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Canada: Alberta Announces $176 million in Provincial and Federal Funding to Accelerate Alberta’s Economic Recovery to Include Hydrogen

By November 2, 2021 3   min read  (539 words)

November 2, 2021 |

Fuel Cells Works, Canada: Alberta Announces $176 million in Provincial and Federal Funding to Accelerate Alberta’s Economic Recovery to Include Hydrogen
  • Hydrogen initiatives include, Canadian Pacific Railway, Air Products Canada & City of Edmonton for its Alberta Zero Emissions Hydrogen Transit (AZEHT)

Sixteen shovel-ready projects will share $176 million in provincial and federal funding to accelerate Alberta’s economic recovery while supporting environmental sustainability.

The projects were selected by Emissions Reduction Alberta (ERA) through its Shovel-Ready Challenge. They represent a total investment of more than $2 billion in public and private funding.

Premier of Alberta, Jason Kenney, and Jason Nixon, Alberta’s Minister of Environment and Parks, announced the winners of the Shovel-Ready Challenge with ERA CEO, Steve MacDonald, on Monday, November 1, 2021, at Capital Power’s Genesee Generating Station.

This is the largest funding announcement ever made through ERA. These technology innovations have the potential to deliver cumulative GHG reductions of 6.8 million tonnes of CO2e by 2030— equal to eliminating emissions from the electricity used by 4.5 million homes—with an average annual emissions reduction of 1 million tonnes by 2030. It is anticipated these projects will also support approximately 5,600 new jobs.

In total, $126 million of stimulus funding is being sourced from Alberta’s industry-funded Technology Innovation and Emissions Reduction (TIER) fund. The remaining $50 million will be supported by the federal Low Carbon Economy Leadership Fund (LCELF).

“Alberta continues to show leadership by using technology in practical ways to reduce emissions and combat climate change. These investments will help us grow our economy and pave the way to an even brighter future for all Albertans by building on Alberta’s strong foundation as a responsible and innovative energy leader.” Jason Kenney, Premier

“Shovel-Ready funding expands ground-breaking technologies that are helping industries cut emissions, employ more Albertans, and grow our economy. The TIER program continues to demonstrate Alberta’s global leadership on innovation and technology, which are the key pathways to protecting our shared environment while getting Alberta’s economy back on track.” Jason Nixon, Minister of Environment and Parks

“These investments are unlocking innovation and mobilizing private spending to create economic opportunities and improve environmental performance. They build on Alberta’s strengths across industries and turn emissions reduction ambition into action.” Steve MacDonald, ERA CEO

Hydrogen Projects to Include the following:

Canadian Pacific Railway Company – Hydrogen Locomotive Program
Project value: $33,200,000 | ERA commitment: $15,000,000

Air Products Canada Ltd. – New Edmonton Blue Hydrogen Hub
Project value: $1,269,000,000 | ERA commitment: $15,000,000

City of Edmonton – Alberta Zero Emissions Hydrogen Transit (AZEHT)
Project value: $9,900,000 | ERA commitment: $4,600,000

“We sincerely appreciate ERA’s belief in our work and our people. As a sustainably driven organization, we share ERA’s goal of reducing greenhouse gas emissions through advanced technology. CP will combine ERA’s commitment with our own funds to expand research and development of real-world hydrogen technology in Alberta.” Keith Creel, President and Chief Executive Officer, Canadian Pacific Railway

“The City of Edmonton is committed to transitioning to a zero emissions future. ERA’s funding provides a foundation for us to advance an introduction of zero emission hydrogen-fueled buses in real world conditions—operating in regular service through all seasons. Combined with the efforts of the transport industry, it is an early step to building a full value chain for hydrogen in an area where a cost-effective supply of low-carbon hydrogen is readily available.” Stephanie McCabe, Deputy City Manager of Urban Planning & Economy, City of Edmonton

 

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