Next Hydrogen Solutions Inc., based in Mississauga, Canada, showcased its financial performance for Q1 2025 with a cash balance of $1.5M but reported a net loss of $3M. The company, a designer and manufacturer of electrolyzers, aims to scale up its product line to 8MW and demonstrate strong execution in large volume manufacturing to drive growth. Next Hydrogen received a $5M working capital debt facility from the Export Development Canada to support its expansion plans. Strategic partnerships with industry leaders such as Casale, GE Vernova, and Pratt & Whitney have allowed Next Hydrogen to enhance its market presence and drive innovation in the green hydrogen space. The company's recent milestones include achieving over 40,000 hours of data on its technology, securing ISO quality and safety certifications, and appointing a renewable energy expert to its Board. Collaborations with Pratt & Whitney for hydrogen use in aircraft engines and projects with research institutions further showcase Next Hydrogen's commitment to advancing sustainable hydrogen solutions.