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NEIA Releases Discussion Paper on Opportunities for Newfoundland and Labrador Related to the Hydrogen Economy

(ST. JOHN’S, NL) – The Newfoundland and Labrador Environmental Industry Association (NEIA) has released a discussion paper on the opportunities for the province related to the supply and demand of hydrogen.

“Hydrogen is a fuel that emits no greenhouse gas emissions when used, and can be produced via processes that result in zero emissions” said Kieran Hanley, NEIA’s Executive Director. “For these reasons, it is anticipated that hydrogen will play a very important role in the energy transition and the pursuit of net zero by the year 2050.”

Hanley said that nations and major corporations worldwide have been developing strategies and making investments in anticipation of major growth in the hydrogen economy, with activity intensifying since the onset of the COVID-19 pandemic. Canada released its own hydrogen strategy in December.

“With its abundance of energy resources we believe that Newfoundland and Labrador has great potential to be a significant player in the growing hydrogen industry,” said Hanley. “This may represent an important opportunity for the growth and diversification of our province’s economy – and further investigation is warranted.”

Hanley said the intent of the discussion paper is to create a broader awareness within the province on what the possibilities may be for the production and/or consumption of hydrogen – and what further explorations are required to narrow in on and define the real opportunities.

The discussion paper can be viewed and downloaded here.

“These are just the first steps in the development of a hydrogen strategy for Newfoundland and Labrador,” said Hanley, noting that business and individuals with an interest in the subject should contact the association. “We hope to engage stakeholders in a discussion on the opportunities outlined in this document in the weeks and months to come – and would value any insight that you can provide.”

NEIA is a not-for-profit association of businesses that promotes the development of clean technology and the growth of the green economy in Newfoundland and Labrador. NEIA has over 200 members. More information can be found at http://www.neia.org.

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Media Contact
Kieran Hanley, Executive Director NEIA
kieran@neia.org

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