H2Tech Market Data 2024 - 13

TABLE 3. Notable H2
Province
Newfoundland
and Labrador
Newfoundland
and Labrador
Nova Scotia
Nova Scotia
Quebec
Quebec
Quebec
Quebec
Quebec
Project
projects and initiatives in Canada. Note: This is not an exhaustive list (cont.)
Developers
Burin Peninsula renewable
energy/green H2
complex
Crown Land green H2
/
ammonia production plant
Green H2/ammonia production,
storage and loading facility
Point Tupper green ammonia project
Sept-Iles green ammonia plant
Courant green ammonia plant
Recyclage Carbone Varennes
clean H2
Gatineau Blending
Shawinigan green H2 plant
and biofuels complex
Enbridge
TES Canada
* Phase 1 (2020-2024): The first phase calls for
the installation of at least 6 GW of renewable H2
electrolyzers in the EU, with up to 1 MMtpy of green
H2
Gatineau
Shawinigan
The project includes a 20-MW electrolyzer to produce green H2
then be injected into the local natural gas distribution network.
The $4-B project will produce green H2
production. In April 2023, the EU proposed a pilot
auction program to subsidize green H2
for building new H2
° The project must have pre-contractional
arrangements in place, such as an MoU or
Letter of Intent (LoI).18,19
The program, which will take place under the EU
projects in the
region. The proposal will make available €800 MM for
green H2
H2 project developers could receive up to a €4/kg
subsidy for up to 10 yr. However, there are several
caveats to qualify:
° The project must have (at least) 5 MW of
electrolyzer capacity
° Project developers cannot bid for more than
33% of the €800-MM budget
° The project must reach 100% capacity within
3.5 yr of a winning bid
project developers to help subsidize the cost
production capacity in the region.
Innovation Fund, is the initial step to the establishment
of the EU's Hydrogen Bank in 2024. According to the
EC, the €3-B European Hydrogen Bank will be used to
" unlock private investments in H2
value chains, both
domestically and in other countries, by connecting
renewable energy supply to EU demand and
addressing initial investment challenges. " 20
* Phase 2 (2025-2030): Due to Russia's invasion
of Ukraine, the EC has revised the EU's goal for
both domestically-produced green H2
electrolyzer capacity to produce
and green H2
imports for Phase 2. According to the most recent
initiative, the EU plans to install up to 40 GW of
renewable H2
, which will
to help decarbonize industrial operations
and heavy transport. Operations are scheduled to being in 2028.
10 MMtpy of green H2
. The region also intends
to import up to 10 MMtpy of green H2
within this
phase. However, the additional infrastructure and
production capacity comes with a large price tag.
According to the EC, total investments in domestic H2
infrastructure could top more than €470 B by 2030,
with an additional €200 B-€300 B in costs to build
out renewable energy capacity in the region. These
costs are in addition to approximately €500 B that
will be needed to build value chains outside of the
EU to secure additional green H2
imports.21
* Phase 3 (2030-2050): In this last phase, renewable
H2
at a wide scale throughout the EU. This phase
envisions the use of green H2
in nearly all sectors
of the EU, including aviation, shipping, and in
industrial and building application. For example,
production reaches maturity and can be deployed
Bear Head Energy
EverWind
Teal
Hy2gen
Proman, Shell, Suncor
Point Tupper
Point Tupper
Sept-Iles
Courant
Varennes
SK Ecoplant Co.
Crown Land
EverWind
Location
Scope
Burin Peninsula
The $8-B project includes the construction of a wind farm (possibly up to 2 GW)
and a plant to produce green H2
and exported.
, which will be converted into green ammonia
The $15-B project includes an onshore wind power plant, and green H2/ammonia
production facilities. First H2
production is set for 2025. Once all phases are
completed, green ammonia production will reach 1.08 MMtpy.
The plant will be built on the site of the former Bear Head LNG terminal project.
The green H2
/ammonia facility will produce up to 2 MMtpy of green ammonia
once operational in late 2027.
The $6-B project will be developed in two phases. Both phases are scheduled
to be completed by 2026 and include the construction of renewable wind power
to produce H2
, which will be converted into 1 MMtpy of green ammonia.
The $1.3-B facility will complete phase 1 construction by 2026. Once operational,
the plant will produce 400,000 tpy of green ammonia.
The facility will use hydropower to help produce up to 220,000 tpy of
green ammonia. The plant is scheduled to begin operations in 2028.
The more than $900-MM facility will produce both H2
and biofuels.
13
MARKET DATA 2024
H2-Tech.com
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H2Tech Market Data 2024

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