First Hydrogen Corp (FIT)
Summary
FIT Chart
World's first hydrogen-powered commercial ferry to run on San Francisco Bay, and it's free to ride
The world's first hydrogen-powered commercial passenger ferry will start operating on San Francisco Bay as part of plans to phase out diesel-powered vessels and reduce planet-warming carbon emissions, California officials said Friday, demonstrating the ship.
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First Hydrogen Corp Profile
| Electric Utilities Industry | Utilities Sector | Balraj S. Mann CEO | XDUS Exchange | CA32057N1042 ISIN |
| CA Country | 49 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
First Hydrogen Corp. is a pioneering company dedicated to advancing the transition to zero-emission transportation through its focus on the development and distribution of green hydrogen and the manufacture of hydrogen-fuel-cell-powered light commercial vehicles. Initially founded as Pure Extraction Corp., the organization underwent a significant rebranding to First Hydrogen Corp. in October 2021, signaling its commitment to leading the hydrogen energy transition. Incorporated in 2007 and operating from its headquarters in Vancouver, Canada, First Hydrogen Corp. plays a critical role in promoting sustainable mobility and energy solutions in the Canadian market and beyond.
Products and Services
- Zero-Emission Vehicles
- Green Hydrogen Production and Distribution
- Supercritical Carbon Dioxide Extractor Systems
At the forefront of its product line, First Hydrogen Corp. designs, builds, and markets hydrogen-fuel-cell-powered light commercial vehicles. These vehicles represent a significant advancement in reducing carbon emissions from the transportation sector, offering an environmentally friendly alternative for businesses and fleets looking to minimize their carbon footprint without compromising on performance or utility.
Understanding the critical role of hydrogen as a clean energy carrier, First Hydrogen Corp. has invested in the production and distribution of green hydrogen. This involves the generation of hydrogen fuel through processes that significantly minimize or entirely eliminate carbon emissions, thereby supporting the global transition to sustainable energy sources. The company's involvement in green hydrogen distribution further facilitates the accessibility and use of hydrogen as a zero-emission fuel option.
In addition to its focus on hydrogen energy, First Hydrogen Corp. engages in the development and sale of supercritical carbon dioxide extractor systems. These systems are employed in various industrial applications to extract substances using supercritical carbon dioxide as a solvent. While this offering may seem distinct from its primary focus on hydrogen, it underscores the company's broader commitment to environmental sustainability and technological innovation in reducing industrial carbon emissions.
