Oceanic Wind Energy Inc V.NKW.H

Hydrogen

[BayWall]

Someone had already mentioned hydrogen on this forum, but it's an idea.

Hydrogen/green ammonia production would not place demand on the grid. BC Hydro would not have to make provision in case the wind doesn't blow. The operation could even be a stand alone with wind.

But green hydrogen has to be competitive with hydro powered hydrogen production.

Green hydrogen – also referred to as “clean hydrogen” – is produced by using clean energy from surplus renewable energy sources, such as solar or wind power, to split water into two hydrogen atoms and one oxygen atom through a process called electrolysis.

Renewables cannot always generate energy at all hours of the day and green hydrogen production could help use the excess generated during peak cycles.

It currently makes up about 0.1% of overall hydrogen production, but this is expected to rise as the cost of renewable energy continues to fall.

Many sectors also now see green hydrogen as the best way of harmonizing the intermittency of renewables – storing excess energy at times of low demand to be fed back into the grid when demand rises – while decarbonizing the chemical, industrial and transportation sectors.

[BayWall]

Here's what Northland says about hydrogen:  In 2020, Northland created a dedicated team that is focused on establishing an early-mover position in new growth asset classes. There are also potential synergies between Northland's renewable assets and hydrogen production.