Mr. Raveel Afzaal reports

NEXT HYDROGEN ANNOUNCES STRATEGIC PARTNERSHIP WITH SUNGROW HYDROGEN

Next Hydrogen Solutions Inc. has signed a wide-ranging co-operation agreement with Sungrow Hydrogen Sci&Tech. Co. Ltd. to accelerate the commercialization and scale-up of its innovative water electrolysis technology.

Under this agreement, Next Hydrogen will leverage Sungrow Hydrogen's existing three-gigawatt manufacturing facility to deliver on large-volume orders starting in 2026 while ensuring continued control over the company's intellectual property and the design of its electrolyzers. Sungrow Hydrogen will also provide associated balance of plant systems, enhancing supply chain efficiency and cost competitiveness.

Additionally, the two companies will collaborate on co-development and cross-selling opportunities to offer customers a broader range of green hydrogen solutions to decarbonize ammonia, aviation fuels, refinery, steel and transportation industries.

Next Hydrogen will continue its research and development activities in Canada. To support both global and North American market requirements, Next Hydrogen and Sungrow Hydrogen are also exploring expanding Next Hydrogen's North American manufacturing footprint. This approach ensures localized production capabilities while maintaining supply chain flexibility and compliance with evolving regional clean energy policies.

"Sungrow Hydrogen is one of the largest water electrolyzer companies globally, with a dominant market share in China and strong backing from its parent company, which was recently rated No. 1 for bankability by Bloomberg NEF," said Raveel Afzaal, president and chief executive officer of Next Hydrogen. "By leveraging Sungrow Hydrogen as an OEM [original equipment manufacturer] partner, we can accelerate our path to market and efficiently scale production to meet demand for large-scale green hydrogen projects."

"Next Hydrogen has developed an innovative electrolyzer design optimized for direct connection to renewables," said Chaocai Peng, vice-president of Sungrow and chairman of Sungrow Hydrogen. "We will apply our technical innovation, commercialization and manufacturing expertise to help scale production while also leveraging Next Hydrogen's deep knowledge of the North American market. Together, we will combine our expertise in water electrolysis to deliver the best products at the best price, driving large-scale adoption of green hydrogen worldwide."

This strategic partnership positions both companies to accelerate the transition to green hydrogen, providing scalable, cost-effective solutions to support global clean energy goals.

About Next Hydrogen Solutions Inc.

Founded in 2007, Next Hydrogen Solutions 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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