Government launches a Hydrogen Development Action Plan

    Tuesday, 14 May 2024 12:02

    By Tonya Organ

    The plan is titled “Green Hydrogen: An Action Plan for Newfoundland and Labrador. ”

    Industry Minister Andrew Parsons has launched the province’s Hydrogen Development Action Plan. The release of this plan is the next step in development of a green hydrogen and ammonia production industry. The plan is titled “Green Hydrogen: An Action Plan for Newfoundland and Labrador. ” It will provide a focused policy approach to hydrogen development in the province to guide involvement in hydrogen initiatives that are imminent or currently underway. There are four pillars, including Export and Domestic Markets, Partnership, Innovation and Industry Support, Training and Jobs, and Regulatory Framework. Parsons says “This approach will increase the province’s competitiveness and lead to increased employment and economic diversification, including in rural areas.” Four wind hydrogen projects have been approved with an estimated economic impact of over $200 billion in GDP over the lifetime of projects and a treasury impact over $11 billion.

     

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