two Simon Fraser University The project will support leadership in British Columbia's hydrogen economy and local entrepreneurs.
Burnaby, British Columbia, May 31, 2024 /CNW/ – As countries around the world transition to clean energy, investments in cutting-edge technology will support strong domestic economies and Canada's To establish itself as a global energy leader, the government will work with academia and industry to Canada It provides new opportunities for local talent and technology to address the global challenge of climate change.
Today, the Honourable Terry Beech, Minister for Civil Services and Member of the House of Representatives Burnaby North – Seymour, on behalf of the Honourable Harjit S. Sajjan, Minister of Emergency Preparedness and Minister Responsible for the Pacific Economic Development Agency. Canada (Pacifican) is almost $10 million PacifiCan is funding two innovative initiatives: Simon Fraser UniversityThis includes Canada's first academic-industry collaboration on clean hydrogen energy.
that's all $9.4 million It will be used to establish a new clean hydrogen hub on the SFU Burnaby campus. The project will also $ 1,000,000 Nearly 100,000 employees from the British Columbia Innovation and Clean Energy Centre $2.4 million from Simon Fraser University, $ 1,000,000 from City of Burnabyand several other partners.
Hydrogen is a low-emission energy source, but producing it is costly and the process often relies on fossil fuels. Canadathis sector $100 billion Potential investment in domestic clean energy opportunities and jobs. The hub will be available to companies wishing to develop and refine emerging hydrogen energy technologies.
Using groundbreaking British Columbia-developed electrolysis technology, the Hub will produce hydrogen using hydroelectric power, a clean energy source. The technology also eliminates the costs associated with traditional electrolyzers. Once the Hub is operational, all hydrogen produced will be sold to industrial users, increasing hydrogen use in British Columbia and creating a sustainable revenue stream for the Hub.
As countries around the world increasingly turn to hydrogen, the hub will help Canadian companies access local resources they need to innovate. $104 million This will contribute to the profit growth of many companies. In addition, the promotion of hydrogen as a fuel source Canada We will achieve our goal of net-zero emissions by 2050, create jobs and produce the energy we need.
PacifiCan is also an investor $425,000 We will help SFU implement its Lab2Market program through VentureLabs. This pilot will provide a series of programs for graduate students and researchers to develop their entrepreneurial skills and efficiently commercialize their innovations. This will include: $3 million It was presented to VentureLabs in 2019.
PacifiCan is a federal economic development agency focused on British Columbians. We work with partners who are committed to building innovative businesses, creating quality jobs, and supporting inclusive growth across the province.
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“Projects like the Clean Hydrogen Hub position British Columbia innovators as leaders in the hydrogen economy, which is projected to exceed 10 million tonnes in size. $11 trillion By 2050, the government Canada's Supporting homegrown innovation is fueling economic growth in British Columbia today and building a cleaner, more prosperous future for generations to come.”
– The Honourable Harjit S. Sajjan, Minister of Emergency Preparedness and Minister Responsible for the Pacific Economic Development Agency Canada
“Burnaby is home to a strong ecosystem of innovative businesses and academic institutions. Simon Fraser UniversityThis powerful combination of business and academia creates a positive environment to develop local solutions to global challenges and contribute to British Columbia's strong economy.”
– Terry Beech, Minister for National Services, Member of Parliament Burnaby North – Seymour
“As British Columbia works to meet its greenhouse gas reduction targets between 2030 and 2050, hydrogen is a key pathway towards the transition from high-carbon fuels to cleaner, low-carbon energy. We are proud to work with our federal, academic, industry and municipal partners at the beginning of this important new hub that will connect and strengthen British Columbia's clean hydrogen economy.”
– The Honourable Josie Osborne, Minister for Energy, Mines and Low Carbon Innovation and Member of Parliament for Mid Island – pacific rim
” City of Burnaby “We are committed to exploring solutions that mitigate the effects of climate change and increase our community's capacity to advance research for the benefit of communities in British Columbia and beyond. Achieving ambitious climate goals will require collaboration with community partners and colleagues at SFU, and we are excited about the possibilities this project will open up in the future.”
– Mayor Mike Hurley, City of Burnaby
“SFU is a leading research university and trusted innovation partner, tackling global challenges to make a difference in B.C. and Canada. Canada“We are pleased that the funding provided to the Clean Hydrogen Hub and Venture Lab will help drive innovation in B.C., meet local, provincial and national climate goals, and develop the scientific and industrial expertise needed for Canada’s hydrogen sector to thrive.”
– Joy Johnson, President and Vice Chancellor, Simon Fraser University
Quick Facts
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Achieving net-zero emissions means that an economy either does not emit greenhouse gases or offsets emissions through activities such as planting trees or adopting technologies that can capture carbon before it is released into the atmosphere.
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Canada's The hydrogen strategy is Canada's Supply end-use energy from clean hydrogen by 2050.
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The global hydrogen economy is $263.5 billion By 2027.
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More than 50% Canada's Hydrogen and fuel cell companies are based in British Columbia, which accounts for approximately 60 per cent of research investment in hydrogen and fuel cell development.
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There are currently 13 low-carbon hydrogen production facilities in operation across the country. CanadaIt will be able to produce more than 3,000 tonnes of low-carbon hydrogen per year.
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Source: Canadian Pacific Economic Development Agency
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