First Hydrogen ( (TSE:FHYD) ) has issued an update.
First Hydrogen Corp. has established a wholly-owned subsidiary, First Hydrogen GmbH, in Germany as part of its strategy to expand into the European market and leverage the region’s leadership in renewable energy and hydrogen technologies. This move aligns with Germany’s significant investments in hydrogen infrastructure and its new import strategy to meet the growing demand for green hydrogen. First Hydrogen aims to provide a stable and cost-effective supply of green hydrogen, exploring innovative technologies like small modular nuclear reactors, which are recognized under the EU’s green taxonomy for sustainable investments.
More about First Hydrogen
First Hydrogen Corp. is a company based in Vancouver, Montreal, and London, UK, focused on zero-emission vehicles and green hydrogen production and distribution. The company has developed hydrogen-fuel-cell-powered light commercial vehicles, which are road-legal in the UK and have been successfully tested in real-world conditions.
YTD Price Performance: 8.00%
Average Trading Volume: 7,752
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $19.48M
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