TSXV:NKW.H - Post by User
Post by
BayWallon Feb 17, 2024 9:55am
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Post# 35885720
Electricity Demand
Electricity DemandRecent power requests for the NW region, "25% for LNG, 45% for hydrogen and the remainder for critical minerals and the Port of Prince Rupert". (Dec 27, 2023 Globe & Mail)
(MD&A March 2013)
Will the huge increase in power demand by LNG be supplied by only gas generated electricity? The GHG and non-GHG emissions (SOx, NOx, CO2) are forecast to be significant. It is our belief that renewable energy should be part of a balanced solution for the northwest, if and when the LNG plants proceed.
(MD&A Dec 2023)
Green Hydrogen can be generated using local renewable energy and BC Hydro’s clean hydro facilities. The important positives of this process is it can be used when the wind energy or Hydro energy is surplus to demand or when the spot market is very low, making green hydrogen less costly. As the carbon tax on hydrocarbons increases to reduce the GHG emissions, Green Hydrogen will become more and more valuable.