Newfoundland Invests in Clean Energy Future Through Atlantic Hydrogen Alliance
Key Ideas
- The Provincial Government of Newfoundland announces $50,000 support for the Atlantic Hydrogen Alliance to advance the development of the hydrogen supply chain in Atlantic Canada.
- The project aims to define, benchmark, and enhance the hydrogen supply chain in Atlantic Canada, engaging with various stakeholders and preparing a development plan.
- The total project investment amounts to $400,000, leveraging contributions from the Innovation and Business Development Fund to facilitate growth and collaboration in clean energy sectors.
- The initiative is seen as a step towards fostering regional collaboration, transitioning to a low-carbon economy, creating jobs, and positioning Atlantic Canada as a leader in clean energy.
The Provincial Government of Newfoundland, Canada, has demonstrated its commitment to promoting a clean energy future by announcing financial support for the Atlantic Hydrogen Alliance. Led by the Honourable Steve Crocker, Minister of Industry, Energy and Technology, the government's $50,000 contribution will aid the Alliance in advancing the development of the hydrogen supply chain in Atlantic Canada.
The project, undertaken in collaboration with Energy NL and Net-Zero Atlantic, has clear objectives focused on defining, benchmarking, and enhancing the hydrogen supply chain. By engaging with key stakeholders, including Indigenous and rural community leaders, the initiative aims to assess the opportunities for developing a robust hydrogen supply chain in the region.
With a total project investment of $400,000, the government's support leverages contributions from the Innovation and Business Development Fund. This funding is crucial in facilitating collaboration and growth within the clean energy sector, positioning Newfoundland and Labrador as a preferred location for energy development.
The Atlantic Hydrogen Alliance, established in 2021 as a non-profit society, aims to drive the development of a viable clean hydrogen value chain. Members of the Alliance, ranging from project developers to government bodies, envision a prosperous low-carbon economy facilitated by the transition to clean energy sources.
Honourable Steve Crocker emphasized the importance of supporting projects like this to meet the increasing global demand for clean energy and to aid in the region's transition to a low-carbon economy. Similarly, Derek Estabrook, Executive Director of the Atlantic Hydrogen Alliance, highlighted the significance of a strong hydrogen supply chain in unlocking economic and environmental benefits for Atlantic Canada.
Overall, this initiative signifies a step towards fostering regional collaboration, creating job opportunities, reducing emissions, and establishing Atlantic Canada as a frontrunner in the clean energy sector.
Topics
Utilities
Clean Energy
Innovation
Sustainability
Investment
Energy Transition
Economic Development
Collaboration
Non-profit
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