Province pools $15 million in funding for expansion, research and innovation in hydrogen
The Ontario government is creating a Hydrogen Innovation Fund and is backing that up with a pool of $15 million over the next three years for projects that can deliver clean energy to the provincial grid and to manufacturers.
Considered a versatile fuel, hydrogen can be used for vehicles, industrial processes and integrated into existing natural gas systems while emitting little to no greenhouse gases.The Independent Electricity System Operator will administer the Hydrogen Innovation Fund. Applications open for the fund in April.
It’s part of the government’s Low-Carbon Hydrogen Strategy to make Ontario a leader in energy innovation. The strategy identifies potential hydrogen hubs in Niagara, Halton Hills, Nanticoke, Brighton Beach and Lambton where low-carbon hydrogen demand can be matched with existing power energy. “The Hydrogen Innovation Fund will help to lay the groundwork for hydrogen to contribute to our diverse energy supply, supporting game-changing investments in electric vehicle production, green steelmaking and clean manufacturing that will create good paying jobs, grow our economy and reduce emissions,”said Energy Minister Todd Smith in a statement.
“Our government will continue to support innovation and investment in clean technologies that will position Ontario as the clean manufacturing and transportation hub of the future while leading Canada in greenhouse gas emission reductions,” added Environment Minister David Piccini.
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