(OTTAWA) The president of the company behind one of the largest green hydrogen projects proposed in Atlantic Canada says a three-year deadline to start shipping the fuel to Germany is achievable if everyone world is moving fast.
Posted at 2:37 p.m.
John Risley is the president of World Energy G2, a consortium seeking provincial approval to build a wind-powered hydrogen production facility in a port city on the west coast of Newfoundland and Labrador.
It is one of dozens of projects put on the table in Atlantic Canada in recent months as demand for hydrogen skyrockets amid the energy supply crisis in Europe and amid growing concerns about climate change.
Risley says the hydrogen deal signed by Canada and Germany on Tuesday has been a “huge spark plug” for the industry and brings a lot more visibility to the projects.
But he argues that Canada is in a race to enter the supply chain queues for the products needed to build wind farms and hydrogen plants.
He said Canada should be particularly concerned about the tax incentives that have just been offered to Americans who will undertake hydrogen projects in the next year.