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About Next Hydrogen Solutions
Its shares trade on TSX Venture under the ticker NXH.V. It has been listed since 30 June 2021. In the fiscal year to 31 December 2025, it reported revenue of C$3.4m and a net loss of C$7.7m. At that date it held total assets of C$29.0m and shareholders' equity of C$12.1m.
Next Hydrogen Solutions, Inc. engages in the development and production of elctrolyzers and balance of plant equipment. The company is headquartered in Mississauga, Ontario. The company went IPO on 2021-06-30. The Company’s cell design architecture is supported by approximately 40 patents, which enables high-current density operations to convert intermittent renewable electricity into green hydrogen on an infrastructure scale. The firm is focused on scaling up its technology to deliver commercial solutions to decarbonize transportation and industrial sectors. Its product is a large-scale hydrogen generator, which makes hydrogen at the user's site from common plant utilities - water and electricity. The hydrogen generator system uses water electrolysis to generate high-purity hydrogen on demand. The firm's products include Model NH-100, Model NH-300 and Model NH-500. The firm's Industrial Hydrogen is used for many processes such as refining and fertilizer production.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Industrials
- Industry
- Machinery
- Listed since
- 30 Jun 2021
- Employees
- 43
- Website
- nexthydrogen.com ↗
Leadership
Pay as last reported
- Mr. Allan MackenzieIndependent Chairman of the BoardC$50,000
- Mr. Raveel AfzaalPresident, Chief Executive Officer, Director, since 2021C$261,395
- Mr. Rohan AdvaniChief Financial OfficerC$267,588
- Dr. Michael StempChief Technology OfficerC$281,584
- Mr. Robert CampbellChief Commercial Officer
- Dr. Jim HinatsuChief Product OfficerC$277,961
- Mr. Jens ClausenIndependent DirectorC$50,000
- Mr. Anthony GuglielminIndependent DirectorC$50,000
- Mr. Walter HowardIndependent Director, since 2018C$50,000
- Ms. Adarsh MehtaIndependent Director
- Ms. Susan UthayakumarIndependent DirectorC$50,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Next Hydrogen Solutions Inc. has 43 employees focused on developing electrolyzers and balance of plant equipment in Mississauga, Ontario.
- The company holds approximately 40 patents supporting its cell design architecture for high-current density operations in hydrogen production.
- Next Hydrogen Solutions Inc. offers three product models: NH-100, NH-300, and NH-500 for large-scale hydrogen generation.
Weaknesses
- Next Hydrogen Solutions Inc. is a recent IPO company with a listing date of June 30, 2021, which may limit its market presence.
- The company operates solely in the Industrials sector within the Machinery industry, restricting its diversification.
- The firm's product focus on large-scale hydrogen generators may limit its ability to serve smaller market segments.
Opportunities
- Next Hydrogen Solutions Inc. can leverage its 40 patents to expand into new industrial applications for hydrogen generation.
- The growing demand for green hydrogen in decarbonizing transportation and industrial sectors presents a significant market opportunity.
- The company's focus on scaling up technology aligns with global trends toward renewable energy infrastructure.
Threats
- Next Hydrogen Solutions Inc. faces competition in the Machinery industry for hydrogen production equipment.
- The reliance on intermittent renewable electricity for hydrogen generation could pose operational challenges during energy shortages.
- The company's limited employee count of 43 may hinder its ability to rapidly respond to market demands.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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