- First Hydrogen (FHYD) has signed an agreement with the City of Shawinigan for the purchase of two plots of land
- The project plan is to produce up to 35MW of green hydrogen using advanced electrolysis technology and distribute the hydrogen within the Montréal-Québec City corridor for use with the company’s light commercial vehicles (LCV)
- The assembly factory will be designed for an annual production of 25,000 vehicles a year when at full capacity
- First Hydrogen Corp (FHYD) opened trading at C$2.98 per share
First Hydrogen (FHYD) has signed an agreement with the City of Shawinigan for the purchase of two plots of land.
The project plan is to produce up to 35MW of green hydrogen using advanced electrolysis technology and distribute the hydrogen within the Montréal-Québec City corridor for use with the company’s light commercial vehicles (LCV) and other hydrogen-fuelled vehicles in the province.
First Hydrogen LCVs are planned to be assembled in Shawinigan for distribution throughout North America. The assembly factory will be designed for an annual production of 25,000 vehicles a year when at full capacity.
The company’s Chairman and CEO, Balraj Mann called Shawinigan the ideal place to establish a hydrogen ecosystem.
“The city and region are very well positioned, with rich renewable energy resources, developing industrial communities and a growing green energy economy. It will also be very important to work closely with the regional education network to create the skills required for tomorrow. We are very happy that Investissement Québec recommended Shawinigan to us and we project that our combined projects will ultimately create hundreds of jobs for the region.”
Feasibility engineering and related site development activities will start once the agreements are fully ratified by the city of Shawinigan municipal authorities, expected to be held sometime in May.
First Hydrogen designs and manufactures zero-emission, long-range hydrogen-powered utility vehicles in the UK, EU, and North America.
First Hydrogen Corp (FHYD) opened trading at C$2.98 per share.
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