EverWind Leading the Way in Green Hydrogen Innovation in Canada
Key Ideas
  • EverWind successfully submitted its Clean Hydrogen Investment Tax Credit (CH ITC) plan for the 'Point Tupper Green Ammonia Project Phase I', positioning itself to be the first project in Canada to secure the CH ITC.
  • The project's independently validated carbon intensity of less than 0.75kg CO2 per kg of green hydrogen supports a 99% emissions reduction compared to fossil-fuel based hydrogen, showcasing its environmental impact.
  • Collaboration with renowned firms like RWDI and Deloitte ensured rigorous validation of the carbon intensity calculations, reinforcing EverWind's commitment to transparency and sustainability.
  • By obtaining a 40% tax credit and setting new standards for clean energy development, EverWind is not only advancing decarbonization efforts in Canada but also contributing to the global green energy transition.
EverWind, the leading green hydrogen developer in North America, has completed the submission of the Clean Hydrogen Investment Tax Credit (CH ITC) plan for its 'Point Tupper Green Ammonia Project Phase I' to Natural Resources Canada. This milestone positions the project to potentially become the first in Canada to secure the CH ITC, with eligibility for a 40% tax credit based on its independently validated carbon intensity of less than 0.75kg CO2 per kg of green hydrogen. The rigorous validation process, which included a front-end engineering design study and collaboration with firms like RWDI and Deloitte, confirmed a remarkable 99% emissions reduction compared to fossil-fuel based hydrogen production. Key stakeholders, including RWDI and Deloitte, commended EverWind for its commitment to transparency and sustainability. The CEO of EverWind highlighted the project's significance in advancing decarbonization efforts and setting new standards for clean energy development in Canada. With the 40% tax credit secured, EverWind is now in a strong position to move forward with binding offtake agreements and the construction of its multi-billion dollar production and transportation facility in 2025, contributing to global decarbonization efforts.
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