First Hydrogen Welcomes European Commission's Launch of Hydrogen Mechanism and New H2 Matchmaking Platform

Vancouver, British Columbia--(Newsfile Corp. - November 13, 2025) - First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT) ("FIRST HYDROGEN" or the "Company") is encouraged by the European Commission's announcement of its first call for hydrogen suppliers under the newly launched Hydrogen Mechanism, a supply-and-demand matchmaking platform within the European Union (EU) Energy and Raw Materials Platform. The initiative is designed to accelerate the growth of Europe's emerging clean-hydrogen economy by directly connecting hydrogen buyers with producers and project developers.

First Hydrogen is pleased by the EU's proactive measures to stimulate hydrogen projects and adoption. This provides a pathway to de-risk projects, identify offtake partners, secure commercial commitments and engage with EU-based financial institutions. The platform will help companies like First Hydrogen advance its hydrogen-fuel-powered vehicles and green energy production projects (via small modular reactors) in Europe.

The H2 Matchmaking Platform aims to resolve one of the sector's longstanding barriers: the lack of binding offtake agreements, which has slowed final investment decisions for renewable and low-carbon hydrogen projects across the EU. The EU aims to reach climate neutrality by 2050 and become independent from Russian fossil fuel before 2030.

Key features include:

• Purpose: streamlines the process for producers and buyers to identify commercial partners, enabling early-stage project financing and guiding broader infrastructure development.
• Process: Aggregates voluntary data on both supply and demand for renewable and low-carbon hydrogen and its derivatives.
• Scope: Open to both domestic European and international hydrogen suppliers, broadening markets access for qualified companies.
• Participation: Companies may now register on the platform to submit supply offers and review demand requests.

"Europe continues to demonstrate strong leadership in building a robust hydrogen economy," said Balraj Mann, CEO of First Hydrogen Corp. "First Hydrogen has developed and trialed hydrogen-fuel-cell-powered light commercial vehicles (FCEVs) and is working on green energy production opportunities in the UK, EU, and North America."