Next Hydrogen Solutions Inc
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Company Description
- CEO
- Jocelyne Moyer
- Full Time Employees
- 60
- Sector
- Electronic technology
- Industry
- Electronic equipment/Instruments
- Address
- 6610 Edwards Boulevard Mississauga ON Canada L5T 2V6
- IPO Date
- Jun 30, 2021
- Website
- nexthydrogen.com
- Similar Companies
- Business
- Next Hydrogen Solutions Inc. (TSXV:NXH) designs, manufactures and sells advanced alkaline water electrolyzers that use electricity, including from intermittent renewable sources, and water to produce green hydrogen gas for decarbonizing transportation, industrial processes and energy systems; its proprietary X-Series systems, including the NH-X 500 model capable of 500 Nm³/h hydrogen output with 10-30 barg delivery pressure, 99.999% purity, 10% per second ramp rates and operating turndown from 10% to 100%, feature breakthrough cell architecture with integrated gas-liquid separation, independent fluid flow paths in half-cell plates, up to 4x higher current density than traditional alkaline electrolyzers, simplified balance-of-plant design and energy efficiency exceeding U.S. Department of Energy targets at 44-53 kWh/kg H2. The company generates revenue from equipment sales, aftermarket services, preventive maintenance and development contracts, targeting customers in mobility, heavy industry and power sectors with scalable solutions for on-site hydrogen production. Founded in 2007 and headquartered in Mississauga, Ontario, Canada, Next Hydrogen operates primarily in North America with global commercialization ambitions through strategic manufacturing partnerships, such as its wide-ranging March 2025 cooperation agreement with an Asian electrolyzer manufacturer to leverage a 3GW facility for large-scale orders and its November 2024 collaboration with Pratt & Whitney to demonstrate hydrogen use in aircraft engines; most recently in November 2025, it announced a C$20-30 million equity private placement led by Smoothwater Capital Corporation, which received binding commitments exceeding C$20 million including from existing major shareholders, expects Smoothwater to become the largest shareholder with CEO Stephen Griggs joining as Executive Chair, and will fund acceleration of NH150 electrolyzer sales and manufacturing under a capital-light model, completion of the larger NH500 electrolyzer development, working capital and transition to commercial operations toward cash-flow positivity, subject to TSX Venture Exchange approval by late November 2025.
Company News
Next Hydrogen Solutions Inc. Reports Q2 2026 Financial Results and Announces Appoint of Jocelyne Moyer as President and CEO
Next Hydrogen Announces CEO Transition
Next Hydrogen, a Canadian Company, Expands Further into the Fusion Market Through Strategic Collaboration with Fusion Fuel Cycles Inc.
Next Hydrogen Solutions Inc. Announces Results of Annual General and Special Meeting of Shareholders
Next Hydrogen Solutions Inc. Reports Q1 2026 Financial Results and Provides an Update on Strategic Initiatives
Next Hydrogen Update on Private Placement
Next Hydrogen Solutions (OTC:NXHSF) Shares Up 4.1% – Time to Buy?
Next Hydrogen Closes $20.7M Equity Private Placement led by Smoothwater Capital Corporation
Next Hydrogen Solutions Inc. Announces Change of Auditor
Next Hydrogen Reports Q3 2025 Financial Results
Next Hydrogen Announces Closing of $1.5 million in Loans
Next Hydrogen Reports Q2 2025 Financial Results
Next Hydrogen Successfully Energizes Ontario's largest Onsite Clean Hydrogen Fueling Station at a Distribution Centre
Next Hydrogen Announces Aggregate of $1.5 million in Loans and Provides Corporate Update
Next Hydrogen Solutions Inc. Announces Results of Annual General Meeting of Shareholders
Next Hydrogen Reports Q1 2025 Financial Results
Next Hydrogen Reports Q4 2024 and Fiscal 2024 Financial Results
Next Hydrogen receives $5M working capital debt financing
Next Hydrogen Announces Strategic Partnership with Sungrow Hydrogen
Next Hydrogen Announces Director Resignation