FormerXBC Inc XEBEQ

Canada/Germany/Hydrogen

[Hertzy]

Canada has a chance to get a leg up in the increasingly heated global race to produce and sell hydrogen, courtesy of interest from one of the worlds largest emerging markets for the alternative fuel source. On Tuesday, the federal government will sign a new agreement with Germany to work together on the clean-energy transition, including developing policies and regulations, and integrating large shares of renewables into electricity systems. Hydrogen is expected to play a central role, with Germanys ambassador to Ottawa, Sabine Sparwasser, touting it as a match made in heaven because of her governments plan to make hydrogen a centrepiece of its decarbonization strategy. Germany is probably the worlds most interesting market for hydrogen right now, and Canada is potentially a very big power in its production, she said in an interview. But even as it expresses that sort of enthusiasm, Germany may also call into question the nature of Canadas strategy to develop its hydrogen industry. To date, that strategy which has mostly involved directional signals from Natural Resources Minister Seamus ORegan, with funding likely to follow has focused primarily on blue hydrogen. That means producing the element from natural gas or other fossil fuels, while using carbon-capture technology to minimize emissions from the process, making it a potential boon for Western Canadas struggling resource sector. Germany, however, is more interested in importing green hydrogen, which is derived from non-fossil fuel sources and thus considered emissions-free. And a report on Canadas hydrogen potential and dynamics that was commissioned by the German government expected to be released this week during the same Berlin virtual energy conference at which the agreement between the two countries will be announced is implicitly critical of Ottawas blue-hydrogen focus. How the focus on blue hydrogen will be aligned with Canadas goal of reaching climate neutrality by 2050 is not spelled out in detail, says an executive summary of the report by the Berlin-based think tank and consultancy Adelphi. As a result, the strategy seems to be more of a vision for the future of those provinces with large fossil fuel resources. The summary is bullish on Canadas green-hydrogen potential, particularly in Quebec and Atlantic provinces. Eastern Canada has optimal conditions for a rapid market uptake of green hydrogen, possibly among the best in the world, it says. After pointing out that Quebec in particular has complained about not being consulted for the federal strategy, it suggests within a future energy partnership German interest for Canadian green hydrogen could be expressed politically and a future supply route could be tested through concrete demonstration projects. The federal government aims to include hydrogen, which it says could lead to $50-billion in exports and as many as 350,000 new jobs by 2050, as a key component of Canadas clean-economy transition Article: Canada to sign agreement with Germany on joint push to develop hydrogen market https://flip.it/CFXPlu

[Hertzy]

Is it at all possible that there can be a positive news release in between now and March 25th? Maybe I'm reaching here...but can Tuesday's announcement (referenced in this article) potentially name drop Canadian companies? I.e. Xebec? Since Xebec/Hygear has what it needs to produce green hydrogen? Like I said...maybe I'm reaching and it's wishful thinking....but would be amazing.

[Zoltar4kingrite]

no...radio silence til the numbers come out..