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Next Hydrogen Completes Engineering Design for 10 MW Fueling Station in Expanding British Columbia Market

(Positive)
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Next Hydrogen (OTC: NXHSF) announced completion of a Basic Design Engineering Package (BDEP) for a planned 10 MW hydrogen fueling station in British Columbia with a confidential customer. The BC Project is intended to support provincial transportation-sector decarbonization using on-site green hydrogen production.

The design is based on Next Hydrogen’s commercially deployed, containerized electrolysers and standardized plant solution. According to Next Hydrogen, a Financial Investment Decision for the project is anticipated by the end of 2026, with construction targeted for late 2027 or early 2028 if the project proceeds.

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Positive

  • BDEP completed for planned 10 MW BC hydrogen fueling station
  • Design leverages commercially deployed containerized electrolysers and standardized plant solution
  • Project aligned with British Columbia transportation decarbonization initiatives and hydrogen investments

Negative

  • Financial Investment Decision for the BC Project not expected until end of 2026
  • BC Project construction only anticipated for late 2027/early 2028, implying a long lead time before potential operation

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MISSISSAUGA, Ontario, Aug. 18, 2026 (GLOBE NEWSWIRE) -- Next Hydrogen Solutions Inc. (“Next Hydrogen” or the “Company”) (TSXV:NXH) is pleased to announce that it has completed a Basic Design Engineering Package (BDEP) for a planned 10 MW fueling station in British Columbia, Canada, with a confidential customer (the “BC Project”).

The planned project would support BC’s decarbonization plans for the critically important transportation sector. British Columbia continues to invest heavily in hydrogen technology, leveraging local hydroelectricity capacity and a strong clean-tech sector. CleanBC’s Roadmap to 2030 remains the overarching strategy for decarbonization, with transportation as the largest emissions sector.

Hydrogen is increasingly positioned for medium- and heavy-duty vehicles, where batteries face range and charging-time constraints. Hydrogen-fueled trucks are now being tested in BC’s Lower Mainland where freight corridors and Hydrogen Hubs are advancing within the Province1.

The BC Project design is based upon Next Hydrogen’s Made-in-Canada, commercially deployed containerized electrolysers. A Financial Investment Decision (FID) for the BDEP Project is anticipated by the end of 2026. The BDEP enables full definition and costing of the BC Project as a key input to the FID process. Construction of the BC Project is anticipated to follow in late 2027/early 2028.

“On-site hydrogen production near or co-located with demand is the best path to competitive green hydrogen costs. Our Canadian technology is commercially operational and is ideal for working with renewable energy requiring variable operating conditions,” said Stephen Griggs, Executive Chair of Next Hydrogen. “By delivering a standardized plant solution Next Hydrogen can provide prefabricated containerized solutions for quick installation and dependable long-term operation. We are proud and grateful to support this project as British Columbia works to decarbonize the important transportation sector.”

About Next Hydrogen

Founded in 2007, Next Hydrogen is a designer and manufacturer of water electrolysers that use water and electricity as inputs to generate clean hydrogen for use as a green energy source or a green industrial feedstock. Next Hydrogen’s unique cell design architecture supported by extensive proprietary technology enables high current density operations and superior dynamic response to efficiently convert intermittent renewable electricity into green hydrogen on an infrastructure scale.

BC Hydrogen Office - Province of British Columbia(1)   

For further information contact:
Next Hydrogen Solutions Inc.
Stephen J. Griggs Executive Chair
Email: sgriggs@nexthydrogen.com
Phone: 416 986 2207
www.nexthydrogen.com

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements

This term sheet is non-binding, and the contemplated collaboration remains subject to the negotiation and execution of definitive agreements. There can be no assurance that definitive agreements will be entered into on the terms contemplated, or at all.

This news release contains “forward-looking information” and “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes”, or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the Company’s focus and go-forward business plans; the risks associated with the hydrogen industry in general; uncertainty with respect to the timing of any contemplated transactions or partnerships, or whether such contemplated transactions or partnerships will be completed at all; the timing for any submissions or correspondences with applicable securities law regulators; the uncertainty of estimates and projections relating to costs and expenses; failure to obtain timely necessary regulatory approvals and all required TSXV approvals; health, safety and environmental risks; uncertainties resulting from potential delays or changes in plans with respect to infrastructure developments or capital expenditures; currency exchange rate fluctuations; general economic conditions; stock market volatility; and the ability to access sufficient capital. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, the Company will not update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change.


FAQ

What did Next Hydrogen (NXHSF) announce about the 10 MW BC fueling station on August 18, 2026?

Next Hydrogen announced completion of the Basic Design Engineering Package for a planned 10 MW hydrogen fueling station in British Columbia. According to Next Hydrogen, this design defines scope and costing, supporting a future Financial Investment Decision for the BC Project.

When is the Financial Investment Decision expected for Next Hydrogen's 10 MW BC Project (NXHSF)?

The Financial Investment Decision for the BC Project is anticipated by the end of 2026. According to Next Hydrogen, the completed BDEP provides the detailed technical and cost information required as a key input into that decision process with the confidential customer.

When could construction start on Next Hydrogen's 10 MW BC fueling station project?

Construction of the planned 10 MW BC fueling station is anticipated for late 2027 or early 2028. According to Next Hydrogen, this construction schedule would follow a positive Financial Investment Decision based on the completed Basic Design Engineering Package.

What technology is Next Hydrogen using for the planned 10 MW BC fueling station?

The BC Project design uses Next Hydrogen’s made-in-Canada, containerized water electrolysers and standardized plant solution. According to Next Hydrogen, these electrolysers are commercially deployed and designed for variable renewable power, enabling on-site green hydrogen production near or at end-use demand.

How does Next Hydrogen's 10 MW BC Project support British Columbia's decarbonization plans?

The planned 10 MW fueling station would supply green hydrogen for transportation, British Columbia’s largest emission sector. According to Next Hydrogen, the project aligns with CleanBC’s Roadmap to 2030 and growing hydrogen use for medium- and heavy-duty vehicles in the province.

Who is the customer for Next Hydrogen's 10 MW BC fueling station project (NXHSF)?

The customer for the planned 10 MW BC fueling station is described as a confidential customer. According to Next Hydrogen, the company has completed the Basic Design Engineering Package for this customer, but no additional customer identity details were disclosed.