Climate Change Data

Next Hydrogen Solutions Inc.

Climate Impact & Sustainability Data (2024-01 to 2024-03)

Reporting Period: 2024-01 to 2024-03

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Renewable Energy

Environmental Achievements

  • Met energy efficiency targets exceeding US Department of Energy targets for its second-generation water electrolyzer technology.
  • Developed a second-generation water electrolyzer with improved energy efficiency.

Social Achievements

  • Appointed Mr. Rob Campbell as Chief Commercial Officer.
  • Received $0.8M in research and development funding from the National Research Council of Canada Industrial Research Assistance Program (NRCC IRAP).
  • Awarded $5.1M from Sustainable Development Technology Canada (SDTC) towards the development and demonstration of its next-generation electrolysis technology.

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Achieve 1.70 V/cell at 1.2 A/cm2 during 2024 for its water electrolyzer technology.

Environmental Challenges

  • Competition in the renewable energy industry.
  • Risks related to the continuing development of the industry and regulation.
  • Capital requirements for research and development and commercialization.
  • Risks related to project completion, cost overruns, and financing.
  • Risks related to compliance with regulations in multiple jurisdictions.
  • Risks related to the development of the clean power industry and market demand.
  • Warranty claims and product performance.
  • Protection of intellectual property rights.
  • Product safety risks.
  • Technology and competition risks.
  • Expansion risks.
  • Third-party dependence.
  • Project risks.
  • Key personnel risks.
  • Customer risks.
  • Adverse publicity and product liability risks.
  • Market development risks.
  • Regulatory risks.
  • Climate-related risks.
  • Reputation risks.
  • Physical risks.
Mitigation Strategies
  • Dual sourcing of critical components.
  • Strategies to reduce sourcing risk and make the supply chain more robust.
  • Focus on research and development while building out the necessary infrastructure to commercialize its business.
  • Seeking financing through equity or debt.
  • Product development, quality assurance, and customer support and service processes.
  • Confidentiality agreements and inventors' rights agreements with strategic partners and employees.
  • Commitment to delivering fail-safe products.
  • Strategies to manage growth and expansion effectively.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Dual sourcing of critical components.
  • Preference for suppliers with local legislation compliance.

Climate-Related Risks & Opportunities

Physical Risks
  • Shortages of water and electricity
Transition Risks
  • Changes in climate policies due to geopolitical factors
Opportunities
  • Development of green hydrogen technologies

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Second-generation water electrolyzer

Awards & Recognition

  • Not disclosed