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HTEC and Canada Infrastructure Bank Partner to Transform Hydrogen Fuel Landscape with $337 Million Investment

May 24, 2024 by Robert Lewis Leave a Comment

Vancouver’s HTEC, Canada’s leading clean hydrogen solutions company, announced today that they are partnering with the  Canada Infrastructure Bank (CIB) to accelerate the deployment of hydrogen production and refuelling infrastructure.

A $337 million investment from CIB 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.

The partnership will allow HTEC to build a by-product hydrogen liquefaction facility and three new hydrogen production facilities to expand Canada’s low carbon fuel supply capacity.

This includes up to 20 hydrogen refuelling stations online in British Columbia and Alberta, more than doubling the amount of refuelling stations in Canada.

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.

Earlier this month the Canadian Hydrogen Convention Awards honoured HTEC CEO Colin Armstrong as the Hydrogen Leader of the Year.

Filed Under: News Tagged With: HTEC

 

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