Ottawa wants to see 30 per cent of Canada's energy come from clean hydrogen by 2050.
The City of Prince George will receive $150,000 in federal funding to help develop a regional hydrogen hub for the area.
"This work will ensure that Northern B.C. can capitalize on the exciting hydrogen potential in the region, attract advanced industries and establish a network of hydrogen producers, consumers, and infrastructure," states a press release from the federal government issued Wednesday. "This will accelerate the adoption of hydrogen as a clean and efficient energy source, reinforcing British Columbia's role as a leader in sustainable development.
The funding will help the City of Prince George identify local hydrogen assets, attract investment for low-carbon initiatives and support regional research and community engagement. Prince George is strategically positioned to take advantage of the expanding hydrogen economy due to its regional transportation advantages, including proximity to major highways, rail transport, and an international airport, states the release. The hub will extend along Highway 16 to Prince Rupert, presenting an opportunity to create jobs and increase business revenues through new investments in the region.
"The Northern B.C. hydrogen hub development is a transformative initiative poised to link regional hydrogen demand and supply, driving economic growth through job creation in construction, operations, and maintenance of hydrogen facilities and infrastructure," said Mayor Simon Yu in a press release from the federal government.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bicara Therapeutics Picks Morgan Stanley For IPO of Up to $150 MillionBicara Therapeutics is working with Morgan Stanley on a US initial public offering, people familiar with the situation said, as the market for first-time share sales is showing signs of normalizing.
Read more »
Gulf Oil Giant Adnoc With $150 Billion Turns Into Top DealmakerFor years, Abu Dhabi’s main oil producer was known as a sleepy state company content to churn out crude from its vast oil fields. But that stodgy reputation is getting a dramatic makeover as it uses a $150 billion budget to become one of the world’s most active energy dealmakers.
Read more »
Zenas BioPharma Weighs $150 Million-Plus IPO as Soon as JulyZenas BioPharma is seeking to raise $150 million or more in a US initial public offering, people familiar with the situation said, as biotechnology companies return to the market for first-time share sales.
Read more »
Brazil Firm Eyes $150 Million Fund for Agricultural Giant’s Hottest AssetOwning farmland has proven one of the best investments in Brazil over the past decade. But only for Brazilians.
Read more »
Warren Buffett's PacifiCorp reaches $150 million wildfire settlement(Reuters) -PacifiCorp, a utility owned by Warren Buffett's Berkshire Hathaway, agreed to a $150 million settlement with 378 plaintiffs arising from one of...
Read more »
View Royal tenants worried after landlord applies for $150 a month rent increase for repairsIndependent and employee owned - local news stories, weather, sports, events and more
Read more »