First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT) is reviewing various projects in effort to expand its hydrogen-as-a-service (HAAS) offering using small modular reactors.
The Company is exploring the potential of producing green hydrogen using power supplied by small modular nuclear reactors (SMRs).
Power grids are unable to keep up with increasing energy demand. Notably, several firms have entered into an agreement to expand nuclear power capacity to support the operation of their data centres, which run and train generative AI models.
How SMRs could help increase grid power for green hydrogen
SMRs are compact, efficient nuclear energy systems that offer a scalable and low-carbon alternative to traditional energy sources.
They are much smaller than large-scale traditional nuclear reactor facilities, sometimes as small as 1/10th the size of traditional nuclear reactors.
International bodies widely recognise nuclear energy as a green energy source due to its ability to produce large amounts of electricity with minimal greenhouse gas emissions.
First Hydrogen seeks to install these SMRs in areas where grid power is limited or non-existent to produce green hydrogen for refuelling stations.
Innovative and sustainable energy solutions
SMR-powered hydrogen production aligns with First Hydrogen’s commitment to delivering innovative and sustainable energy solutions. These advancements further support the global energy transition and First Hydrogen’s mission to play a pivotal role in the clean energy ecosystem.
Balraj Mann, CEO at First Hydrogen, commented: “Nuclear energy provides a consistent power source for the production of hydrogen, unlike solar or wind power.
“The cost of electricity from an SMR would be about $36/MWh (3.6 cents per kWh). Large tech companies have seen the need to secure low-cost energy for the foreseeable future and, recently, have made significant investments in nuclear energy.”
