Minister Vandal announces federal investment to advance Alberta’s hydrogen economy
Source: | · GOVERNMENT OF CANADA · | January 17, 2023
Funding of more than $9.74 million through PrairiesCan will support more than 1,600 jobs and ensure Alberta continues to be a global leader and great place to invest in the rapidly growing hydrogen sector
Source: At the MLTC Bioenergy Centre, plant manager Jason Rasmussen eyes a pile of shredded wood waste that's feeding into a biomass-fired power plant. (Bonnie Allen/CBC)
Alberta’s access to low-cost natural gas reserves and a capable workforce skilled in the natural resource sector provide the province with a competitive advantage to benefit both economically and environmentally from the rapidly growing hydrogen industry. All Canadians will benefit as the province seizes this opportunity, with support from the Government of Canada through strategic investments to advance Alberta’s hydrogen industry.
Today, the Honourable Dan Vandal, Minister for PrairiesCan, together with the Honourable Randy Boissonnault, Minister for Tourism and Associate Minister of Finance, announced a federal investment of more than $9.74 million to improve access to hydrogen fuels, support product testing, attract investment to Alberta’s hydrogen industry, and increase the availability of quality training opportunities to commercialize new technologies all while supporting good-paying jobs Alberta workers can rely on.
Strengthening the hydrogen supply chain and increasing investment in the Edmonton region
Edmonton Global is receiving a total of $3,744,000 for two projects to strengthen the regional hydrogen supply chain and expand investment initiatives to grow the Edmonton regional economy.
An investment of $3 million will help increase the scale and scope of foreign direct investment initiatives that target specific subsectors such as hydrogen. Funding enables Edmonton Global to host international events, including the 2023 Canadian Hydrogen Convention; expand international promotion of the Edmonton region; and develop new tools and materials for potential investors.