for a total capacity between 80 MW and 160 MW. Discussions with landowners and engineering consultants are underway. The initiative aligns with the UK’s goal for 10 GW of domestic hydrogen production, aiding in securing government financial support. A green hydrogen van is set to undergo testing in June 2022.

First Hydrogen Corp. (TSXV:FHYD, OTC PINK:FHYDF) announced progress on its two hydrogen fuel cell electric vehicle (FCEV) demonstrators in partnership with Ballard Power Systems and AVL Powertrain. Located at AVL's UK headquarters, one vehicle is undergoing design assessments for hydrogen fuel cell integration, while the second focuses on control systems. The first fuel cell stack has been constructed and shipped to Austria for optimization, targeting road testing by June 2022, and final delivery by September 2022. The company is also developing green hydrogen production projects, highlighting its commitment to zero-emission vehicles.

First Hydrogen Corp. has launched First Hydrogen Energy to focus on green hydrogen production and distribution. The new division aims to secure fixed-price green hydrogen for automotive customers by developing 25 MW production sites in the UK, Italy, Germany, and Canada. Key advisors from Ballard Power and INEOS have joined the team. The initiative aligns with global energy transition efforts towards zero-emission technologies. First Hydrogen is also engaged in developing a hydrogen-fuel-cell-powered commercial vehicle with AVL Powertrain and Ballard Power Systems.

First Hydrogen Corp. has appointed Dr. Peter Williams as a Non-Executive Director of its UK subsidiary, enhancing its focus on hydrogen-fuelled vehicles and green hydrogen production. With over 40 years in the industry, including roles at INEOS and BP, Williams is expected to contribute significantly to the development of zero-emissions transportation solutions. This leadership change aligns with First Hydrogen's strategy to grow its commercial fleet and refueling capabilities.