First hydrogen applauds increased hydrogen refueling station target in Europe.
Vancouver, British Columbia – First Hydrogen Corp. (“FIRST HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) is encouraged that the European Parliament’s transport and tourism committee has voted in significant changes relating to hydrogen mobility and transport.
As part of the Alternative Fuels Infrastructure Regulation (AFIR), the committee agreed on targets of one hydrogen refueling station (HRS) every 100km along the Trans-European Transport Network (TEN-T) Core and Comprehensive Network, which connect all of Europe.
Recently, the European Union announced funding of €5.12 billion to co-fund 135 transport infrastructure projects that will form part of the TEN-T. European association, Hydrogen Europe, estimates the number of HRS to be 1,500 by 2030 far greater than the European Commission’s original proposal, where HRS would be installed every 150km in the Ten-T Core Network leading to 200 HRS.
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First Hydrogen recently announced its expansion to Germany, Benelux, Eastern Europe, France, Spain, Portugal and Italy to identify and sign-up fleets for European trials of the Company’s light commercial vans (LCV).
Green hydrogen facilities production opportunities will also be identified and developed to support the TEN-T Core and Comprehensive Networks. The Company’s hydrogen-as-a-service model will be a zero
emission ecosystem solution that will benefit from the EU’s move to decarbonize.
Afkenel Schipstra, First Hydrogen Energy COO, says:
We welcome the European Parliament further strengthening the case for carbon reduction enabling infrastructure.
“This proposal will lead to approximately 1,500 HRS by 2030, which is a significant increase on previous figures. This commitment strengthens our own European expansion strategy, which we announced last week. First Hydrogen’s activities now include development in Germany, France, Benelux, Spain Italy, Portugal and Eastern Europe.”
“The EU market represents some 35% of the global Light Commercial Vehicle (LCV) market, and so the European Commission’s new plans for greater hydrogen infrastructure investment will support us in identifying and signing up fleet operators to our hydrogen vehicle trials.”
Balraj Mann Chairman & CEO of First Hydrogen Corp. said:
The energy landscape in Europe needs to change dramatically now as the EU must seek an alternative to dirty and very expensive fossil fuels.
“Green hydrogen is the clear choice for Europe and the rest of the world. Global hydrogen production must double every year to 2030 in order to support a rapid clean energy transition and reduce greenhouse gas emissions.”
About First Hydrogen Corp. (FirstHydrogen.com)
First Hydrogen Corp. is a Vancouver and London UK-based company focused on zero-emission vehicles, green hydrogen production and distribution and supercritical carbon dioxide extractor systems.
The Company is designing and building hydrogen-fuel-cell-powered light commercial demonstrator vehicles (“LCV”) under two agreements with AVL Powertrain and Ballard Power Systems Inc. The LCV will have a range of 500+ kilometres. At the same time, the company has launched its bespoke vehicle design phase which will develop its fleet of proprietary zero-emission vehicles.
First Hydrogen is also developing refueling capability working with FEV Consulting GmbH, the automotive consultancy of FEV Group of Aachen Germany. The Company is also pursuing opportunities in green hydrogen production and distribution in the UK and elsewhere.
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FIRST HYDROGEN APPLAUDS INCREASED EU HYDROGEN REFUELING STATION TARGET, Vancouver, B.C., October 11, 2022
