Oceanic Wind Energy Inc V.NKW.H

Green Hydrogen

[BayWall]

Federal Gov't is into hydrogen. "Hydrogen's decarbonisation benefits will only be realized if Canada adopts low carbon intensity hydrogen and any new gov't investment in the development of new supply in Canada needs to reflect this." Simon Dryer (Pembina Institute). Seamus O'Regan, minister of Natural Resources hopes hydrogen initiatives will also bolster the economy by adding over 350,000 jobs over 30 years. Green hydrogen is preferred and can be created by using wind, solar or hydro. $1.5 billion set aside by the Federal Gov't in it's low carbon and emission fund.-- Green hydrogen can be produced by electrolysis of water by running a current through it produced from wind or hydro. This separates hydrogen and oxygen. But need a lot of wind power if going that route. Will also receive extra carbon credits for green hydrogen. While hydrogen made from natural gas will get less.