First Hydrogen Establishes First Hydrogen GmbH
Vancouver, British Columbia–(Newsfile Corp. – March 10, 2025) – First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT) (“FIRST HYDROGEN” or the “Company“) is pleased to announce the incorporation of its wholly-owned German subsidiary, First Hydrogen GmbH. The establishment of First Hydrogen GmbH is part of the Company’s strategy to expand its presence into the European market and capitalize on the region’s growing demand for clean energy solutions. Establishing First Hydrogen GmbH aligns with the Company’s broader strategy to leverage Germany’s and the European Union’s (“EU”) leadership in renewable energy and hydrogen technologies. Green hydrogen will be one of Germany’s solutions for decarbonizing hard-to-abate sectors like heavy industry and achieving its climate goals.
Parties in talks to form Germany’s new government agreed to create a €500-billion special fund to boost the country’s infrastructure. Germany has made significant investments in hydrogen infrastructure and a strong policy framework supporting the adoption of green hydrogen. Current domestic production alone cannot meet the country’s hydrogen demand, prompting the government to adopt a new import strategy last month. This strategy aims to secure a stable, diversified supply of hydrogen and its derivatives, such as ammonia and methanol, to address an estimated 50 to 70 percent of Germany’s projected demand of 95 to 130 terawatt hours (TWh) by 2030. The plan includes expanding import pipelines, shipping infrastructure, and fostering partnerships with exporting countries (newclimate.org).
First Hydrogen’s initiative will be to provide a stable, scalable and cost-effective supply of green hydrogen including the application of small modular nuclear reactors (“SMRs”). The Company is evaluating new innovative SMR technologies that meets the company’s objectives. The European Union has recognized nuclear with a green label under its taxonomy. Under the EU green taxonomy, European investments will be directed towards activities considered to be sustainable and contribute to climate change. Nuclear energy is an essential component of the decarbonization strategy of countries around the world as it produces low CO2 levels (70 times less CO2 than coal; 40 times less than gas; 4 times less than solar energy; 2 times less than hydroelectricity; and the same amount as wind energy) (Green Label).
Balraj Mann, CEO of First Hydrogen commented,
Germany has approved plans for a €19 billion, 9,040-kilometer hydrogen network, set to be fully operational by 2032.
“This core network will connect industrial hubs, such as steel producers, aiming to decarbonize. SMRs offer the flexibility of producing green hydrogen and have the ability to supply electricity, at a low cost.”
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First Hydrogen Establishes First Hydrogen GmbH, source
