Vancouver, British Columbia--(Newsfile Corp. - March 18, 2025) - First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT) ("FIRST HYDROGEN" or the "Company") announces the launch of its subsidiary, First Nuclear Corp., an initiative dedicated to advancing clean energy through the innovative use of Small Modular Reactors (SMRs). First Nuclear Corp. ("First Nuclear") aims to revolutionize green hydrogen production, supporting global decarbonization efforts and paving the way for a sustainable, zero-emission future.

Harnessing the Power of SMRs for Green Hydrogen
First Nuclear seeks to integrate advanced nuclear technology with green hydrogen production. SMRs, known for their compact design, scalability, and ability to provide a continuous, weather-independent power supply, are the cornerstone of this initiative. By leveraging SMRs, First Nuclear ensures a stable, cost-effective, and efficient process for producing green hydrogen, addressing the growing demand for clean energy solutions worldwide. IDTechEx anticipates the installation rate of SMRs to grow significantly addressing the climate crisis. They project the global market for SMRs to reach US$72.4 billion by 2033 and US$295 billion by 2043, reflecting a compound annual growth rate (CAGR) of 30%.

SMRs are much smaller than conventional reactors, they can be used on sites that are not suitable for traditional nuclear energy plants. The fact that they can be manufactured at a dedicated facility before being sent to site means they are much cheaper and faster to construct. Their modular structure means that a company can invest in one SMR and then add additional SMRs later to meet any increase in power demand. SMRs, particularly microreactors, can also be extremely useful in rural areas that are difficult to connect to the main grid.

SMRs are also extremely safe as their design is typically simpler than conventional reactors. They operate at low power and pressure, meaning no human intervention or external power or force is required to shut down systems, boosting safety margins. They require less fuel to power, and power plants based on SMRs only need to be refuelled every three to seven years, compared to every one to two years in conventional plants. All these benefits have made them extremely attractive to energy companies and startups looking to develop their nuclear power portfolio, as well as companies looking to power operations using clean energy sources.

Allied Market Research reported the green hydrogen market size was valued at US$2.5 billion in 2022 and is estimated to reach US$143.8 billion by 2032, a CAGR of 50.3% from 2023 to 2032 (Allied Market Research).

A Synergistic Approach to Clean Energy
As part of the First Hydrogen family, First Nuclear will add to the Company's Hydrogen-as-a-Service (HAAS) model. This synergy enables the delivery of a comprehensive energy ecosystem, empowering businesses and communities to transition to hydrogen-powered solutions with ease. By combining cutting-edge nuclear technology with hydrogen production and distribution.

About First Hydrogen Corp. (FirstHydrogen.com)
First Hydrogen Corp. is a Vancouver, Montreal, Germany and London UK-based company focused on zero-emission vehicles, green hydrogen production and distribution. The Company has designed and built two hydrogen- fuel-cell-powered light commercial vehicles ("FCEV"). The FCEV are road-legal in the United Kingdom (excluding Northern Ireland) with 6,000 km of testing completed and have achieved a range of 630+ kilometres on a single refueling. The vehicles have successfully been trialled in real-world conditions with fleet operators in the United Kingdom.

About First Nuclear Corp. (FirstNuclear.com)
First Nuclear Corp. is dedicated to pioneering the future of clean energy through the innovative use of Small Modular Reactors (SMRs). Our mission is to produce green hydrogen efficiently and sustainably, contributing to global decarbonization efforts.

On behalf of the Board of Directors of

FIRST HYDROGEN CORP.
"Balraj Mann"
Chairman & Chief Executive Officer

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