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HALIFAX \u2014 The budding hydrogen sector in Atlantic Canada is welcoming a 200-million euro commitment from the European Union to support the production of renewable hydrogen and its derivatives from Canada.<\/p>\n
The EU\u2019s executive branch approved the money last week saying it will unlock another 200-million euros, the equivalent of C$323 million, in Canadian investment for fuels that would be exported to Germany.<\/p>\n
Auctions for hydrogen suppliers and buyers are expected in 2027 with up to 300 megawatts of energy on offer.<\/p>\n
Germany says this could mean almost 2.5-million fewer tons of carbon dioxide in the atmosphere.<\/p>\n
Everwind Fuels, which is planning to begin construction this year on a hydrogen plant in Point Tupper, N.S.<\/a>, says the funding gives it a concrete route to secure a long-term offtake deal.<\/p>\n Canada and Germany signed a joint declaration of intent to work together on clean hydrogen in 2022 as a way to lessen the European country\u2019s reliance on Russian energy following the invasion of Ukraine.<\/p>\n \u00a92025 The Canadian Press<\/strong><\/p>\n<\/p><\/div>\n