The Honourable Anita Anand, Minister of Innovation, Science, and Industry, announced a CAN$49 million investment in HTEC through the Strategic Innovation Fund.
It will support the company’s CAN$472 million project to build and operate a facility that will capture and liquefy 15 tpd of industrial by-product hydrogen in North Vancouver, Canada, turning waste into a valuable and clean fuel.
The facility will allow for cost-effective distribution of low-carbon hydrogen to HTEC’s refuelling station network in British Columbia and Alberta, Canada. It is a key component of HTEC’s H2 Gateway programme, which includes three hydrogen production facilities, up to 20 hydrogen refuelling stations, and a fleet of 100 hydrogen heavy-duty fuel cell electric trucks. The project will also bring significant benefits to British Columbia by maintaining up to 500 jobs and supporting co-op hiring and collaborations within the hydrogen ecosystem.
Once completed, the North Vancouver project will be the first full value chain ecosystem for heavy-duty fuel cell electric trucks in Canada. Over the next three decades, global demand for clean hydrogen is expected to increase tenfold. Matching supply and demand for hydrogen will facilitate the large scale adoption of zero emission heavy-duty vehicles. This will not only decarbonise commercial trucking but also help hydrogen technologies and sustainable practices in Canada.
“Low-carbon hydrogen is key in achieving our goal of net zero emissions by 2050 – and the demand for it is growing across Canada and around the world. The HTEC project will seize this opportunity and provide the trucking sector with the tools and resources it needs to decarbonise,” said the Honourable Anita Anand, Minister of Innovation, Science, and Industry.