MISSISSAUGA, Ontario, Jan. 19, 2022 (GLOBE NEWSWIRE) -- Next Hydrogen Solutions Inc. (the “Company” or “Next Hydrogen“) (TSXV:NXH, OTC:NXHSF), a designer and manufacturer of hydrogen electrolyzers, is pleased to announce that it has been selected by Black & Veatch, a global engineering, procurement, consulting and construction company, to participate in their IgniteX Climate Tech Accelerator program. This program will allow Next Hydrogen and Black & Veatch to collaborate on the development of green hydrogen solutions that have the potential to significantly decarbonize the industrial and transportation industries.
Next Hydrogen was selected among nearly 100 companies to participate in the program, which provides funding and support to companies on the cutting edge of climate technology.
Together, Black & Veatch and Next Hydrogen will develop engineered solutions for the production of green hydrogen in industrial uses such as ammonia, steel and cement, and transportation applications such as heavy mobility and off-highway fleets. Next Hydrogen’s unique hydrogen technology expertise and Black & Veatch’s vast network and engineering leadership will offer an integrated hydrogen solution to clients worldwide to help them achieve their decarbonisation and ESG initiatives.
About Next Hydrogen
Founded in 2007, Next Hydrogen is a designer and manufacturer of electrolyzers that use water and electricity as inputs to generate clean hydrogen for use as an energy source. Next Hydrogen’s unique cell design architecture supported by 38 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.
About Black & Veatch
Black & Veatch is an employee-owned global engineering, procurement, consulting, and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, they have helped clients improve the lives of people around the world by addressing the resilience and reliability of the most important infrastructure assets. Their revenues in 2020 exceeded US$3.0 billion. Follow them on www.bv.com and on social media.
Raveel Afzaal, President and Chief Executive Officer
Next Hydrogen Solutions Inc.
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 risks associated with the hydrogen industry in general; delays or changes in plans with respect to infrastructure development or capital expenditures; the uncertainty of estimates and projections relating to costs and expenses; failure to obtain necessary regulatory 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; as well as 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, there will be no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change.
Source: Next Hydrogen Corporation