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First Hydrogen ( (TSE:FHYD) ) just unveiled an update.
First Hydrogen Corp. has launched a subsidiary, First Nuclear Corp., to advance clean energy through the use of Small Modular Reactors (SMRs) for green hydrogen production. This initiative aims to support global decarbonization efforts by providing a stable and efficient process for producing green hydrogen, leveraging the benefits of SMRs such as scalability, safety, and cost-effectiveness. The integration of SMRs into First Hydrogen’s operations enhances their Hydrogen-as-a-Service model, offering a comprehensive energy ecosystem that facilitates the transition to hydrogen-powered solutions.
More about First Hydrogen
First Hydrogen Corp. is a company based in Vancouver, Montreal, Germany, and London, UK, focusing on zero-emission vehicles, green hydrogen production, and distribution. The company has developed hydrogen-fuel-cell-powered light commercial vehicles that are road-legal in the UK and have been successfully tested in real-world conditions.
YTD Price Performance: 19.60%
Average Trading Volume: 7,656
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $21.13M
Learn more about FHYD stock on TipRanks’ Stock Analysis page.