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

  • 📰 financialpost
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 85%

United States News News

United States United States Latest News,United States United States Headlines

Germany is hoping Canadian hydrogen could be a medium or long\u002Dterm solution to meet the country\u0027s energy demands. Read more

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.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Huge waste of money. Why not just export the natural gas?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trudeau questions business case for natural gas exports from Canada to Europe - Terrace StandardCanadian, German leaders defend decision to return gas turbine to Russian company
Source: TerraceStandard - 🏆 24. / 68 Read more »

Scholz says Germany wants more natural gas from Canada but lacks infrastructure, business backing | CBC NewsGerman Chancellor Olaf Scholz says he wants Canada to increase its shipments of liquefied natural gas to Europe but admits a lack of infrastructure in Germany and an unproven business case for the Canadian export stands in the way of any boost in supply. So DavidWCochrane Send it in maple syrup bottles! Also...then why doesn't Europe pay and build a pipeline that comes to Canada
Source: CBCAlerts - 🏆 37. / 63 Read more »