Bilateral hydrogen trade will drive economic
growth in Canada, creating good
jobs in rural communities while accelerating the clean energy
transition
PORT
HAWKESBURY, NS, July 31,
2024 /CNW/ - EverWind Fuels ("EverWind"),
North America's most advanced
green hydrogen developer, enthusiastically welcomes the
announcement of the Canadian Federal Government's investment of up
to $300 million to support its
contribution to the Canada-Germany Hydrogen Alliance. The
Honourable Jonathan Wilkinson, Canada's Minister of Energy and Natural
Resources, made the announcement today in Port Hawkesbury, alongside Karina Häuselmeier,
Acting Ambassador at the German Embassy in Ottawa, as well as business leaders from
Canada's clean hydrogen sector,
Indigenous partners and representatives from Germany's H2Global Foundation.
In March 2024 in Hamburg, Minister Wilkinson signed a
Memorandum of Understanding alongside Robert Habeck, German
Vice-Chancellor and Minister of Economic Affairs and Climate
Action, to establish a first-of-its-kind bilateral program to
ensure Canadian producers had priority access to the Germany's rapidly growing market for clean
hydrogen and ammonia, through a dedicated program that will support
commercial transactions between Canadian exporters and German
industry. Today's announcement commits Canadian investment in the
bilateral program, which is matched by Germany, creating a $600 million program that will facilitate
billions worth of export contracts for Atlantic Canadian
projects.
The Canada-Germany Bilateral Window is being administered by
H2Global Foundation and will conduct coordinated supply and demands
side auctions that will connect Canadian green hydrogen exporters
with Germany buyers to facilitate
the completion of commercially binding contracts for the sale of
Canadian green hydrogen.
Binding offtake agreements will enable billions of dollars of
investment, creating significant economic benefits for Atlantic Canada including the creation of good
jobs, rural economic development, local benefits programs, and new
sources of tax revenue for both municipalities and the province.
Projects like EverWind's Point
Tupper facility will also accelerate the decarbonization of
Nova's Scotia's power grid by replacing coal with zero-emission
renewables, in line with Nova
Scotia's target of eliminating coal-fired generation by
2030. Future phases of EverWind's Atlantic Canadian projects will
significantly increase production of green hydrogen and ammonia,
allowing greater access for both export and domestic use. This will
further reduce greenhouse gas emissions while keeping energy prices
affordable.
Quotes:
Trent Vichie,
Founder and CEO, EverWind Fuels
"EverWind is incredibly supportive of today's announcement which
will establish Atlantic Canada as
a global leader in green hydrogen and enable future growth in an
industry that is crucial in the efforts to reduce greenhouse gas
emissions. On behalf of EverWind, I would like to thank Minister
Wilkinson and his team at NRCan for yet another demonstration of
the federal government's commitment to the sector's success. I
would also like to thank Vice Chancellor Habeck and the German
government for their continued efforts to move the Canada-Germany
Hydrogen Alliance forward. Together, we will build a sector that
will not only benefit both countries greatly, but help decarbonize
the planet.
Chief Terry Paul,
Membertou First Nation
"I was pleased to be in Germany
last March when Canada announced
its intention to join H2Global, and today's announcement by
Minister Wilkinson is welcome news for the continued development of
our renewables sector. We are incredibly happy to see that the
momentum continues to build that will ensure Indigenous communities
are helping advance the world-leading Canada-Germany clean energy partnership."
Chief Wilbert Marshall,
Potlotek First Nation
"It is very good news for us that Canada and Germany continue to advance policies that show
economic growth and environmental stewardship go hand in hand. Our
communities are excited about the economic opportunities green
hydrogen will bring and we stand ready to do our part to ensure we
are a global leader in the clean energy economy.
Chief Cory Julian,
Paqtnkek First Nation
"Today's announcement is further proof that now is the time to
work extra hard to build up the renewable energy sector to phase
out coal once and for all. Greening the grid and creating good jobs
for people across our province and within First Nations communities
is a win-win opportunity we're glad to be part of."
Recognition of the Mi'kmaw & their Ancestral
Territory
EverWind acknowledges the ancestral and unceded territory of the
Mi'kmaq people, and we acknowledge them as the past, present, and
future caretakers of this land, Mi'kma'ki. Our work shares a core
principle practiced by the Mi'kmaq: environmental stewardship. We
are committed to working with the Mi'kmaq through consultation,
engagement and delivering a comprehensive partnership on all
aspects of the project.
About EverWind Fuels
EverWind is North America's
leading independent green hydrogen developer. EverWind received the
first Environmental Approval in North
America for a large-scale green hydrogen project, and is
well progressed in design, engineering, and development for the
first phase of both its green energy generation projects and the
production facility which will convert this energy into green
hydrogen and green ammonia. EverWind owns and operates the deepest
ice-free berth on the East Coast of North
America, with world class access to rail, roads, and
pipelines. Our safety-first culture, evidenced through 18 years
without a lost time injury, reflects a highly skilled and
extensively certified workforce.
EverWind has three First Nations equity partners and is a
champion for meaningful engagement with Rightsholders and the
advancement of social and economic reconciliation. At a local
level, the Company works closely with municipalities and
stakeholder organizations.
EverWind is also concurrently developing a world scale green
fuels project on the Burin
Peninsula in Newfoundland
& Labrador. This project will be critical in delivering
the scale and competitive wind resource required to support the
green energy transition ambitions of some of the largest industrial
companies in the world. EverWind is currently preparing its
environmental approval application and to date has collected 17
months of environmental data and is executing the largest wind
measurement campaign in the Province. EverWind continues to
engage with communities and stakeholders on the Burin Peninsula and work closely with the
Government of Newfoundland and
Labrador to ensures the economic,
social and environmental prosperity of the region for generations
to come.
EverWind is led by Trent Vichie,
a co-founder of Stonepeak Infrastructure Partners, and a former
Blackstone Partner. EverWind's
development team consists of over 20 members who have previously
held senior positions at various infrastructure, private equity,
renewable power, engineering, and utility companies. EverWind is
also supported by a world-class advisory team including Black &
Veatch, ILF, RES, Strum Consulting, McInnes
Cooper, King & Spalding, McKinsey, Morgan Stanley, CIBC,
and Citi.
SOURCE EverWind Fuels Company