Partnership enables HTEC's H2 Gateway program,
an emerging hydrogen infrastructure ecosystem
Disponible en français
- HTEC to build a by-product hydrogen liquefaction facility and
three new hydrogen production facilities to expand Canada's low carbon fuel supply
capacity.
- Investment will bring up to 20 hydrogen refuelling stations
online in British Columbia and
Alberta, more
than doubling the amount of refuelling stations in
Canada.
- Supports the heavy-duty transportation sector in adopting
hydrogen-fuelled vehicles.
- Estimated to generate more than 280 full-time jobs over
the construction and operations phases.
VANCOUVER, BC, May 24, 2024
/CNW/ - The Canada Infrastructure Bank (CIB) and HTEC, a
Vancouver-based designer, builder,
owner and operator of hydrogen supply solutions, are partnering to
accelerate the deployment of hydrogen production and refuelling
infrastructure. Joining the CIB and HTEC today at the announcement
were representatives from the Government of British Columbia and Government of
Canada.
The CIB's $337 million loan will
expedite and expand HTEC's operations in British Columbia and Alberta. The investment will contribute to the
implementation of HTEC's full-service, sustainable fuel supply
chain focused on reducing emissions in the transportation sector,
called H2 Gateway.
HTEC plans to build and operate an interprovincial network of up
to 20 hydrogen refuelling stations to support the deployment of
fuel cell vehicles and advance greener transportation solutions.
The refuelling stations will be supported by three new hydrogen
production facilities located in Burnaby, Nanaimo and Prince
George, and a facility that liquefies 15 tonnes per day of
vented by-product hydrogen in North
Vancouver. It is estimated that more than 280 full-time jobs
will be created to build, operate and support the hydrogen
infrastructure.
Hydrogen fuel cell vehicles can travel long distances and have
relatively short refuelling times, presenting a unique opportunity
to decarbonize the commercial trucking sector. As part of this
investment, 14 of the 20 new stations will enable the refuelling of
up to 300 heavy duty vehicles per day.
Once fully operational, it is forecasted transportation sector
greenhouse gas emissions will be reduced by approximately 133,000
tonnes annually.
H2 Gateway, an estimated $900
million program is focused on building hydrogen
transportation ecosystems, driving which drives adoption of
hydrogen as a transportation fuel in targeted regional hubs.
The CIB's financing will help accelerate the implementation of
hydrogen technology and help mitigate uncertainty in the rate and
pace of hydrogen adoption, which have historically been barriers to
private investment in sustainable fuel production and
infrastructure.
The partnership represents the third investment through the
CIB's Charging and Hydrogen Refuelling Infrastructure (CHRI)
initiative, which is focused on expanding the private sector's
rollout of large-scale charging and hydrogen refuelling
infrastructure.
The CIB's investment builds on previous support HTEC has
received from Canada to advance
clean transportation, including $5
million from PacifiCan's Business Scale-up and Productivity
funding and $3 million from Natural
Resources Canada's Zero Emissions Vehicle Infrastructure Program
for its 2-tonne-per-day low-carbon hydrogen production and liquid
transfer facility in Burnaby,
BC.
Endorsements
Our partnership creates the right conditions for HTEC to expand
its operations aimed at reducing greenhouse gas emissions in the
transportation sector. By investing in hydrogen production,
distribution, and refuelling infrastructure, we are accelerating
the deployment of this sustainable fuel solution. New partnerships
in this emerging sector will help increase domestic hydrogen
production and ensure Canada is
economically competitive in a decarbonizing world.
Ehren Cory, CEO, Canada
Infrastructure Bank
Unlocking the potential of clean hydrogen is an essential step
in decarbonizing and growing a prosperous, clean economy in
Canada. It is also essential for
Canada, as a country with over 100
years of experience in hydrogen innovation and proven global
leadership in the energy space, to assist our democratic allies as
they decarbonize and enhance their energy security. As outlined in
our Hydrogen Progress Update, remarkable advancements have been
made to the hydrogen landscape in Canada since the release of our Hydrogen
Strategy in 2020. Today's CIB announcement is a further testament
to this federal government's support for sustainable energy
innovation in the race to net zero.
The Honourable Jonathan Wilkinson, Minister of Energy and
Natural Resources
The CIB's Charging and Hydrogen Refuelling Infrastructure
initiative focuses on transitioning Canada towards a sustainable fuel
infrastructure ecosystem. HTEC, based right here in British Columbia, is developing innovative
methods to reduce greenhouse gas emissions in the heavy-duty
transportation sector. This investment will support Canada in reaching its net-zero emissions
target by 2050, generate jobs in Burnaby and across western Canada, and enhance how Canadians travel.
The Honourable Terry Beech, Minister of Citizens' Services and
Member of Parliament for Burnaby
North-Seymour.
Producing clean fuels like hydrogen right here in B.C. to
replace diesel use for transportation helps to reduce harmful
pollution, while creating new jobs and opportunities in the clean
economy. By supporting innovative projects like H2 Gateway, we can
ensure that BC remains a world-leader and attracts new investment
in the growing clean economy.
Josie Osborne, Minister of
Energy, Mines and Low Carbon Innovation for British Columbia
The H2 Gateway vision for HTEC is now being realized. With the
CIB's strategic investment, we are poised to establish highly
sustainable hydrogen ecosystems that will drive the adoption of
zero-emission transportation and support larger regional hydrogen
hubs. An investment of this magnitude signals confidence in HTEC
and the network of dedicated partners delivering safe, low-carbon
energy solutions, putting Canada
on the map.
Colin Armstrong, President and
CEO, HTEC
HTEC
HTEC works across the clean hydrogen value
chain, developing, integrating and operating clean hydrogen energy
solutions in strategic North American markets to enable the
transportation sector's transition to a low-carbon future. The
company designs, builds, owns and operates hydrogen fuel
production, infrastructure and supply solutions to support the
deployment of hydrogen electric light-medium- and heavy-duty
transportation. For more information, visit htec.ca.
SOURCE Canada Infrastructure Bank