Canada and Germany ink deal for green hydrogen project

Green hydrogen projects

Canada and Germany entered into an agreement to stimulate the development of green hydrogen production in Canada for supply to Germany.

World Energy GH2 officially launched its project to invest $12 billion in Newfoundland and Labrador to produce green hydrogen to power world markets. The accord, together with the launch of this project, signals the birth of an emerging and vibrant clean hydrogen industry in Canada.

World Energy, a carbon-net-zero solutions provider, will supply 250,000 metric tons of green hydrogen per year to global markets at the completion of its renewable hydrogen project. The joint declaration of intent was signed by Germany and Canada on Tuesday, August 23, 2022, during a hydrogen event hosted at World Energy GH2’s project site in Stephenville, Newfoundland, and Labrador.

“Canada has potential as a reliable supplier of energy in a net-zero world. Our government is committed to working with our allies to ensure Canadian resources ensure clean energy security at home and around the world,” said Jonathan Wilkinson, Minister of Natural Resources Canada.