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Maxim Power Corp T.MXG

Alternate Symbol(s):  MXGFF

Maxim Power Corp. is a Canada-based independent power producer, which is focused entirely on power projects in Alberta. The Company acquires or develops, owns and operates power and power related projects in Alberta. The Company’s core asset is the 300-megawatt (MW) H.R. Milner Plant, M2, in Grande Cache, AB, which is a combined cycle gas-fired power plant. It also explores additional development options in Alberta, including its permitted gas-fired generation project and the permitting of its wind power generation project. The Combined Cycle Gas Turbine (CCGT) expansion of M2 captures waste heat that would otherwise exhaust into the atmosphere and converts it into low carbon dispatchable electricity for the Alberta power grid. In total, it has about 600 MW of natural gas and wind development projects at various stages. Summit Coal LP is a wholly owned subsidiary of the Company that owns metallurgical coal leases for Mine 14 and Mine 16S located north of Grande Cache, Alberta.


TSX:MXG - Post by User

Post by tinkvidon Sep 07, 2022 9:48am
167 Views
Post# 34946296

Alberta’s Hydrogen Roadmap Continues Driving Progress

Alberta’s Hydrogen Roadmap Continues Driving Progresshttps://www.netnewsledger.com/2022/09/07/albertas-hydrogen-roadmap-continues-driving-progress/

Alberta’s Hydrogen Roadmap Continues Driving Progress
By NetNewsLedger -September 7, 2022140
 
EDMONTON – Associate Minister of Natural Gas and Electricity Dale Nally issued the following statement on the future of hydrogen blending in Alberta:
 
“Earlier this year, the Alberta Utilities Commission (AUC) was asked to conduct an inquiry into the future of hydrogen blending in Alberta. Their findings have been submitted to the government, identifying areas that require further work and clarification, including critical pieces like the potential impacts on consumers.
 
“I would like to thank the many companies, consumer groups and the commission itself for their valuable input into the report. It represents an important step forward in understanding how to most responsibly advance Alberta’s hydrogen economy. I am proud of Alberta’s momentum in this space – not only launching a cutting-edge road map but also being the first province in Canada to publish a comprehensive inquiry to establish a legislative and regulatory framework for hydrogen blending across the entire province.
 
“Hydrogen blending has the potential to help reduce emissions and grow the clean energy sector while fuelling our homes and businesses. Our government continues to take steps to explore how to safely, reliably and cost-effectively introduce hydrogen into Alberta’s natural gas system.
 
“In the coming months, we’ll work with stakeholders to continue developing a hydrogen blending framework that provides certainty to investors and supports a cost-effective system for Albertans. In addition, we will work to clarify different organizations’ responsibilities in regulating the various parts of a hydrogen blending market. This will help protect consumers and ensure companies looking to move forward with blending hydrogen and natural gas have all the information they need to proceed.
 
“Alberta’s hydrogen sector continues to grow at an amazing pace, with more announcements of funding, pilot projects and technological advancements arising all the time. We are committed to exploring the hydrogen blending opportunity in an efficient and clear way.”
 
 
Quick facts
Hydrogen blending is the process where hydrogen is added to natural gas transmission and distribution systems.
When used as a fuel source, hydrogen emits only water vapour when combusted.
The AUC inquiry was focused on hydrogen blending at 20 per cent by volume in natural gas distribution systems, such as those used for residential and commercial utility purposes. This includes the mixed fuel’s use in existing appliances such as furnaces, boilers, water heaters, gas fireplaces, stoves and laundry dryers.
Alberta’s Hydrogen Roadmap identifies hydrogen blending at 15 to 20 per cent by volume into the natural gas distribution network as an early and important market for Alberta’s hydrogen ambition.
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