Country could develop about 125GW of new renewable energy sources by 2030 for hydrogen manufacture, with $2.4 billion in new public funding announced for electrolyzers it hopes will produce up to 5 million metric tons per year.
Billions in proposed wind-generated hydrogen projects in Atlantic provinces get attention as Canada sees key role in energy transition for Germany, Europe and elsewhere.
The $3 per kilogram production tax credit in Inflation Reduction Act, in effect for 10 years, will make green hydrogen competitive with fossil-fuel generated gray hydrogen, says Plug Power CEO Andrew Marsh.
