MEDIA RELEASE via Government of Ontario
MARKHAM, ON (OCTOBER 17, 2023) – The Ontario government announced the first six projects that will receive funding through the new Hydrogen Innovation Fund, which will kickstart and develop opportunities for low-carbon hydrogen to serve as a clean fuel while strengthening the province’s reliable, affordable and clean electricity grid. The successful projects represent $7.5 million in funding and mark another milestone in the implementation of the province’s Low-Carbon Hydrogen Strategy, positioning Ontario as a clean manufacturing hub.
“Our government is leveraging one of our province’s clear strengths – our world-class clean, reliable and affordable electricity system – to make us a leader in the growing hydrogen economy,” said Todd Smith, Minister of Energy. “Today’s investments, which are part of our larger $15 million Hydrogen Innovation Fund, will kickstart new opportunities for hydrogen to be used as a clean fuel, creating new jobs and driving down emissions at the same time.”
In February 2023, Ontario announced it would establish a Hydrogen Innovation Fund that will invest $15 million over the next three years to kickstart and develop opportunities for hydrogen to be integrated into Ontario’s clean electricity system, including hydrogen storage. The first six recipients of the Hydrogen Innovation Fund, administered by the Independent Electricity System Operator, will focus on the opportunities for hydrogen to serve as a clean alternative fuel for transportation and other end-uses and include:
“The potential for hydrogen as a clean fuel is tremendous – in addition to industrial and transportation uses, it can be blended into the natural gas pipeline to heat and power homes and businesses, said Andrea Khanjin, Minister of the Environment, Conservation and Parks. “We are building on the momentum and support for our province’s low-carbon hydrogen economy in the near term and into the future.”
“As Ontario explores pathways to achieve a low-carbon energy future, one of the fuels that shows considerable promise is hydrogen,” said Lesley Gallinger, President and CEO of the IESO. “The projects announced today will reveal crucial insights into how hydrogen electrolyzers can be integrated into Ontario’s electricity system while producing low-carbon hydrogen for other end-uses.”
These investments build on Ontario’s clean energy advantage as the government makes progress on the Low-Carbon Hydrogen Strategy that laid out eight concrete actions to make Ontario a leader in the latest frontier of energy innovation – the hydrogen economy.