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Bullboard - Stock Discussion Forum Oceanic Wind Energy Inc V.NKW.H

Alternate Symbol(s):  NKWFF

Oceanic Wind Energy Inc. is a Canada-based renewable energy company. The Company's primary business is the development of renewable energy projects.

TSXV:NKW.H - Post Discussion

Oceanic Wind Energy Inc > Export market
View:
Post by BayWall on Jan 24, 2022 7:34pm

Export market

I wonder if the idea expressed for Atlantic Canada can work for the Hecate project. Would still require someone to build the electrolyzer and infrastructure which the windfarm would then power.

The opportunity here is not the domestic market, said Wendy Franks, an executive with Toronto-based Northland Power.

"If we could harvest the renewable energy and transform it into hydrogen, then the Maritimes could become an energy-exporting region," said Franks.

Electrons generated by turbines are fed through an electrolyzer with water, which separates hydrogen and oxygen molecules. Hydrogen can be stored and converted into "green ammonia" and used as zero carbon fuel.

"We're thinking about many different uses," said Franks.

"It could be something where we are exporting the ammonia by ships. It could be something also where actually the ships are consuming the hydrogen and using that to decarbonize their operations."

Comment by gossamer5 on Jan 25, 2022 12:15am
This post has been removed in accordance with Community Policy
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