Federal Funding Boosts Clean Energy Projects in Alberta
Key Ideas
- Eleven clean energy projects in Alberta receive $11 million in federal funding, with a focus on hydrogen and small modular nuclear reactors.
- Hydrogen companies like Atco Gas, Innovative Fuel Systems, and New Wave Hydrogen are among the recipients working on innovative projects.
- Interest in low-carbon hydrogen is growing, with over 80 projects in development and an estimated economic opportunity of over $100 billion in Canada.
- A new report praises Canada's progress towards net-zero emissions by 2050, highlighting government support for clean energy but also noting room for improvement in Alberta and Saskatchewan.
Eleven clean energy projects, primarily based in Alberta, are set to benefit from $11 million in federal funding, as announced by Natural Resources Minister Jonathan Wilkinson in Calgary. The funding includes $2.5 million for small modular nuclear reactor research and $8.5 million for hydrogen initiatives. Alberta companies like Atco Gas, Innovative Fuel Systems, and New Wave Hydrogen are working on projects ranging from developing hydrogen-heated buildings to producing clean hydrogen from natural gas with zero carbon dioxide emissions. The federal government notes a growing interest in low-carbon hydrogen, with numerous projects in development and an economic opportunity exceeding $100 billion. Wilkinson emphasizes the potential of hydrogen as a clean energy source that aligns with energy security and climate goals. Additionally, a recent report by the Pembina Institute and Simon Fraser University recognizes Canada's progress towards net-zero emissions by 2050, applauding government policies that support the energy transition. While federal, B.C., and Quebec governments are commended for their efforts, the report highlights the need for Alberta and Saskatchewan to enhance their support for clean energy initiatives.
Topics
Utilities
Government Policies
Clean Energy
Net Zero Emissions
Energy Transition
Research
Economic Opportunity
Federal Funding
Low Carbon Fuels
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