Colin Armstrong, President and CEO of HTEC
BRITISH COLUMBIA – HTEC has received a $337 million loan to expand its network of hydrogen refueling stations in B.C. and Alberta, and will build three new hydrogen production facilities in Nanaimo, Burnaby and Prince George.
It is estimated that the expansion, that will also include a facility that liquefies 15 tonnes per day of vented by-product in North Vancouver, will create approximately 280 full time jobs.
As part of this investment, 14 of the 20 new stations will enable the refuelling of up to 300 heavy duty vehicles per day. Hydrogen fuel cell vehicles can travel long distances and have relatively short refuelling times, presenting a unique opportunity to decarbonize the commercial trucking sector. Once fully operational, it is forecasted transportation sector greenhouse gas emissions will be reduced by approximately 133,000 tonnes annually.
“The H2 Gateway vision for HTEC is now being realized,” says Colin Armstrong, President and CEO of HTEC. “With the CIB’s strategic investment, we are poised to establish highly sustainable hydrogen ecosystems that will drive the adoption of zero-emission transportation and support larger regional hydrogen hubs. An investment of this magnitude signals confidence in HTEC and the network of dedicated partners delivering safe, low-carbon energy solutions, putting Canada on the map.”
The H2 Gateway is an estimated $900 million program focused on building hydrogen transportation ecosystems. It is hoped that the financing will help accelerate the implementation of hydrogen technology and help mitigate uncertainty in the rate and pace of hydrogen adoption, which have historically been barriers to private investment in sustainable fuel production and infrastructure.
The partnership represents the third investment through the CIB’s Charging and Hydrogen Refuelling Infrastructure (CHRI) initiative, which is focused on expanding the private sector’s rollout of large-scale charging and hydrogen refuelling infrastructure.
The CIB’s investment builds on previous support HTEC has received from Canada to advance clean transportation, including $5 million from PacifiCan‘s Business Scale-up and Productivity funding and $3 million from Natural Resources Canada’s Zero Emissions Vehicle Infrastructure Program for its 2-tonne-per-day low-carbon hydrogen production and liquid transfer facility in Burnaby, BC.
HTEC designs, builds, owns and operates hydrogen fuel production, infrastructure and supply solutions to support the deployment of hydrogen electric light-medium- and heavy-duty transportation.
Business Examiner Staff
