Next Hydrogen receives $5M working capital debt financing
Mississauga, April 22, 2025 — Next Hydrogen Solutions Inc. (“Next Hydrogen” or “Company”) (TSXV:NXH, OTC:NXHSF) is pleased to announce it has received a $5M working capital debt facility from Export Development Canada (“EDC”).
Raveel Afzaal, President & CEO of Next Hydrogen, said:
We are grateful for this very meaningful support from EDC to help support our growth opportunities.
“We have a world class electrolyser design with a revolutionary cell architecture which enables highly efficient, large scale and low-cost green hydrogen production.With 75% of the world GDP having policies to grow the hydrogen economy, EDC is providing us with the opportunity to make a global impact to decarbonize hard-to-abate sectors.”
Tushar Handiekar, group head and VP, Structured and Project Finance at EDC., said:
EDC is thrilled to support Next Hydrogen’s ambitions for large scale adoption of green hydrogen solutions,
“The deployment of its innovative electrolyser, combined with Next Hydrogen’s technical expertise and global partnerships can position the company as leader of Canadian innovation on the global stage, and EDC views this as the beginning of an important strategic relationship.”
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Next Hydrogen receives $5M working capital debt financing, source
