Montreal-based renewable energy company TES Canada H2 Inc, a subsidiary of Tree Energy Solutions, is slated to embark on a substantial C$4-billion ($2.9 billion) green hydrogen project in Quebec. According to an insider familiar with the matter, the initiative is expected to be officially announced on Friday, accompanied by Canadian Industry Minister Francois-Philippe Champagne. The source, requesting anonymity due to pending details, provided insights into the project's potential economic and environmental impacts.
The green hydrogen project is designed to leverage a wind and solar farm to generate the majority of its required energy. The development is projected to yield 200 permanent jobs and contribute to a 3% reduction in Quebec's carbon emissions by 2030. During the construction phase, the project is estimated to create over 1,000 temporary jobs in addition to the permanent positions.
Commencing production in 2028, the project aims to produce 70,000 tonnes of green hydrogen annually. Approximately one-third of this output will be allocated to decarbonizing long-haul transportation, with the remaining two-thirds dedicated to the production of electric renewable natural gas.
This ambitious endeavor aligns with Canada's commitment to decrease greenhouse gas emissions by 40% to 45% below the 2005 levels by 2030. While Ottawa's recent plan has faced scrutiny for perceived inadequacy, TES Canada's green hydrogen initiative stands as a proactive step toward advancing sustainable energy solutions and contributing to the country's environmental goals.
