First Hydrogen Unveils Inaugural Green Hydrogen Vans

Vancouver, British Columbia – Newsfile Corp. – November 15, 2022 – First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT) (“FIRST HYDROGEN” or the “Company“) is pleased to announce its first hydrogen fuel cell-powered van (FCEV) have commenced performance tests at the HORIBA MIRA Proving Ground, located near Birmingham, UK. These track tests will confirm the safety and performance of the light commercial vehicles (LCV) prior to the handover from powertrain specialists AVL to First Hydrogen. Last month, the vehicles were certified for UK road use ahead of a series of road trials with major UK operators, which start in January 2023. The vehicles will undertake final testing designed to fine-tune operational performance before they are available for fleet operator trials to commence in the New Year.

The Company’s inaugural vehicles have more than five times more range capability than their battery electric equivalent – achieving 400-600km range on a single fuelling compared to the 115km range of the battery electric van running at the same maximum speed¹. With a refuelling time of approximately five minutes, the time required to power First Hydrogen’s FCEVs dramatically undercuts the 5 hours and 20 minutes it takes to recharge a battery electric van².

Created to encourage adoption and whet the market appetite, the Company’s vehicle demonstrator program will inform development for future vehicle trials in European Union, United States and Canada. Feedback and high-level purchase commitments will also support the design and development of First Hydrogen’s next generation of vehicles, which it plans to bring to market in the next few years. The global light commercial vehicle market is projected to reach $786.5 billion by 2030³. These vehicles, together with First Hydrogen’s complete Hydrogen-as-a-Service (HaaS) solution, which supplies green hydrogen fuel, distribution and complementing vehicle management services, will help the sector meet zero emission targets.