- First Hydrogen (TSXV:FHYD) is building a left-hand drive model of its hydrogen-powered-fuel-cell light commercial vehicle
- The FCEV completed four trials in the U.K. that allowed them to operate in various real-world conditions
- Drivers from the trials noted the FCEV’s drivability ease, quick refuelling and range (630 km on a single refuelling)
- First Hydrogen stock last traded at C$0.49 per share
First Hydrogen (TSXV:FHYD) is building a left-hand drive model of its hydrogen-powered-fuel-cell light commercial vehicle (FCEV).
The EV stock is working to broaden its international market presence by configuring a left-hand drive model of its hydrogen-powered FCEV. This comes as the Vancouver-based company aims to cater to the diverse needs of global markets, particularly in regions where left-hand drive vehicles are the standard.
These vehicles have garnered significant attention for their environmentally friendly attributes and operational efficiency, marking a shift towards reducing carbon emissions in the commercial transport sector.
The FCEV completed four trials in the United Kingdom that allowed them to operate in various real-world conditions. Drivers from the trials noted the FCEV’s drivability ease, quick refuelling and range (630 km on a single refuelling).
“During the Wales and West Utilities trial, in wintery conditions, we were able to demonstrate our FCEV was able to sustain performance levels, while with a battery electric vehicle there is a loss of performance the colder the weather,” the company’s CEO, Balraj Mann explained in a news release. “Green hydrogen provides sustainability and zero emission reducing the carbon footprint and contributing to decarbonization goals. Our FCEVs utilizing green hydrogen will be greenhouse gas emission-free, with the only byproduct being water. We are trying to do our part for a zero-emission future.”
First Hydrogen’s FCEVs are designed to offer a viable alternative to traditional diesel-powered commercial vehicles, providing zero-emission solutions that do not compromise on performance or range. The vehicles are equipped with advanced hydrogen fuel cell technology, which converts hydrogen into electricity, emitting only water vapor as a byproduct. This makes them an ideal choice for companies seeking to reduce their carbon footprint and adhere to stricter environmental regulations.
The company’s decision to develop a left-hand drive model is a response to the increasing global emphasis on sustainability and the rising adoption of hydrogen fuel technology. As the European Union strives to become the first climate-neutral continent by 2050, the European Commission has approved four waves of hydrogen integrated projects of common European interest. In the U.S., California is the first state to launch a hydrogen hub, supported by funding from the United States Department of Energy.
First Hydrogen specializes in zero-emission vehicles and green hydrogen production and distribution. The company has designed and built hydrogen-fuel-cell-powered light commercial vehicles in partnership with AVL Powertrain and Ballard Power Systems. It is also developing a 35 MW green hydrogen production facility and vehicle assembly factory in Québec.
First Hydrogen stock (TSXV:FHYD) last traded at C$0.49 per share. The stock has given back 82.81 per cent year-over-year, but has gained 63.33 per cent since 2020.
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(Top photo of hydrogen powered fuel cell light commercial vehicle: First Hydrogen Corp.)