Canada’s efforts to establish a green hydrogen supply chain with European countries are being delayed by a supply-demand mismatch and the largest wave of global inflation in decades, hurdles that will see it fail in its goal to export hydrogen to Germany by 2025.
Canada and Germany first signed a memorandum of understanding to develop a transatlantic green hydrogen corridor in 2022, as Germany looked to cut its dependence on fossil fuels imported from Russia and decarbonize its heavy industries. But just months before the end of the 2024, no green hydrogen facilities in Atlantic Canada have been completed, financial terms with German companies remain elusive and infrastructure in Europe is far from ready.
The sobering reality of the green hydrogen deal belies the challenge of balancing large-scale infrastructure investments and meagre current demand, a chicken-and-egg problem that’s common with nascent technologies – one that is delaying hydrogen timelines globally.”
primaboy1 on
In Canada takes 10 years to build 1 subway station.
LessonStudio on
This was never ever ever never ever not in a million years going to happen. It was get-free-money-from-the-feds slush fund garbage from day one.
If you build this kind of power generating infrastructure, the brain dead business case is to sell it to the New England grid and then use the money to buy natural gas for Germany.
PragmaticAlbertan on
If Alberta stands to benefit, you can bet the Liberals will put a stop to it.
4 Comments
https://archive.ph/LKFXd
Canada’s efforts to establish a green hydrogen supply chain with European countries are being delayed by a supply-demand mismatch and the largest wave of global inflation in decades, hurdles that will see it fail in its goal to export hydrogen to Germany by 2025.
Canada and Germany first signed a memorandum of understanding to develop a transatlantic green hydrogen corridor in 2022, as Germany looked to cut its dependence on fossil fuels imported from Russia and decarbonize its heavy industries. But just months before the end of the 2024, no green hydrogen facilities in Atlantic Canada have been completed, financial terms with German companies remain elusive and infrastructure in Europe is far from ready.
The sobering reality of the green hydrogen deal belies the challenge of balancing large-scale infrastructure investments and meagre current demand, a chicken-and-egg problem that’s common with nascent technologies – one that is delaying hydrogen timelines globally.”
In Canada takes 10 years to build 1 subway station.
This was never ever ever never ever not in a million years going to happen. It was get-free-money-from-the-feds slush fund garbage from day one.
If you build this kind of power generating infrastructure, the brain dead business case is to sell it to the New England grid and then use the money to buy natural gas for Germany.
If Alberta stands to benefit, you can bet the Liberals will put a stop to it.