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Global Power Solutions Corp. Signs LOI Joint Development Agreement to Deploy Modular “H2” Power Systems for Data Centres and Military Applications, Scaling from 80 kW to 1,000+ MW
Globenewswire· 2026-01-19 08:01
Core Viewpoint - Global Power Solutions Corp. has entered into a Letter of Intent with Northern Hydrogen and Energy Ltd. to develop a modular hydrogen-based power platform that can scale from 80 kilowatts to over 1,000 megawatts, utilizing water and off-the-shelf technologies [1][2][3] Strategic Significance - The LOI allows Global Power to assume Northern Hydrogen's existing license rights and aims for a non-exclusive, worldwide, perpetual license to commercialize proprietary Modular H₂ Reactor systems [3][4] - This partnership positions the company at the intersection of clean energy, grid-independent power, and large-scale industrial demand [2] Near-Term Commercial Demonstration - Global Power plans to fund and construct an 80-kW commercial demonstration Modular H₂ Reactor facility within approximately 12 months, with a development budget of around CAD $3.5 million [5] - This initial deployment is seen as a critical catalyst for customer validation and accelerated commercialization [5] Clear Long-Term Growth Roadmap - Proposed deployment targets include data centers, military applications, industrial facilities, remote communities, and large-scale infrastructure [6] - The company aims to achieve 100 MW of Modular H₂ Reactor capacity by December 31, 2028, 1,000 MW by December 31, 2030, and 2,000 MW by December 31, 2035 [7][8] Manufacturing & Execution Strategy - Global Power intends to establish manufacturing operations in British Columbia to reduce component lead times and accelerate deployment schedules [9] - The Licensors will retain ownership of all intellectual property, while Global Power will lead commercialization and project development [9]