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Next Hydrogen Solutions debuts on TSXV and raises $55.5M to scale up its alkaline electrolyzer tech

Next Hydrogen Solutions Inc. (TSXV-NXH) CEO Raveel Afzaal tells Proactive the Toronto, Canada-based clean hydrogen energy generator is working on scaling up its technology to convert intermittent renewable electricity into green hydrogen. Afzaal says the group, who recently listed its shares on the TSX Venture Exchange, raised $55.5 million in a private placement, the bulk of which will be used towards product development over the next three years, as well as moving into its 24MW manufacturing facility in September.

Quick facts: Next Hydrogen Solutions Inc

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TSX-V:NXH

Price: 4.81 CAD

Market Cap: $110.07 m

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