{"id":24843,"date":"2022-08-26T11:16:26","date_gmt":"2022-08-26T10:16:26","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=24843"},"modified":"2022-08-26T11:16:26","modified_gmt":"2022-08-26T10:16:26","slug":"ghi-announces-development-green-hydrogen-production-complex","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/ghi-announces-development-green-hydrogen-production-complex\/24843\/","title":{"rendered":"GHI announces the development of a green hydrogen production complex in Nova Scotia"},"content":{"rendered":"<h2>Green Hydrogen International has announced the Spirit of Scotia green hydrogen hub, a gigascale green hydrogen production complex set to be built in Nova Scotia, Canada.<\/h2>\n<p><a href=\"https:\/\/www.ghi-corp.com\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">Green Hydrogen International (GHI)<\/span><\/a><span data-contrast=\"none\"> has recently presented a plan to construct a green hydrogen production and storage project to be built in the Canadian province of Nova Scotia. The project is set to be built in phases up to 500 GW, securing a source of green hydrogen for European and North American markets.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:525,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Named the Spirit of Scotia, the project is the company\u2019s second gigascale green hydrogen complex and calls for the development of hydrogen storage facilities in salt formations across the province. Underground salt storage is essential and enables a lower production cost as well as the <\/span><span data-contrast=\"none\">ability to guarantee delivery to customers.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:525,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">The company has obtained mineral exploration licences across most of the known storage-grade salt formations in the province.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:525,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<h3>The importance of this development for European and North American markets<\/h3>\n<p><span data-contrast=\"none\">Recently, German Chancellor Olaf Scholz and Canadian Prime Minister Justin Trudeau <\/span><a href=\"https:\/\/www.innovationnewsnetwork.com\/canada-and-germany-strike-green-hydrogen-wind-farm-deal\/24676\/\"><span data-contrast=\"none\">signed a deal<\/span><\/a><span data-contrast=\"none\"> for Germany to import green hydrogen from Canada. Prime Minister Trudeau reiterated Canada\u2019s commitment to helping Europe meet its energy needs, now and in the future, including through support for hydrogen and critical minerals.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:525,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Nova Scotia is well positioned to support Europe with its green hydrogen requirements, with easy access to European energy markets, abundant offshore wind resources, and storage-grade salt formations. Large-scale production will soon be cost-competitive with hydrocarbons due to the declining cost curve of offshore wind power. Nova Scotia is set to become a key global player in green hydrogen production.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:525,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<figure id=\"attachment_24845\" aria-describedby=\"caption-attachment-24845\" style=\"width: 682px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-24845\" src=\"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2022\/08\/\u00a9-iStockonurdongel-300x169.jpg\" alt=\"\" width=\"682\" height=\"384\" srcset=\"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2022\/08\/\u00a9-iStockonurdongel-300x169.jpg 300w, https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2022\/08\/\u00a9-iStockonurdongel-1024x576.jpg 1024w, https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2022\/08\/\u00a9-iStockonurdongel-768x432.jpg 768w, https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2022\/08\/\u00a9-iStockonurdongel-1536x864.jpg 1536w, https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2022\/08\/\u00a9-iStockonurdongel-696x392.jpg 696w, https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2022\/08\/\u00a9-iStockonurdongel-1068x601.jpg 1068w, https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2022\/08\/\u00a9-iStockonurdongel-100x56.jpg 100w, https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2022\/08\/\u00a9-iStockonurdongel-200x113.jpg 200w, https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2022\/08\/\u00a9-iStockonurdongel-400x225.jpg 400w, https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2022\/08\/\u00a9-iStockonurdongel-800x450.jpg 800w, https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2022\/08\/\u00a9-iStockonurdongel-747x420.jpg 747w, https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2022\/08\/\u00a9-iStockonurdongel.jpg 1920w\" sizes=\"(max-width: 682px) 100vw, 682px\" \/><figcaption id=\"caption-attachment-24845\" class=\"wp-caption-text\">\u00a9 iStock\/audioundwerbung<\/figcaption><\/figure>\n<h3>Spirit of Scotia\u2019s hydrogen production potential<\/h3>\n<p><span data-contrast=\"none\">When fully expanded to 500 GW, the project has the potential to produce over 43 billion KG of hydrogen per year, equivalent to over 450TWh of energy. This could power 73% of Germany\u2019s electricity needs.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:525,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">To ensure that the project is sustainably built, the company intends to work alongside the Canadian and Nova Scotian Governments as well as the Mi\u2019kmaq People and the province\u2019s local communities.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:525,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">GHI\u2019s Founder and CEO Brian Maxwell, stated: \u201cThe massive wind resource available offshore\u202fNova Scotia, combined with the significant salt formations suitable for hydrogen storage, means\u202fNova Scotia\u202fwill be one of the best places in the world to produce green hydrogen.\u201d<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:525,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Andy Steinhubl, GHI Board Member and former McKinsey Senior Partner,\u202fadded: \u201cSalt storage is an advantaged solution for solving the intermittency problem of renewable power, as well as enabling giga-cost economies of scale, and providing ratable offtake projects. GHI is building a global portfolio of these projects and\u202fNova Scotia\u202fis a top priority for the company.\u201d<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:525,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">GHI aims to bring together a consortium of developers, companies, and local community and First Nations groups to help advance the project. \u201cThis will be one of the largest deployments of capital in Canadian history and an enormously bold undertaking, so we&#8217;re excited to work with a broad group of stakeholders to make it happen,\u201d explained Maxwell.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:525,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Maxwell believes the Spirit of Scotia Green Hydrogen Hub will create a significant opportunity for the province\u2019s local communities.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:525,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">\u201cI expect the wealth generated by Spirit of Scotia to flow to the residents of\u202fNova Scotia\u202ffor generations to come. The project will create thousands of jobs, reduce local power costs, and add significant tax revenue to the province,\u201d declared Maxwell. \u201cPlus, Nova Scotians will be able to proudly say that their province is a world leader in green energy production.\u201d<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:525,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GHI has announced the Spirit of Scotia green hydrogen hub, a gigascale green hydrogen production complex to be built in Nova Scotia, Canada. <\/p>\n","protected":false},"author":18,"featured_media":24844,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[24204],"tags":[24134,24413],"acf":[],"yoast_head":"\n<title>GHI announces the development of a green hydrogen production complex<\/title>\n<meta name=\"description\" content=\"GHI has announced the Spirit of Scotia green hydrogen hub, a gigascale green hydrogen production complex to be built in Nova Scotia, Canada.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.innovationnewsnetwork.com\/ghi-announces-development-green-hydrogen-production-complex\/24843\/\" \/>\n<meta property=\"og:locale\" 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