Next Hydrogen Solutions Inc., based in Mississauga, Ontario, reported its financial results for Q1 2025, highlighting significant progress in various aspects of its business. The company's President & CEO, Raveel Afzaal, emphasized the value proposition of their water electrolyzers supported by over 40,000 hours of data and partnerships with industry giants like Casale, GE Vernova, and Pratt & Whitney. Financially, Next Hydrogen reported a cash balance of $1.5M as of March 31, 2025, with a focus on scaling up their product line to 8MW and demonstrating a strong execution pathway for large volume manufacturing. The company's revenue for the period was $0.3M, and it received a $5M working capital debt facility from Export Development Canada to support its growth plans. The company achieved several milestones, including partnerships with hydrogen production system manufacturers and securing ISO certifications for its operations. The appointment of Adarsh Mehta, a renewable energy expert, to the board of directors further strengthens Next Hydrogen's leadership team. Collaborations with Pratt & Whitney on hydrogen use in aircraft engines, successful tests for second-generation electrolysis cells, and contracts with institutions like the University of Minnesota showcase Next Hydrogen's technological advancements and market expansion efforts. These achievements position the company as an industry leader in green hydrogen production infrastructure and energy efficiency, driving its growth and competitive edge in the market.