Hy2gen Canada Inc. has been granted a block of renewable energy for its upcoming $2 billion green hydrogen and ammonia plant to be constructed in Baie-Comeau, Quebec. The plant, named 'Courant,' is set to have a production capacity of approximately 240,000 tonnes of green ammonia per year and is expected to commence operations by 2029. The aim of the project is to supply green ammonia primarily to Quebec's expanding mining sector to help mitigate carbon emissions related to the production of chemicals and other mining products. Hy2gen's strategic vision includes establishing multiple renewable energy projects in North America and Europe, aligning with its goal of becoming a key player in the global renewable energy market. The energy deal with Hydro-Québec signifies a significant advancement for the company, enabling the start of a $30 million engineering study for the Baie-Comeau project. By utilizing Quebec's abundant renewable electricity, Hy2gen plans to operate the plant 24/7 and maximize its output. The company's CEO envisions the Baie-Comeau plant as a model for future endeavors worldwide, emphasizing the importance of affordable renewable power for producing high-value molecules like green ammonia. The decision to award the energy contract to Hy2gen highlights Quebec's dedication to developing a circular green energy and industrial ecosystem, focusing on reducing the carbon footprint of local industries. The commitment to supplying green ammonia exclusively within Quebec showcases the province's determination to decarbonize its industries and support sustainable economic growth.