Simon Fraser University Projects to Propel B.C.'s Hydrogen Economy
Key Ideas
  • The Government of Canada is investing almost $10 million in two Simon Fraser University initiatives to establish a Clean Hydrogen Hub, supporting clean energy innovation and entrepreneurship in British Columbia.
  • The Clean Hydrogen Hub at SFU's Burnaby campus will utilize B.C.-developed electrolyzer technology to produce hydrogen using hydroelectricity, reducing costs and promoting the use of clean energy sources.
  • The project aims to generate $104 million in revenue growth across multiple companies, support Canada's goal of net-zero emissions by 2050, create jobs, and advance the adoption of hydrogen as a sustainable fuel source.
  • Additionally, PacifiCan is investing $425,000 in SFU's Lab2Market program to enhance entrepreneurship skills and commercialize innovations, contributing to building a robust ecosystem for innovation and economic growth in the region.
The Government of Canada has announced funding of almost $10 million for two groundbreaking initiatives led by Simon Fraser University (SFU) to support B.C.'s leadership in the hydrogen economy and local entrepreneurs. One initiative involves establishing a Clean Hydrogen Hub at SFU's Burnaby campus, with over $9.4 million dedicated to this project. The Hub will utilize innovative B.C.-developed electrolyzer technology to generate hydrogen using hydroelectricity, significantly reducing costs compared to traditional methods and promoting the adoption of clean energy sources. The project is a significant step towards achieving net-zero emissions by 2050 and is expected to create jobs, support economic growth, and catalyze the development of the hydrogen sector in Canada. The Hub will serve as a platform for companies to develop and refine hydrogen-energy technologies, contributing to over $100 billion in potential investments in clean energy opportunities and jobs across the country. In addition to the Clean Hydrogen Hub, PacifiCan is investing $425,000 in SFU's Lab2Market program, aimed at helping graduate students and researchers enhance their entrepreneurship skills and effectively commercialize their innovations. This strategic investment aligns with the goal of fostering innovation and supporting inclusive growth in British Columbia. The announcement has been met with positive feedback from government officials, industry leaders, and academic representatives, highlighting the pivotal role of initiatives like the Clean Hydrogen Hub in driving economic growth, promoting sustainable practices, and positioning British Columbia as a leader in the global transition to clean energy.
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