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Primary Hydrogen Corp. (TSXV: HDRO) (OTCQB: HNATF) (FSE: 83W0) ("Primary Hydrogen" or the "Company")  is pleased to announce a non-brokered private placement offering of up to 4,000,000 units of the Company (each a "Unit") at a price of $0.60 per Unit for aggregate gross proceeds of up to $2,400,000 (the "Offering").

Each Unit will consist of one (1) common share in the capital of the Company (a "Common Share") and one (1) Common Share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to acquire one (1) Common Share at a price of $0.80 per Common Share for a period of twenty-four (24) months from the date of issuance, provided that the Warrants shall not be exercisable for a period of 60 days after the Closing Date. 

The Offering is expected to close on or about July 17, 2026 (the "Closing Date"), or such other date as the Company may determine, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals. The Company intends to use the net proceeds from the Offering for general working capital and general administrative purposes. The Company may also use a portion of the net proceeds to acquire additional exploration properties if suitable opportunities arise.

In connection with the closing of the Offering, the Company may pay a cash fee of up to 6% of the gross proceeds of the Offering to certain eligible finders who introduce investors to the Company. The Company may also issue to eligible finders such number of finders' warrants (the "Finders' Warrants") equal to up to 6% of the number of Units sold under the Offering. Each Finders' Warrant will be exercisable for one Common Share at the price of $0.80 for a period of twenty-four (24) months from the Closing Date. 

The Units will be issued on a private placement basis pursuant to the Listed Issuer Financing Exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), as amended and supplemented by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "LIFE Exemption").

Subject to compliance with applicable regulatory requirements and in accordance with NI 45-106, the Units sold under the Offering pursuant to the LIFE Exemption will be offered to purchasers resident in each of the provinces and territories of Canada, except Québec, and such securities are expected to be immediately freely tradeable and will not be subject to a hold period under applicable Canadian securities laws. There is an offering document related to the Units issuable pursuant to the LIFE Exemption that can be accessed under the Company's profile at www.sedarplus.ca. 

Primary Hydrogen Corp. | www.primaryh2.com

DNV, the independent energy expert and assurance provider, has certified the third milestone in accordance with the German Federal Maritime and Hydrographic Agency (BSH) standard for Nordseecluster A (NC 1 and NC 2) - a joint offshore wind project of RWE and Norges Bank Investment Management in the German North Sea. Consisting of two extension phases (A & B) the Nordseecluster is one of the largest offshore wind developments in Germany, with a planned total capacity of up to 1.6 GW.

This certification confirms that the project’s design phase, including installation, operation and decommissioning planning, complies with all regulatory requirements set by the BSH. By obtaining the third BSH release, RWE will be authorized to proceed with the installation of wind turbines at the project site.

“We are proud to reach this important milestone for the Nordseecluster projects,” said Sven Schulemann, Project Director, Nordseecluster. “The DNV certification for the third BSH release is a testament to the dedication and expertise of our teams and partners. The transition from planning and design to physical construction brings us a step closer to deliver clean, reliable energy to support Germany’s climate ambitions.”

“Local, safe, and secure energy is important for Germany’s energy transition,” said Mette Redanz, Vice President Renewables Certificationat DNV. “Independent verification plays a key role in managing risk and supporting the safe and reliable delivery of large-scale offshore wind developments like the Nordseecluster project. We are pleased to support RWE and Norges Bank Investment Management in achieving this milestone, which demonstrates a strong commitment to quality, safety and regulatory compliance throughout the project lifecycle.”

To meet its climate goals, Germany has set ambitious targets for offshore wind development while seeking to support the industry with minimal public subsidies. Under the current legal framework, the country aims to install at least 30 GW of offshore wind capacity by 2030, 40 GW by 2035, and 70 GW by 2045.

DNV | https://www.dnv.com/

As demand for utility-scale energy infrastructure continues to grow across the United States, PV Hardware USA (PVH USA), a global provider of solar tracking and foundations solutions, is reinforcing its commitment to solving three of the industry's most pressing challenges: strengthening domestic manufacturing, improving project bankability and accelerating project execution through innovative pre-assembly solutions. 

With billions of dollars flowing into energy generation and grid modernization, developers and investors are increasingly focused on partners that can deliver certainty throughout the project lifecycle. PVH USA has emerged as a trusted industry leader by combining a nearly 100% U.S.-based supply chain, strong financial backing and pioneering construction technologies that help projects move from development to operation more efficiently. 

“Energy growth requires more than ambitious goals. It requires execution,” said Rodolfo Bitar, Vice President of Business Development for PVH USA. “Our focus is on providing the manufacturing capacity, financial confidence and construction innovations that allow projects to move forward faster, reduce risk and create long-term value for developers, investors and communities.” 

Scaling American energy manufacturing  

As the United States seeks to strengthen energy independence and expand domestic energy production, manufacturing has become a strategic priority. 

PVH USA continues to invest heavily in its Houston operations, which have grown from approximately 120 employees in 2024 to nearly 300 employees today. The company's manufacturing platform supports utility-scale projects nationwide while helping customers meet domestic content requirements and reduce exposure to global supply chain disruptions. 

By relying on a nearly 100% Made-in-the-USA supply chain for hardware like the AxoneDuo Infinity and Monoline+ 2P, alongside the DeepTrack by PVH software and control ecosystem featuring solutions like Terrain Response and Backtracking 3D – PVH USA provides customers with greater supply certainty, shorter response times, and enhanced project reliability. 

“Domestic manufacturing is no longer simply a competitive advantage. It is becoming a prerequisite for long-term energy security and infrastructure growth,” Bitar said. 

Investor perspectives on energy growth and risk 

As the energy market evolves, financiers are evaluating projects through a broader lens than ever before. While project economics remain critical, investors increasingly prioritize execution certainty, supply chain transparency, technology performance and the financial strength of key partners. 

PVH USA supports this evolving investment landscape through a combination of U.S.-based manufacturing, traceable supply chains and a proven global track record. Backed by more than 50 GW of solar tracker deployments worldwide and 6.5 GW across the United States, the company provides developers, EPCs and financial stakeholders with the confidence needed to support large-scale energy investments. 

“Today’s investors want partners that can demonstrate stability, transparency and long-term commitment,” Bitar said. “Bankability is about much more than balance sheets. It is about proven delivery, risk mitigation and the ability to perform consistently over the life of a project.” 

Eliminating construction bottlenecks 

Even well-financed projects can face costly delays during construction. Labor shortages, field complexity, material handling challenges and installation errors continue to create bottlenecks across the energy sector. 

To address these challenges, PVH USA pioneered a full pre-assembly approach that simplifies field execution by completing critical assembly processes within a controlled manufacturing environment before equipment arrives on site. 

The company's pre-assembly model has demonstrated measurable benefits, including up to 70% fewer on-site components and as much as 44% less installation time in selected applications. By reducing assembly complexity and minimizing opportunities for field error, projects can move through construction more predictably and efficiently. 

“Every day saved during construction creates value for project stakeholders,” Bitar said. “Pre-assembly helps eliminate unnecessary complexity, improves quality control and gives EPC teams a clearer path from groundbreaking to grid connection.” 

Building the foundation for America’s energy future 

As utilities, developers and investors work to meet growing energy demand, PVH USA believes success will be defined by companies that can combine manufacturing strength, financial reliability and operational innovation. Through continued investment in U.S. manufacturing, a commitment to bankability and leadership in pre-assembly technology, PVH USA is helping build the resilient energy infrastructure needed to power America's future. 

PV Hardware | https://pvhardware.com/en/

B2U Storage Solutions announced a strategic supply agreement with Waymo, the leader in autonomous vehicle technology, to repurpose batteries from their fleet of electric vehicles once retired from automotive use. The used battery packs will be installed into battery energy storage systems interconnected to the electric grid and will provide valuable grid services in electricity markets from California to Texas—supporting the same electricity grids where Waymo’s autonomous fleet is already active.

This landmark partnership creates a sustainable pipeline for used electric vehicle batteries, fortifying local power grids with reliable energy storage and directly addressing electronic waste. The initiative will transition thousands of retired vehicles from the road to the power sector. B2U’s cost-effective technology repurposes EV batteries into safe, high-performing battery energy storage systems, capturing residual value that would otherwise be lost in direct recycling. B2U manages the units through their second life, ensuring proper recycling after the batteries’ residual value has been realized. This approach maximizes the utility of the batteries as affordable, bankable alternatives to batteries built from new materials.

“This agreement marks a significant milestone in B2U’s mission to provide integrated repurposing services to the automotive industry,” said Freeman Hall, CEO of B2U Storage Solutions. “By extending the use of these batteries as grid storage, we are monetizing the full potential of EV batteries, now providing crucial stability to the power grid as energy demand continues to grow.”

The repurposing process extends the functional life of the lithium-ion batteries by several years. Once deployed as stationary storage, the systems will capture excess renewable energy during periods of low demand and dispatch it during peak usage times, providing necessary capacity to the power grid and serving local communities.

“Our shared fleet of EVs provide a massive opportunity to support the growth of clean energy on the electricity grid while expanding the circular economy,” said Adam Lenz, Head of Sustainability & Environment at Waymo. “Through this partnership, we can repurpose our batteries for local grid storage and ensure our batteries continue to provide economic and environmental value to the community long after they’ve retired from the road.”

B2U Storage Solutions | https://www.b2uco.com/

Waymo | https://waymo.com/

Technology group Wärtsilä has secured a contract for 452 MW of power generation equipment and a long-term Operation and Maintenance (O&M) agreement with the Pecos Power Plant, owned by Mercuria Americas and Continental Resources. This milestone project, located in Pecos, Texas, USA, is designed to deliver flexible generation to maintain grid reliability in a power system with rapidly growing renewable penetration. Wärtsilä booked an initial order for 226MW in Q1 2025, increased the order by 226MW in Q3 2025, and the O&M agreement was signed in Q4 2025.

The Pecos Power Plant, developed by Peak Reliability (a Mercuria Company) in partnership with Wärtsilä, combines proven development expertise with advanced power generation technology to deliver reliable and efficient energy to West Texas. The facility consists of 24 Wärtsilä 1850SG reciprocating engines that help meet the region’s growing electricity demand. Overall, the project highlights Wärtsilä’s capability in delivering comprehensive power plant solutions and underscores the company’s growing role as a lifecycle partner for large-scale independent power producers. 

“The flexibility of Wärtsilä’s technology will allow us to maximize our operational efficiency in an increasingly volatile power market. This further allows us to reliably serve our customers when they need power most. The region is experiencing record-breaking demand for electricity, and this project will play an important role in meeting this demand,” says Martin Parizek, Managing Director of Peak Reliability.

The development effort led by the Peak Reliability team in strong collaboration with the Project Development team of Wärtsilä played a pivotal role in enabling the project to deliver power to the grid quickly. This natural gas plant will bring critical dispatchable energy generation to an area of ERCOT (Electric Reliability Council of Texas) that is situated in one of the world's largest pools of renewable energy. In addition to enhancing the reliability of the ERCOT grid, the power plant will also support west Texas industries and businesses through low cost, efficient, reliable power.   

"Wärtsilä understands the pressing need to meet growing power demand with solutions that support energy supply, reliability and sustainability. By supporting delivery of end-to-end power supply projects from concept to execution, Wärtsilä is driving customer efficiency by reducing risks and time to market. Furthermore, our world-class expertise in operating and maintaining plants allows customers to focus on their core business, while we ensure optimal performance,” comments Risto Paldanius, Vice President, Americas at Wärtsilä Energy.

The Operation and Maintenance agreement covers the full buildout of the project, forming a significant O&M power plant project for Wärtsilä Energy.  With this agreement, Wärtsilä will be responsible for ensuring the long-term performance, availability and reliability of the plant, supporting secure power supply in the ERCOT system.  

The plant is expected to commence commercial operations in 2027.

Wärtsilä | www.wartsila.com

Vote Solar, a leading nonprofit organization advancing bold, state-based policy and regulatory solutions to make solar power more accessible, affordable, and reliable, is advocating for comprehensive data center accountability policies nationwide. These policies would ensure that energy demand from data centers is matched with new clean supply, such as solar paired with storage, keeping electricity affordable and reliable for all.

“New industries shouldn’t drive up costs for working families,” said Sachu Constantine, Vote Solar’s Executive Director.  “With policies that hold data centers accountable, we can tie new energy demand to new clean supply— especially fast, scalable resources like solar that can be deployed more quickly and affordably than many traditional power sources.”

Requiring large energy users to invest in new solar and other clean resources helps meet rising demand without triggering costly infrastructure upgrades that drive up rates. Fair rules ensure that growth doesn’t come at the expense of families and communities. 

“Community power – rooftop solar, batteries, and smart devices working together across homes and businesses – is the fastest, most cost-effective way to meet surging energy demand from data centers while strengthening grid flexibility and resilience,” said Constantine. “With smart planning now, we can avoid unnecessary grid stress and expensive infrastructure buildout that drives future rate hikes, instead tapping the energy resources already in our communities to deliver reliable power and lower costs for everyone.”

Vote Solar is actively working on data center accountability policies across 9 states: California, New Jersey, North Carolina, South Carolina, Pennsylvania, Nevada, Illinois, Michigan, and Minnesota. For the latest updates on our work, follow our website: votesolar.org 

Vote Solar is actively working in state legislatures, where decision makers are working to pass laws that require data centers to bring or pay for their own clean energy—so everyday customers aren’t stuck with the bill:

New Jersey: lawmakers are advancing proposals to make data centers pay the full costs of their energy demand, and to require data centers to bring their own new clean energy. 

Illinois & Minnesota: Both states are pushing similar legislation that would require large energy users to fund clean energy, cover grid upgrade costs, and operate more flexibly to reduce strain on the system.

In other states, utilities and regulators are already implementing or negotiating these kinds of protections:

California: Vote Solar is actively participating in the CPUC’s landmark advanced electric rate design rulemaking, which will shape how electricity costs are allocated among residential customers, businesses, and emerging large energy users for years to come. A key priority will be establishing strong data center guardrails to ensure large new electricity loads pay their fair share, bring new clean energy resources to the grid, and do not shift costs onto California households. 

Pennsylvania: A new settlement with PPL, a utility with one of the highest levels of data center growth forecasted in the country, would require data centers to commit to long-term contracts, pay upfront for grid upgrades, and contribute funding to low-income energy programs.

Michigan: A major agreement with Google set a strong precedent, requiring the company to fully pay for new clean energy and battery storage to power its data center, instead of shifting costs to customers. The contract signals a commitment to clean energy, but its confidential structure underscores the need for regulatory oversight. Vote Solar is actively working on a regulatory case to ensure real renewable energy investments and community power networks are meaningfully incorporated to deliver benefits to local communities. 

Nevada: The ongoing NV Energy Integrated Resource Plan (IRP) will allow us an opportunity to push for more local clean energy solutions to displace data center driven energy demand.

North Carolina: A settlement with Duke Energy led to a “Clean Transition Tariff” that will protect residential customers from the increased energy demands from data centers by requiring them to bring their own power. Separately, the NCUC recently ordered more reporting and transparency on large energy users, laying the groundwork for a future large load tariff. 

South Carolina: A 2025 settlement set the stage for a formal investigation into large-load tariffs beginning in 2026, creating an opportunity to establish clearer rules so that major energy users like data centers contribute fairly to grid costs and help protect affordability for residents.

Vote Solar | https://votesolar.org/