First Hydrogen Stock (2025): Government Paves the Way for SMR-Driven Green Hydrogen Boom

• Why Is Canada Betting Big on Small Modular Reactors?
• Goldman’s Shock Prediction: Data Centers Will Devour 165% More Power
• First Hydrogen’s Three Killer Advantages
• Meet First Nuclear Corp: The Game-Changing Subsidiary
• CEO Balraj Mann’s Vision: “This Is CANDU 2.0”
• The Bottom Line for Investors
• Your First Hydrogen Questions Answered

Canada’s bold nuclear acceleration positions First Hydrogen as a key player in the SMR-to-green-hydrogen revolution. With Goldman Sachs predicting a 165% surge in data center energy demand by 2030 and the Darlington SMR project fast-tracked, this article breaks down why investors are buzzing about First Hydrogen’s unique positioning. We’ll explore the technology, strategic partnerships, and regulatory tailwinds shaping this opportunity.

Why Is Canada Betting Big on Small Modular Reactors?

Prime Minister Mark Carney’s government has catapulted the Darlington New Nuclear Project into Canada’s infrastructure fast lane, designating it as a flagship initiative under the new Major Projects Office. This isn’t just about keeping lights on – it’s a strategic MOVE that gives First Hydrogen a decisive edge in the SMR-to-green-hydrogen space. The company’s collaboration with University of Alberta’s Professor Muhammad Taha Manzoor on SMR optimization (specifically for AI data centers’ monstrous energy needs) suddenly looks prescient.

Goldman’s Shock Prediction: Data Centers Will Devour 165% More Power

Goldman Sachs Research dropped a bombshell: global electricity demand from data centers could skyrocket by 50% by 2027, potentially reaching 165% growth by 2030. That’s $720 billion in grid investment opportunities – music to First Hydrogen’s ears. Their SMR-hydrogen production model solves two problems at once: clean baseload power and on-site hydrogen generation. The Darlington project’s first reactor alone will power 300,000 homes while feeding hydrogen production.

First Hydrogen’s Three Killer Advantages

1.Factory-built SMRs with passive safety systems that don’t need human intervention
2.Green hydrogen production at off-grid locations (perfect for remote mines or industrial sites)
3.Leveraging Canada’s 60+ years of nuclear expertise and safety reputation

Meet First Nuclear Corp: The Game-Changing Subsidiary

Established March 2025, this new division directly marries SMR energy with hydrogen production. It’s already courting partnerships with utilities, Indigenous groups, and provincial governments. The timing couldn’t be better – these reactors use low-pressure designs that eliminate the need for emergency power during shutdowns, making them ideal for locations where traditional grid connections are impractical.

CEO Balraj Mann’s Vision: “This Is CANDU 2.0”

The Chairman & CEO sees SMRs as the natural evolution of Canada’s CANDU reactor legacy. With reduced fuel needs and simplified processes, the cost advantages for industrial hydrogen production become compelling. First Hydrogen is currently scouting SMR sites across Canada and Europe, benefiting from newly streamlined regulations that previously choked project timelines.

The Bottom Line for Investors

While the technology and policy alignment look promising, remember: nuclear projects move at their own pace. The government’s endorsement significantly de-risks First Hydrogen’s expansion, but execution remains key. As of September 2025, the company’s integrated clean energy ecosystem appears well-positioned to capitalize on what Goldman calls “the third wave of electrification.”

Data sources: Goldman Sachs Research, Canadian Nuclear Safety Commission, TradingView.