January 21 (Renewables Now) - Australia’s Macquarie Group Ltd (ASX:MQG) will provide capital for a project for the construction of a green hydrogen plant in British Columbia that will inject hydrogen into the local gas network.
Macquarie’s Green Investment Group Ltd (GIG), natural gas supplier FortisBC and Renewable Hydrogen Canada (RH2C) have set up a consortium to work on the project, RH2C announced. Project developer Juergen Puetter of RH2C was quoted by local journal Business in Vancouver as saying that the value of the project will exceed CAD 200 million (USD 153.1m/EUR 137.8m).
The plan is to tap the Canadian province’s “undeveloped and world leading wind resource” for the production of electricity that will be used for the making of hydrogen at an electrolyzer plant in Chetwynd municipality. RH2C and GIG will undertake this part. While most of the electricity will come from a dedicated wind farm, some power will also be sourced from BC Hydro.
The output of the facility, which according to Puetter will be 60 tonnes per day, will be bought by FortisBC. Sundance Produce, a First Nation greenhouse business, will use the waste heat to grow organic produce. The project developer has noted, however, that in order to move forward, the plan will need to get Enbridge Inc’s (TSE:ENB) consent for the injection of hydrogen into their gas pipeline.
(CAD 1.0 = USD 0.766/EUR 0.689)