News Summary

The Ontario government has announced a new round of the Hydrogen Innovation Fund, now with an investment of $30 million, doubling the previous budget of $15 million. This initiative aims to unlock the potential of hydrogen as a clean energy alternative, fostering economic growth, job creation, and strengthening Ontario’s leadership in the clean energy sector. The expanded fund will support projects with direct benefits to the electricity system, such as integrating low-carbon hydrogen into the grid, and promote hydrogen applications across other sectors like transportation, manufacturing, and heavy industry. Natural Resources Canada projects that hydrogen could constitute up to 18% of the country’s energy use by 2050, potentially creating up to 135,000 jobs nationwide.