'Huge opportunity': East Coast hydrogen industry gets shot in arm from German energy giants

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'Huge opportunity': East Coast hydrogen industry gets shot in the arm from German energy giants

German energy providers E.ON SE and Uniper SE announced plans to begin work on deals to buy a total of one million tonnes of green hydrogen annually from EverWind Fuels’ planned Point Tupper facility in Port Hawkesbury, Nova Scotia, starting in 2025.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

“Clearly Germany needs this energy. There’s a real crisis over there right now,” said EverWind chief executive Trent Vichie in an interview Tuesday. “Germany needs new energy sources and they want green energy sources and the combination of those things is accelerating the green industry and hydrogen.”

“This way, we can bring the energy of the Canadian wind to Germany by ship,” Lammers said. “We are not just decarbonizing and diversifying our energy supply. We will create more energy security by co-operation between societies which share the same values and stand for democracy, the rule of law and a social market economy. This step is more urgent than ever.”

 

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Atlas salt, $SALT and its parent Vulcan Minerals $VUL, currently the only suitable 'hosts' for all the hydrogen.

The more something costs, the more it emits. Cost reflects the work required to bring it to market, work ultimately equals a cost to the environment measured in the most objective and accurate unit we have for such a thing. The dollar.

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