FortisBC Energy Partners with VulcanX for Hydrogen Pyrolysis Technology Development
Key Ideas
- FortisBC Energy Inc. and VulcanX Energy Corp. have signed a funding agreement to develop hydrogen pyrolysis technology for zero-emission hydrogen and solid carbon production from natural gas at a low cost.
- FortisBC's Clean Growth Innovation Fund is supporting VulcanX in developing proprietary technology to advance hydrogen production, aligning with the CleanBC strategy for a lower-carbon energy future.
- Amendments to regulations enable FortisBC to invest in hydrogen production and distribution, contributing to greenhouse gas reduction efforts by transitioning to renewable and low-carbon gases like RNG and hydrogen.
- VulcanX, spun out from the University of British Columbia, is testing the technology in Fort Saskatchewan, Alberta, with FortisBC's funding for potential hydrogen production facilities.
FortisBC Energy Inc. and VulcanX Energy Corp. have entered a funding agreement to facilitate the development of innovative hydrogen pyrolysis technology. This technology aims to produce zero-emission hydrogen and solid carbon from natural gas in a cost-effective manner. Through FortisBC's Clean Growth Innovation Fund, support is provided to VulcanX for the advancement of its proprietary technology. Joe Mazza, FortisBC's vice president, expresses excitement about collaborating with VulcanX to propel hydrogen production technologies forward. The focus on hydrogen is crucial for a lower-carbon energy future aligning with British Columbia's CleanBC strategy.
FortisBC is actively contributing to reducing greenhouse gas emissions by transitioning towards renewable and low-carbon gases like RNG and anticipating the integration of hydrogen into its gas system. The company's involvement is authorized by amendments to the Greenhouse Gas Reduction (Clean Energy) Regulation, enabling direct investment in hydrogen production and distribution as an energy source. This proactive approach positions FortisBC to play a significant role in fostering the growth of the hydrogen sector in British Columbia.
The partnership between VulcanX and FortisBC signifies a collaborative effort driving clean energy initiatives in British Columbia. VulcanX's origins from MéridaLabs at the University of British Columbia highlight the innovative background of the company. With funds from FortisBC, VulcanX aims to support front-end engineering and design for a potential hydrogen production facility, with ongoing testing in Fort Saskatchewan, Alberta. Dr. Omar E. Herrera, CEO of VulcanX, emphasizes the impact of technology innovation in achieving emission reduction targets effectively and economically, commending FortisBC's support through the Clean Growth Innovation Fund.
Topics
Projects
Clean Energy
Carbon Reduction
Environmental Sustainability
Collaboration
Technology Development
Emission Reduction
Energy Innovation
Funding Agreement
Latest News