Taking a giant leap to boost the hydrogen fuel economy of Alberta, Dan Vandal, Minister for PrairiesCan and Randy Boissonnault, Minister for Tourism and Associate Minister of Finance made an announcement of federal investment worth $9.74 million.
The initiative is being seen as a move to bring in more investment to Alberta’s hydrogen industry which will widen the scope of training opportunities for commercialization of advanced technology. Also, this will create good job opportunities for the workers in the field.
Meanwhile, an amount of $3,744,000 will be doled out to Edmonton Global for two projects so as to consolidate the regional hydrogen supply chain and increase investment schemes to facilitate Edmonton’s regional economy growth.
An amount of $3million will fortify foreign direct investment initiatives and will help Edmonton Global in organising events including the 2023 Canadian Hydrogen Convention.
Also, $744,000 will be utilized by Edmonton Global to develop the hydrogen supply chain and labour market for Edmonton region.
The University of Alberta and Alberta Motor Transport Association will get $3 million to work in the direction of increasing access to hydrogen fuel and accentuating upon the advantages of hydrogen technology for heavy vehicles.
To top it all, Edmonton’s C-FER Technologies has been allocated $3 million for augmenting its testing facility for hydrogen fuel infrastructure, equipment and technologies.