Next Hydrogen Solutions Inc., based in Mississauga, Ontario, announced that it has secured a $5M working capital debt facility from Export Development Canada (EDC) to support its growth opportunities. The President & CEO of Next Hydrogen, Raveel Afzaal, expressed gratitude for the support from EDC, emphasizing the company's world-class electrolyser design that enables efficient, large-scale, and low-cost green hydrogen production. The partnership with EDC aligns with Next Hydrogen's goal of leveraging their innovative technology to contribute to the decarbonization of hard-to-abate sectors. Tushar Handiekar, the group head and VP of Structured and Project Finance at EDC, highlighted EDC's excitement in supporting Next Hydrogen's ambitions for large-scale adoption of green hydrogen solutions. The collaboration is seen as the beginning of an important strategic relationship that can position Next Hydrogen as a leader of Canadian innovation on a global stage. Founded in 2007, Next Hydrogen Solutions Inc. specializes in designing and manufacturing innovative water electrolyzers that generate clean hydrogen using water and electricity. The company's unique cell design architecture, supported by 40 patents, allows for high current density operations and superior dynamic response, facilitating the efficient conversion of intermittent renewable electricity into green hydrogen on an infrastructure scale. Next Hydrogen, following successful pilots, is now focusing on scaling up its technology to deliver commercial solutions aimed at decarbonizing transportation and industrial sectors. The announcement emphasizes the significance of this financial support from EDC in propelling Next Hydrogen towards achieving its objectives of innovation and sustainability. The company's commitment to green energy solutions and global partnerships underscores its dedication to making a positive impact on the environment and addressing the challenges of climate change.