The leaders of Canada and Germany will sign a multibillion-dollar green energy agreement this month “that could prove pivotal to Canada’s nascent hydrogen industry,” reports CTV News:
If approved, the project would be the first of its kind in Canada.
Germany is keen to find new sources of energy because Russia’s invasion of Ukraine has led to a surge in natural gas prices…. Meanwhile, the company behind the Newfoundland project, World Energy GH2, has said the first phase of the proposal calls for building up 164 onshore wind turbines to power a hydrogen production facility at the deep-sea port at Stephenville.
Long-term plans call for tripling the size of the project…. “The development of large-scale green hydrogen production facilities is just starting, providing (Newfoundland and Labrador) and Canada with the opportunity and advantages of being a first mover in the green energy sector,” the proposal says….
The company says construction of its first wind farm is slated for late next year on the Port au Port Peninsula.
Thanks to Slashdot reader theshowmecanuck for sharing the article.