- First Hydrogen Limited, a subsidiary of First Hydrogen Corp. (FHYD), has submitted two green hydrogen production projects for funding through the UK Government’s Net Zero Hydrogen Fund (NZHF) Strand 1 program
- The Ministry of Business, Energy and Industrial Strategy (BEIS) funds the program for £240 million
- The company’s two projects will have an initial capacity of 40 MW each
- The projects in Carrington and the Thames Estuary will provide the company’s automotive customers with a substantial part of their green hydrogen needs
- First Hydrogen Corp. is a Vancouver and London UK-based company focused on zero-emission vehicles
- First Hydrogen Corp. opened trading at C$2.30 per share
First Hydrogen Corp. (FHYD) subsidiary First Hydrogen Limited, has submitted two green hydrogen production projects for an initial round of funding.
The funding is provided through the UK Government’s Net Zero Hydrogen Fund (NZHF) Strand 1 program.
The Ministry of Business, Energy and Industrial Strategy (BEIS) provides £240 million in funding for the program.
The NZHF is a UK Government’s initiative to promote the production of home-grown green hydrogen, supporting the ambitious domestic production goal of 10 GW by 2030, of which ‘at least’ 5GW will need to be from electrolytic sources.
The company’s two projects will have an initial capacity of 40 MW each and are to be situated in Carrington, Greater Manchester, and the Thames Estuary area.
These Strand 1 submissions are the first stage in obtaining financial support from the UK Government, providing grant funding to undertake Front-End Engineering and Design work, planning, and will progress the projects to the pre-construction phase.
Additional strands will provide support for construction and business model support.
Once operational, the two projects in Carrington and the Thames Estuary will provide the company’s automotive customers with a substantial part of their green hydrogen needs to operate their fleets of First Hydrogen Fuel Cell Light Commercial Vehicles.
Both have will produce an excess of 7,100 tonnes of green hydrogen per year.
“Having received support from respected economic and energy authorities for our projects, we are hopeful that our applications will secure funding to finance our first green hydrogen production sites,” said Nicholas Wrigley, Chairman of First Hydrogen Ltd.
First Hydrogen Corp. is a Vancouver and London UK-based company focused on zero-emission vehicles, green hydrogen production and distribution and supercritical carbon dioxide extractor systems.
The Net Zero Hydrogen Fund (NZHF) aims to support the commercial deployment of new low carbon hydrogen production projects during the 2020s.
First Hydrogen Corp. opened trading at C$2.30 per share.
