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ARTICLE · 14 SEPTEMBER 2022

Winds Of Change: Opportunities And Risks Surrounding Hydrogen Projects In Canada

Borden Ladner Gervais LLP
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On August 23, 2022, Canada and Germany entered into a joint declaration of intent with respect to investing in hydrogen projects and satiating...

CanadaEnergy and Natural Resources
Nikhil Pandey
Nikhil Pandey
Alan Ross
Alan Ross
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Background

On August 23, 2022, Canada and Germany entered into a joint declaration of intent with respect to investing in hydrogen projects and satiating the burgeoning global demand for clean and renewable energy. Specifically, this "hydrogen alliance" foresees the two countries investing in hydrogen, establishing a "transatlantic Canada-Germany supply corridor" and exporting hydrogen by 2025. This agreement comes on the heels of a recent outpour of various governmental plans and strategies to invest in hydrogen, such as the federal Hydrogen Strategy for Canada and B.C.'s Hydrogen Strategy, as well as private ventures such as the Air Liquide green hydrogen site in Québec, which opened in 2021.

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