For Immediate Release
July 21, 2021
The Newfoundland and Labrador Environmental Industry Association (NEIA) played a supporting role in a study released today which estimates that developing the hydrogen production industry in the province could grow into an $11 billion per year industry by 2050.
The study was coordinated by the OERA (Offshore Energy Research Association) and conducted by Zen and the Art of Clean Energy Solutions with support from Dunsky Energy Consulting, Redrock Power Systems, NEIA, as well as from Natural Resources Canada (NRCan), which invested $100,000.
Download the Full Study:
“Hydrogen production represents a substantial opportunity for economic growth, diversification, and innovation for Newfoundland and Labrador,” said Kieran Hanley, NEIA’s Executive Director.
Hanley said that hydrogen is a fuel that emits no greenhouse gasses when used, and can be created through processes that are equally clean. “Hydrogen will be a key driver of the world’s energy transition, and Newfoundland and Labrador is positioned to become a global leader in its production.”
The study provides a technical and economic assessment of the role hydrogen could play in Newfoundland & Labrador’s own energy system transition. It explores the opportunities and challenges hydrogen production, storage, distribution, and use could create for the province while also looking at how NL could interact with the rest of Atlantic Canada in relation to hydrogen.
NEIA helped coordinate stakeholder engagement for the study which included individuals from almost 40 organizations providing input through surveys, virtual workshops, and individual interviews. The study follows a discussion paper that NEIA published in February to introduce the subject and key considerations to provincial stakeholders.
Related:
NEIA has formed a working group to better understand the opportunities for Newfoundland and Labrador in hydrogen and help create the conditions for the industry to grow and thrive in the province. “NEIA will be working hard in the months and years to come to help this industry meet its potential in our province,” said Hanley.
NEIA is a not-for-profit association of businesses that promotes the development of clean technology and the growth of the green economy in Newfoundland and Labrador. NEIA has over 200 members. More information can be found at http://www.neia.org.
Media Contact
Kieran Hanley, Executive Director, econext
kieran@econext.ca
