BioHep Technologies to merge with Next Hydrogen Corporation.

BioHep Technologies agreed to merge with Next Hydrogen Corporation, a developer of water electrolysis technology. Financial terms were not disclosed. “Next Hydrogen’s large IP portfolio was developed by proven experts in water electrolysis. Water electrolysis is the only way to generate green hydrogen which is expected to represent 25% of all energy consumption by 2050. This is a significant market opportunity that will continue to grow globally and there are less than ten notable water electrolysis companies to service this need. Our revolutionary electrolyzer design is purpose built for integration with renewable energy sources and allows for higher current densities, dynamic response and scalability. This financing is expected to accelerate our product development and help drive wide-scale adoption of our green hydrogen solutions to cost-effectively decarbonize the very large industrial and transportation sectors," Raveel Afzaal, Next Hydrogen President & CEO.