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First Hydrogen Showcases FCEV with Europe and UK's Largest Companies
Vancouver, British Columbia--(Newsfile Corp. - November 29, 2023) - First Hydrogen Corp. (TSXV: F...
About this update from First Hydrogen Corp
[{"type":"text","content":"First Hydrogen Showcases FCEV with Europe and UK's Largest CompaniesVancouver, British Columbia--(Newsfile Corp. - November 29, 2023) - First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT) (\"FIRST HYDROGEN\" or the \"Company\") is please to announce twenty-one (21) fleet operators & industry specialists, from Europe and UK, attended the Company's Track Day at the HORIBA MIA proving grounding in England. Held on Tuesday October 31, attendees included fleet managers from the grocery sector with participants from Asda and Sainsbury's, parcel delivery company DPD, NHS England, VINCI Group, mining conglomerate Anglo American, and Network Rail. Several utilities providers including Wales & West Utilities, Northern Gas Networks, SGN & National Gas were also present.The Track Day drew interest from vehicle leasing and rental companies, with ARVAL (BNP Paribas Group), Novuna, and Redde Northgate attending, along with British motor trades residual value experts, Glass's Guide. In addition, representatives from Brit European Transport, National Windscreens & the Canal & River Trust. Participating fleets operate more than half-million vehicles (est.). Research Nester estimates the global hydrogen vehicle market size to expand at ~45% CAGR between 2023 and 2035, growing from US$1-billion to US$45-billion. The event gave operators a unique opportunity to get behind the wheel of the Company's hydrogen-fuel-cell powered vehicle (FCEV). Twenty-nine (29) drivers each took the opportunity to drive on the MIRA track, simulating different duty cycles and reaching speeds of up to 110 km per hour (70 miles per hour). Operators experienced the vehicles' smooth handling and appreciated the quiet drive. Drivers were also treated to a vehicle walk-round and under-the-hood viewing of First Hydrogen's technology. The Company's partner, Ballard Power Systems, was present alongside First Hydrogen engineers to help attendees understand how the vehicles' fuel cells work. Participants asked searching questions about the viability of hydrogen mobility, the maturity of hydrogen infrastructure and were presented with a review of Total Costs of Operation (TCO) based on First Hydrogen data collected from vehicles used during recent demo trials with UK fleets. Participants were quick to understand the TCO outlook, the benefits of FCEVs a...