Mr. Raveel Afzaal reports

NEXT HYDROGEN ACHIEVES ENERGY EFFICIENCY TARGETS FOR ITS NEW GEN2 WATER ELECTROLYSERS

Next Hydrogen Solutions Inc. has met its energy efficiency targets for its new second-generation GEN2 water electrolyzer technology.

Next Hydrogen is launching its next-generation GEN2 large-scale, low-cost green hydrogen production systems. A key performance aspect is the ability to maintain good energy efficiency at high hydrogen production rates. Next Hydrogen has achieved its target cell performance of 1.90 volts/cell at one ampere/square centimetre and 70 degrees.

This exceeds recently reported U.S. Department of Energy (DOE) technical targets status for energy efficiency, while maintaining a two-times-higher peak operating point. Notably, Next Hydrogen's 2024 targets also exceed DOE 2026 targets.

"Our GEN2 performance achievement is just the start of our quest to achieve industry-leading electrolysis cell performance," said Raveel Afzaal, president and chief executive officer of Next Hydrogen. "Our GEN3 cell development program is already yielding very promising results and exciting early progress toward our ambitious next step rapid development targets."

Next Hydrogen's GEN3 cell development program includes collaboration with the National Research Council of Canada (NRC). The NRC is supporting the project through its continuing Materials for Clean Fuels Challenge program, and a team of researchers led by Dr. Sharon Chen has been working with Next Hydrogen at the NRC's Energy, Mining and Environment Research Centre's new advanced materials research facility in Mississauga, Ont.

"We are pleased to collaborate with Next Hydrogen to help them achieve their energy efficiency objectives," said Dr. Chen. "Our work with Next Hydrogen focuses on the design, synthesis and characterization of advanced electrocatalysts, and the NRC's research expertise contributes to the development of cutting-edge materials essential to building greener and more efficient technologies."

"We are very appreciative of the opportunity to work with the National Research Council of Canada on this important technology development effort," added Mr. Afzaal. "We also are grateful for the valuable advisory services and funding from the NRC Industrial Research Assistance Program (NRC IRAP), as well as funding from Sustainable Development Technology Canada to support this project and other related GEN2 and GEN3 development activities."

About Next Hydrogen Solutions Inc.

Founded in 2007, Next Hydrogen is a designer and manufacturer of water electrolyzers 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 40 patents enables high-current-density operations and superior dynamic response to efficiently convert intermittent renewable electricity into green hydrogen on an infrastructure scale. Following successful pilots, Next Hydrogen is scaling up its technology to deliver commercial solutions to decarbonize transportation and industrial sectors.

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