The leaders of Canada and Germany will sign a multi-billion-dollar green energy deal this month “that could be key to the birth of Canada’s hydrogen industry,” according to CTV News:
The German government issued a statement on Friday confirming the agreement will be signed on August 23 in Stephenville, where a Newfoundland company plans to build a zero-emissions plant that will use wind energy to produce hydrogen and ammonia for export.
If approved, the project would be the first of its kind in Canada.
Germany is looking for new energy sources as Russia’s invasion of Ukraine has sent natural gas prices soaring… Meanwhile, World Energy GH2, the company behind the Newfoundland project, said the first phase of the proposal would involve building 164 onshore wind turbines for hydrogen production at a deepwater port in Stephenville.
Long-term plans call for tripling the size of the project…. “The development of large-scale green hydrogen production facilities is just beginning, giving (Newfoundland and Labrador) and Canada the opportunity and advantage to be the first in the world’s green energy sector,” the proposal says.. ..
The company says construction of its first wind farm is scheduled for the end of next year on the Port-au-Port peninsula.
Thanks to Slashdot reader theshowmecanuck for sharing the article.
